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 24 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $580,788 and 19, calls, for a total amount of $1,574,324.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $425.0 to $1130.0 for Lam Research during the past quarter.
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 $425.0 to $1130.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | PUT | SWEEP | BEARISH | 09/20/24 | $82.85 | $81.85 | $82.85 | $1060.00 | $289.9K | 58 | 0 |
| LRCX | CALL | TRADE | BEARISH | 09/20/24 | $85.25 | $84.2 | $84.2 | $1040.00 | $193.6K | 87 | 0 |
| LRCX | CALL | TRADE | BULLISH | 01/17/25 | $158.25 | $151.1 | $156.5 | $1000.00 | $156.5K | 166 | 2 |
| LRCX | PUT | SWEEP | BULLISH | 06/28/24 | $96.45 | $93.15 | $93.15 | $1130.00 | $139.7K | 2 | 0 |
| LRCX | CALL | TRADE | BEARISH | 09/20/24 | $85.0 | $84.15 | $84.15 | $1040.00 | $126.2K | 87 | 0 |
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.
After a thorough review of the options trading surrounding Lam Research, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Lam Research
- Trading volume stands at 222,043, with LRCX's price down by -1.06%, positioned at $1039.2.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 30 days.
Expert Opinions on Lam Research
4 market experts have recently issued ratings for this stock, with a consensus target price of $1096.25.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $1325.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Lam Research with a target price of $900.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Lam Research with a target price of $1100.
- An analyst from Raymond James persists with their Outperform rating on Lam Research, maintaining a target price of $1060.
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 Lam Research options trades with real-time alerts from Benzinga Pro.
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