Deep-pocketed investors have adopted a bullish approach towards KLA KLAC, 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 KLAC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for KLA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 0% bearish. Among these notable options, 2 are puts, totaling $508,825, and 6 are calls, amounting to $212,635.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $470.0 and $860.0 for KLA, 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 KLA'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 KLA's whale trades within a strike price range from $470.0 to $860.0 in the last 30 days.
KLA Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | TRADE | NEUTRAL | 08/16/24 | $55.6 | $50.8 | $53.58 | $840.00 | $267.9K | 50 | 0 |
| KLAC | PUT | SWEEP | BULLISH | 08/16/24 | $49.5 | $48.3 | $48.3 | $830.00 | $240.9K | 50 | 0 |
| KLAC | CALL | TRADE | BULLISH | 09/20/24 | $111.0 | $108.8 | $111.0 | $750.00 | $55.5K | 91 | 0 |
| KLAC | CALL | TRADE | NEUTRAL | 01/17/25 | $374.0 | $366.9 | $371.0 | $470.00 | $37.1K | 68 | 0 |
| KLAC | CALL | TRADE | NEUTRAL | 01/17/25 | $106.3 | $101.7 | $104.0 | $820.00 | $31.2K | 53 | 1 |
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.
In light of the recent options history for KLA, it's now appropriate to focus on the company itself. We aim to explore its current performance.
KLA's Current Market Status
- Trading volume stands at 257,165, with KLAC's price up by 0.02%, positioned at $828.0.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 42 days.
What The Experts Say On KLA
2 market experts have recently issued ratings for this stock, with a consensus target price of $820.0.
- An analyst from Barclays upgraded its action to Equal-Weight with a price target of $765.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for KLA, targeting a price of $875.
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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