Spotlight on Applied Mat: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bearish approach towards Applied Mat AMAT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMAT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Applied Mat. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 44% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $91,659, and 15 are calls, amounting to $551,323.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $190.0 to $300.0 for Applied Mat over the last 3 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 $190.0 to $300.0 in the last 30 days.

Applied Mat Option Volume And Open Interest Over 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.

In light of the recent options history for Applied Mat, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Applied Mat

• With a volume of 1,014,142, the price of AMAT is down -0.81% at $235.73.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 63 days.

Expert Opinions on Applied Mat

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $226.0.

• Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Applied Mat, targeting a price of $185.
• Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Applied Mat, targeting a price of $250.
• An analyst from Stifel has decided to maintain their Buy rating on Applied Mat, which currently sits at a price target of $230.
• An analyst from Barclays upgraded its action to Equal-Weight with a price target of $225.
• Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Applied Mat with a target price of $240.

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.