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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $244,882 and 3, calls, for a total amount of $213,555.
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 $600.0 and $775.0 for Lam Research, spanning the last three 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 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 $600.0 to $775.0 in the last 30 days.
Lam Research Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | CALL | TRADE | BEARISH | 03/15/24 | $600.00 | $151.9K | 67 | 10 |
| LRCX | PUT | SWEEP | BULLISH | 01/26/24 | $745.00 | $80.2K | 26 | 14 |
| LRCX | PUT | SWEEP | NEUTRAL | 01/26/24 | $700.00 | $59.0K | 59 | 2 |
| LRCX | PUT | TRADE | BULLISH | 02/02/24 | $747.50 | $52.0K | 0 | 21 |
| LRCX | CALL | SWEEP | BULLISH | 03/15/24 | $775.00 | $31.1K | 70 | 20 |
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.
Present Market Standing of Lam Research
- With a volume of 303,254, the price of LRCX is down -1.44% at $750.17.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 7 days.
Expert Opinions on Lam Research
2 market experts have recently issued ratings for this stock, with a consensus target price of $800.0.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Lam Research, targeting a price of $850.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Lam Research, which currently sits at a price target of $750.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lam Research options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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