Check Out What Whales Are Doing With AMAT

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 25 uncommon options trades for Applied Mat.

This isn't normal.

The overall sentiment of these big-money traders is split between 32% bullish and 32%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $422,323, and 18 are calls, for a total amount of $2,190,960.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $82.5 to $250.0 for Applied Mat over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Applied Mat stands at 1420.53, with a total volume reaching 1,505.00. 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 $82.5 to $250.0, throughout 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

Applied Mat's Current Market Status

• Currently trading with a volume of 3,611,515, the AMAT's price is up by 2.37%, now at $190.9.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 27 days.

Expert Opinions on Applied Mat

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $207.4.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Goldman Sachs has decided to maintain their Buy rating on Applied Mat, which currently sits at a price target of $202. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Applied Mat with a target price of $200. * An analyst from Mizuho has decided to maintain their Outperform rating on Applied Mat, which currently sits at a price target of $210. * An analyst from Keybanc has elevated its stance to Overweight, setting a new price target at $225. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Applied Mat with a target price of $200.

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.