Investors with a lot of money to spend have taken a bearish 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 9 uncommon options trades for Applied Mat.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $181,446, and 6 are calls, for a total amount of $361,950.
What's The Price Target?
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 $180.0 for Applied Mat during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Applied Mat stands at 1103.0, with a total volume reaching 376.00. 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 $180.0, throughout the last 30 days.
Applied Mat Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMAT | CALL | SWEEP | BULLISH | 07/19/24 | $165.00 | $151.9K | 91 | 162 |
| AMAT | PUT | TRADE | BEARISH | 09/20/24 | $160.00 | $84.0K | 50 | 42 |
| AMAT | CALL | TRADE | BULLISH | 01/17/25 | $160.00 | $71.4K | 1.0K | 52 |
| AMAT | PUT | SWEEP | BEARISH | 09/20/24 | $135.00 | $52.2K | 396 | 0 |
| AMAT | CALL | TRADE | BULLISH | 01/16/26 | $150.00 | $49.7K | 86 | 0 |
About Applied Mat
Applied Materials 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.
Current Position of Applied Mat
- With a volume of 2,487,507, the price of AMAT is down -1.2% at $149.64.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 42 days.
What Analysts Are Saying About Applied Mat
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $185.0.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for Applied Mat, targeting a price of $185.
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.
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