A Closer Look at Applied Mat's Options Market Dynamics

Deep-pocketed investors have adopted a bullish 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 15 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 46% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $156,973, and 11 are calls, amounting to $441,260.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $195.0 for Applied Mat over the recent three months.

Insights into Volume & Open Interest

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 $140.0 to $195.0 in the last 30 days.

Applied Mat Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Applied Mat

Applied Materials Inc 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

Current Position of Applied Mat

• With a trading volume of 1,438,984, the price of AMAT is down by -0.05%, reaching $169.32.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 58 days from now.

What The Experts Say On Applied Mat

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $194.66666666666666.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $164. * Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Applied Mat with a target price of $210. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Applied Mat, targeting a price of $210.

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