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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $263,705 and 4, calls, for a total amount of $157,460.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $880.0 for Lam Research over the recent three 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 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 trades within a strike price range from $400.0 to $880.0 in the last 30 days.
Lam Research Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | PUT | SWEEP | BEARISH | 01/17/25 | $880.00 | $58.5K | 1 | 14 |
| LRCX | CALL | TRADE | BULLISH | 12/15/23 | $695.00 | $55.0K | 154 | 20 |
| LRCX | PUT | SWEEP | NEUTRAL | 03/15/24 | $665.00 | $38.6K | 24 | 18 |
| LRCX | PUT | TRADE | BULLISH | 01/19/24 | $720.00 | $35.9K | 443 | 20 |
| LRCX | PUT | TRADE | BULLISH | 01/19/24 | $720.00 | $35.6K | 443 | 10 |
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.
Lam Research's Current Market Status
- With a trading volume of 490,597, the price of LRCX is down by -1.0%, reaching $714.86.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 51 days from now.
What The Experts Say On Lam Research
1 market experts have recently issued ratings for this stock, with a consensus target price of $800.0.
- Reflecting concerns, an analyst from Redburn Atlantic lowers its rating to Buy with a new price target of $800.
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 Lam Research, 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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