Behind the Scenes of Applied Mat's Latest Options Trends

Investors with a lot of money to spend have taken a bullish stance on Applied Mat AMAT.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMAT, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 17 uncommon options trades for Applied Mat.

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 35%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $288,460, and 12 are calls, for a total amount of $597,553.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $240.0 for Applied Mat during the past quarter.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Applied Mat stands at 553.81, with a total volume reaching 1,194.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Mat, situated within the strike price corridor from $135.0 to $240.0, throughout the last 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

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.

After a thorough review of the options trading surrounding Applied Mat, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Applied Mat

• Trading volume stands at 1,517,198, with AMAT's price down by -1.84%, positioned at $163.76.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 45 days.

What Analysts Are Saying About Applied Mat

In the last month, 2 experts released ratings on this stock with an average target price of $187.0.

Turn $1000 into $1270 in just 20 days?

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. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Applied Mat with a target price of $210. * Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $164.

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.