Investors with a lot of money to spend have taken a bearish stance on KLA KLAC.
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 KLAC, 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 8 uncommon options trades for KLA.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $162,500, and 4 are calls, for a total amount of $139,320.
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 $560.0 to $640.0 for KLA over the last 3 months.
Volume & Open Interest Trends
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 $560.0 to $640.0 in the last 30 days.
KLA 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 |
|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | TRADE | BULLISH | 02/16/24 | $560.00 | $63.4K | 59 | 26 |
| KLAC | CALL | SWEEP | BEARISH | 01/17/25 | $620.00 | $46.1K | 53 | 20 |
| KLAC | PUT | SWEEP | NEUTRAL | 01/17/25 | $600.00 | $35.8K | 40 | 15 |
| KLAC | PUT | SWEEP | NEUTRAL | 01/17/25 | $600.00 | $35.8K | 40 | 7 |
| KLAC | CALL | TRADE | BULLISH | 03/15/24 | $600.00 | $33.7K | 232 | 25 |
About KLA
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
After a thorough review of the options trading surrounding KLA, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of KLA
- With a volume of 162,029, the price of KLAC is down -0.51% at $553.24.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 14 days.
Expert Opinions on KLA
1 market experts have recently issued ratings for this stock, with a consensus target price of $730.0.
- An analyst from New Street Research has revised its rating downward to Buy, adjusting the price target to $730.
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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