Whales with a lot of money to spend have taken a noticeably bullish stance on Lam Research.
Looking at options history for Lam Research LRCX we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $305,097 and 7, calls, for a total amount of $618,761.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $460.0 to $800.0 for Lam Research over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lam Research's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lam Research's substantial trades, within a strike price spectrum from $460.0 to $800.0 over the preceding 30 days.
Lam Research 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | CALL | SWEEP | BEARISH | 02/16/24 | $790.00 | $259.4K | 24 | 69 |
| LRCX | PUT | TRADE | BULLISH | 02/16/24 | $785.00 | $108.8K | 1 | 27 |
| LRCX | CALL | SWEEP | BULLISH | 01/19/24 | $460.00 | $94.9K | 106 | 3 |
| LRCX | CALL | SWEEP | BULLISH | 12/22/23 | $790.00 | $79.2K | 336 | 4 |
| LRCX | PUT | TRADE | BULLISH | 01/19/24 | $770.00 | $63.5K | 83 | 0 |
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.
Having examined the options trading patterns of Lam Research, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Lam Research Standing Right Now?
- Trading volume stands at 210,735, with LRCX's price down by -1.04%, positioned at $772.92.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 35 days.
Professional Analyst Ratings for Lam Research
In the last month, 2 experts released ratings on this stock with an average target price of $760.0.
- In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Buy, setting a price target of $800.
- In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $720.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lam Research with Benzinga Pro for real-time alerts.
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