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 positions 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.
Today, Benzinga's options scanner spotted 8 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 options we uncovered, there was 1 put, for a total amount of $31,018, and 7, calls, for a total amount of $333,094.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $660.0 for KLA, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in KLA's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to KLA's substantial trades, within a strike price spectrum from $500.0 to $660.0 over the preceding 30 days.
KLA 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 |
|---|---|---|---|---|---|---|---|---|
| KLAC | CALL | SWEEP | BEARISH | 02/16/24 | $550.00 | $67.8K | 135 | 26 |
| KLAC | CALL | TRADE | BEARISH | 02/16/24 | $560.00 | $59.8K | 62 | 26 |
| KLAC | CALL | SWEEP | BULLISH | 01/17/25 | $660.00 | $59.5K | 152 | 17 |
| KLAC | CALL | TRADE | BULLISH | 01/19/24 | $500.00 | $42.8K | 280 | 7 |
| KLAC | CALL | SWEEP | BEARISH | 06/21/24 | $640.00 | $39.9K | 92 | 2 |
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.
Present Market Standing of KLA
- Currently trading with a volume of 177,194, the KLAC's price is down by -0.33%, now at $560.29.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 13 days.
What The Experts Say On KLA
In the last month, 1 experts released ratings on this stock with an average target price of $730.0.
- Reflecting concerns, an analyst from New Street Research lowers its rating to Buy with a new price target of $730.
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 KLA with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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