A whale with a lot of money to spend has taken a noticeably bearish stance on KLA.
Looking at options history for KLA KLAC we detected 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $486,652 and 8, calls, for a total amount of $272,690.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $560.0 for KLA over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for KLA'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 KLA's whale trades within a strike price range from $200.0 to $560.0 in the last 30 days.
KLA Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | SWEEP | BULLISH | 01/19/24 | $420.00 | $77.2K | 133 | 26 |
| KLAC | PUT | TRADE | BEARISH | 06/21/24 | $500.00 | $56.8K | 0 | 0 |
| KLAC | PUT | TRADE | BEARISH | 06/21/24 | $490.00 | $52.7K | 0 | 7 |
| KLAC | PUT | TRADE | NEUTRAL | 06/21/24 | $480.00 | $49.0K | 20 | 7 |
| KLAC | CALL | TRADE | BULLISH | 01/19/24 | $400.00 | $46.0K | 78 | 5 |
Where Is KLA Standing Right Now?
- With a volume of 1,009,475, the price of KLAC is down 0.0% at $458.05.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 52 days.
What The Experts Say On KLA:
- Wells Fargo has decided to maintain their Overweight rating on KLA, which currently sits at a price target of $500.
- UBS has decided to maintain their Neutral rating on KLA, which currently sits at a price target of $475.
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 KLA, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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