Looking At Applied Mat's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Applied Mat.

Looking at options history for Applied Mat AMAT we detected 21 trades.

If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $382,607 and 14, calls, for a total amount of $509,781.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $310.0 for Applied Mat over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Applied Mat'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 Applied Mat's whale trades within a strike price range from $160.0 to $310.0 in the last 30 days.

Applied Mat Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Applied Mat

Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

Having examined the options trading patterns of Applied Mat, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Applied Mat Standing Right Now?

• With a trading volume of 3,411,383, the price of AMAT is down by -0.86%, reaching $206.67.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 51 days from now.

What The Experts Say On Applied Mat

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $228.75.

• An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $220.
• Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Applied Mat with a target price of $235.
• An analyst from Bernstein persists with their Outperform rating on Applied Mat, maintaining a target price of $240.
• Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $220.

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 Applied Mat, Benzinga Pro gives you real-time options trades alerts.