Applied Mat Unusual Options Activity For November 27

Deep-pocketed investors have adopted a bullish approach towards Applied Mat AMAT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMAT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Applied Mat. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 64% leaning bullish and 35% bearish. Among these notable options, 3 are puts, totaling $150,628, and 14 are calls, amounting to $899,146.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $160.0 for Applied Mat over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Applied Mat'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 Applied Mat's whale activity within a strike price range from $100.0 to $160.0 in the last 30 days.

Applied Mat Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Current Position of Applied Mat

• Trading volume stands at 1,550,610, with AMAT's price up by 0.59%, positioned at $151.23.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 80 days.

Professional Analyst Ratings for Applied Mat

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $166.8.

• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Applied Mat, which currently sits at a price target of $142.
• An analyst from Redburn Atlantic has elevated its stance to Buy, setting a new price target at $175.
• Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $180.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Applied Mat, targeting a price of $170.
• An analyst from Mizuho has decided to maintain their Buy rating on Applied Mat, which currently sits at a price target of $167.

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 Applied Mat with Benzinga Pro for real-time alerts.