Investors with a lot of money to spend have taken a bullish stance on Lam Research LRCX.
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 LRCX, 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 24 uncommon options trades for Lam Research.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $695,325, and 15 are calls, for a total amount of $760,020.
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 $460.0 and $960.0 for Lam Research, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lam Research's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lam Research's significant trades, within a strike price range of $460.0 to $960.0, over the past month.
Lam Research 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 |
|---|---|---|---|---|---|---|---|---|
| LRCX | PUT | SWEEP | BULLISH | 01/17/25 | $680.00 | $210.4K | 219 | 205 |
| LRCX | PUT | TRADE | BULLISH | 01/17/25 | $680.00 | $104.9K | 219 | 218 |
| LRCX | CALL | SWEEP | BULLISH | 03/15/24 | $500.00 | $101.5K | 15 | 5 |
| LRCX | CALL | SWEEP | NEUTRAL | 03/15/24 | $655.00 | $91.4K | 13 | 14 |
| LRCX | PUT | TRADE | BEARISH | 01/17/25 | $680.00 | $88.7K | 219 | 229 |
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.
Present Market Standing of Lam Research
- With a volume of 362,596, the price of LRCX is up 0.59% at $699.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 70 days.
Professional Analyst Ratings for Lam Research
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $700.0.
- Consistent in their evaluation, an analyst from B. Riley Securities keeps a Neutral rating on Lam Research with a target price of $700.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Lam Research, targeting a price of $700.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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