Whales with plenty of cash at their disposal are noticeably bullish on Lam Research.
Looking at the options history for Lam Research LRCX, we found 20 trades.
Considering the details of each trade, it is accurate to say that 30% of investors entered the trade with bullish expectations and 30% entered the trade with bearish expectations.
The total spot trades included 11 puts totaling $839,807 and nine calls totaling $435,145.
What is the target price?
After evaluating trading volume and open interest, it is clear that major market movers have been paying attention to Lam Research’s $40.0 to $99.0 price range over the past three months.
Trends in trading volume and open interest
Looking at volume and open interest is an insightful way to perform due diligence on a stock.
This data helps track the liquidity and interest rates of Lam Research options for a given strike price.
Below, you can observe the evolution of call and put volume and open interest, respectively, for all Lam Research whale activity within the strike price range of $40.0 to $99.0 over the past 30 days.
Lam Research Options Activity Analysis: Last 30 Days
Significant option trade detected:
Symbol PUT/CALL Trade Type Sentiment Index Date Ask/Bid Price Strike Price Total Trade Price Open Interest Volume LRCX Put Sweep Bearish 11/15/24 $8.8 $8.75 $8.75 $88.50 $163.6K 0 202 LRCX Put Trade Bullish 11/15/24 $5.3 $2.9 $3.84 $80.00 $145.9K 1.9K LRCX Put Sweep Bearish 11/15/24 $9.65 $9.55 $9.65 $90.50 $114.8K 9 120 LRCX Call Sweep Bullish 11/15/24 $7.4 $7.3 $7.4 $78.50 89.5K 90 234 LRCX Put Trade Neutral 11/15/ 24 $2.68 $ 1.5 $2.09 $75.00 $79.4K 629 380
About Lam Research
Lam Research is one of the world’s largest manufacturers of semiconductor wafer manufacturing equipment. It specializes in deposition and etching, which builds layers onto semiconductors and then selectively removes patterns from each layer. Lam holds the top market share in the etching sector and a clear second place share in the deposition sector. More exposure to memory chip manufacturers for DRAM and NAND chips. The company counts some of the world’s largest chip makers such as TSMC, Samsung, Intel, and Micron among its top customers.
After thoroughly examining the options trading surrounding Lam Research, we move on to examine the company in more detail. This includes evaluating current market conditions and performance.
Lam Research’s current market position
With a volume of 2,458,028, LRCX price is down -0.42% at $82.52. The RSI indicator suggests that the underlying stock may be approaching overbought status. The next financial results are expected to be announced within 13 days.
What analysts are saying about Lam Research
Last month, 5 experts issued their ratings for this stock, with an average price target of $950.8.
Turn $1000 into $1270 in just 20 days?
A 20-year professional options trader shares his single-line charting technique to show you when to buy and sell. Imitate his trades, which averaged a profit of 27% every 20 days. Click here for access. –Wells Fargo analysts maintain their stance, setting a $880 price tag on Lam Research’s stock and maintaining an equal weight rating. *Morgan Stanley analysts have decided to maintain an equal weight rating on Lam Research, and the price target is currently set at $774. *Mizuho analysts maintain Lam Research’s Outperform rating and $950 price target, consistent with that assessment. *Consistent with that assessment, UBS analysts rate Lam Research as a “buy” and set a price target of $1,150. – Cantor Fitzgerald analysts have decided to maintain a Neutral rating on Lam Research, which currently has a $1,000 price target.
Options trading involves high risk, but also the potential for higher profits. Smart traders mitigate these risks by continuing to educate themselves, make strategic trading adjustments, utilize a variety of indicators, and stay responsive to market trends. Stay on top of the latest options trades from Lam Research with Benzinga Pro with real-time alerts.
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