Whales with a lot of money to spend have taken a noticeably bearish stance on Lam Research.
Looking at options history for Lam Research LRCX we detected 26 trades.
If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 65% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $670,620 and 21, calls, for a total amount of $1,369,390.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $510.0 to $1480.0 for Lam Research over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lam Research's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lam Research's whale activity within a strike price range from $510.0 to $1480.0 in the last 30 days.
Lam Research Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | PUT | SWEEP | BEARISH | 09/20/24 | $825.00 | $463.0K | 106 | 0 |
| LRCX | CALL | TRADE | BEARISH | 03/22/24 | $925.00 | $189.6K | 171 | 102 |
| LRCX | CALL | SWEEP | BULLISH | 04/19/24 | $930.00 | $180.0K | 411 | 0 |
| LRCX | CALL | SWEEP | BEARISH | 05/17/24 | $1020.00 | $178.7K | 185 | 0 |
| LRCX | CALL | TRADE | BEARISH | 03/22/24 | $970.00 | $105.0K | 172 | 186 |
About Lam Research
Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear cut second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
Following our analysis of the options activities associated with Lam Research, we pivot to a closer look at the company's own performance.
Where Is Lam Research Standing Right Now?
- Trading volume stands at 266,892, with LRCX's price up by 2.08%, positioned at $929.03.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 30 days.
Professional Analyst Ratings for Lam Research
4 market experts have recently issued ratings for this stock, with a consensus target price of $957.5.
- An analyst from UBS has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $1130.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $900.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $900.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $900.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lam Research, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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