Behind the Scenes of Applied Mat's Latest Options Trends

Investors with a lot of money to spend have taken a bullish stance on Applied Mat AMAT.

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 AMAT, 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 18 uncommon options trades for Applied Mat.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $117,490, and 16 are calls, for a total amount of $1,328,224.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $250.0 for Applied Mat during the past quarter.

Volume & Open Interest Development

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 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 trades within a strike price range from $125.0 to $250.0 in the last 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with Applied Mat, we pivot to a closer look at the company's own performance.

Applied Mat's Current Market Status

• Trading volume stands at 1,684,072, with AMAT's price down by -1.75%, positioned at $188.67.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 3 days.

What Analysts Are Saying About Applied Mat

1 market experts have recently issued ratings for this stock, with a consensus target price of $170.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Susquehanna has decided to maintain their Neutral rating on Applied Mat, which currently sits at a price target of $170.

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.