Investors with a lot of money to spend have taken a bullish stance on Lam Research LRCX.
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 LRCX, 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 13 uncommon options trades for Lam Research.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 46%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $120,250, and 10 are calls, for a total amount of $717,135.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $88.0 for Lam Research over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lam Research's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lam Research's substantial trades, within a strike price spectrum from $60.0 to $88.0 over the preceding 30 days.
Lam Research Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | CALL | TRADE | BULLISH | 01/17/25 | $4.5 | $4.35 | $4.45 | $76.00 | $222.5K | 2.2K | 1.0K |
| LRCX | CALL | TRADE | BEARISH | 01/17/25 | $4.6 | $4.45 | $4.45 | $76.00 | $167.7K | 2.2K | 502 |
| LRCX | CALL | SWEEP | BULLISH | 12/20/24 | $16.8 | $16.25 | $16.8 | $60.00 | $84.0K | 80 | 50 |
| LRCX | PUT | TRADE | BULLISH | 03/21/25 | $13.4 | $13.3 | $13.3 | $88.00 | $46.5K | 964 | 43 |
| LRCX | CALL | TRADE | BEARISH | 12/20/24 | $0.73 | $0.69 | $0.7 | $80.00 | $45.0K | 7.7K | 1.5K |
About Lam Research
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in 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 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.
After a thorough review of the options trading surrounding Lam Research, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Lam Research Standing Right Now?
- Trading volume stands at 2,214,827, with LRCX's price down by 0.0%, positioned at $76.26.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 37 days.
Expert Opinions on Lam Research
3 market experts have recently issued ratings for this stock, with a consensus target price of $82.0.
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. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Lam Research, targeting a price of $78. * Consistent in their evaluation, an analyst from Bernstein keeps a Market Perform rating on Lam Research with a target price of $85. * An analyst from Wells Fargo persists with their Equal-Weight rating on Lam Research, maintaining a target price of $83.
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 Lam Research with Benzinga Pro for real-time alerts.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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