Behind the Scenes of Applied Mat's Latest Options Trends

Deep-pocketed investors have adopted a bearish 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 19 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 42% leaning bullish and 57% bearish. Among these notable options, 7 are puts, totaling $892,680, and 12 are calls, amounting to $756,983.

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 $155.0 to $250.0 for Applied Mat over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Applied Mat's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Applied Mat's significant trades, within a strike price range of $155.0 to $250.0, over the past month.

Applied Mat 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Where Is Applied Mat Standing Right Now?

• Trading volume stands at 1,647,439, with AMAT's price down by -0.21%, positioned at $199.32.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 83 days.

What The Experts Say On Applied Mat

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $209.0.

• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Applied Mat with a target price of $190.
• An analyst from B. Riley Securities has revised its rating downward to Buy, adjusting the price target to $250.
• An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $180.
• Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Applied Mat with a target price of $185.
• Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Applied Mat, targeting a price of $240.

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 Applied Mat options trades with real-time alerts from Benzinga Pro.