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 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $143,445 and 12, calls, for a total amount of $587,216.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $220.0 for Applied Mat, spanning the last three months.
Volume & Open Interest Trends
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 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 activity within a strike price range from $145.0 to $220.0 in the last 30 days.
Applied Mat Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | CALL | TRADE | BEARISH | 06/21/24 | $11.95 | $11.85 | $11.85 | $195.00 | $152.8K | 1.1K | 132 |
| AMAT | PUT | SWEEP | BULLISH | 06/21/24 | $9.65 | $9.5 | $9.5 | $190.00 | $76.9K | 812 | 128 |
| AMAT | CALL | SWEEP | BEARISH | 06/21/24 | $9.4 | $9.3 | $9.3 | $200.00 | $76.2K | 1.8K | 163 |
| AMAT | CALL | TRADE | BULLISH | 01/16/26 | $73.2 | $71.15 | $73.2 | $150.00 | $65.8K | 141 | 0 |
| AMAT | CALL | SWEEP | BULLISH | 06/21/24 | $4.2 | $4.15 | $4.2 | $220.00 | $49.9K | 1.4K | 150 |
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.
Following our analysis of the options activities associated with Applied Mat, we pivot to a closer look at the company's own performance.
Applied Mat's Current Market Status
- With a trading volume of 5,505,589, the price of AMAT is down by -2.35%, reaching $193.99.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 15 days from now.
What Analysts Are Saying About Applied Mat
2 market experts have recently issued ratings for this stock, with a consensus target price of $260.0.
- An analyst from Cantor Fitzgerald has elevated its stance to Overweight, setting a new price target at $260.
- An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $260.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Applied Mat options trades with real-time alerts from Benzinga Pro.
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