Deep-pocketed investors have adopted a bullish approach towards Lam Research LRCX, 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 LRCX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Lam Research. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 47% bearish. Among these notable options, 6 are puts, totaling $475,055, and 17 are calls, amounting to $913,535.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $950.0 to $1500.0 for Lam Research over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Lam Research options trades today is 52.7 with a total volume of 413.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lam Research's big money trades within a strike price range of $950.0 to $1500.0 over the last 30 days.
Lam Research Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | PUT | SWEEP | BULLISH | 08/16/24 | $47.4 | $42.25 | $43.95 | $1045.00 | $228.5K | 12 | 17 |
| LRCX | CALL | SWEEP | BEARISH | 06/20/25 | $240.1 | $225.8 | $225.8 | $950.00 | $135.4K | 5 | 0 |
| LRCX | CALL | SWEEP | BEARISH | 08/16/24 | $36.5 | $35.15 | $35.3 | $1120.00 | $109.6K | 18 | 40 |
| LRCX | CALL | SWEEP | BEARISH | 06/20/25 | $240.0 | $225.8 | $225.8 | $950.00 | $90.3K | 5 | 0 |
| LRCX | CALL | SWEEP | BEARISH | 08/16/24 | $38.35 | $36.8 | $37.2 | $1120.00 | $78.1K | 18 | 17 |
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
- Currently trading with a volume of 159,494, the LRCX's price is down by -0.33%, now at $1057.16.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 22 days.
What Analysts Are Saying About Lam Research
4 market experts have recently issued ratings for this stock, with a consensus target price of $1096.25.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Lam Research with a target price of $1060.
- Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Lam Research, targeting a price of $1325.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Lam Research, targeting a price of $900.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Lam Research, targeting a price of $1100.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lam Research, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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