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Deep-pocketed investors have adopted a bearish approach towards Lam Research (NASDAQ: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 10 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 40% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $149,265, and 6 are calls, amounting to $277,850.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $870.0 to $970.0 for Lam Research over the last 3 months.
In today's trading context, the average open interest for options of Lam Research stands at 50.3, with a total volume reaching 87.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lam Research, situated within the strike price corridor from $870.0 to $970.0, throughout the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | CALL | TRADE | BEARISH | 01/17/25 | $165.8 | $160.0 | $160.0 | $900.00 | $80.0K | 159 | 5 |
| LRCX | PUT | TRADE | BULLISH | 09/20/24 | $65.55 | $64.9 | $64.9 | $960.00 | $58.4K | 22 | 9 |
| LRCX | CALL | TRADE | BEARISH | 07/19/24 | $49.0 | $48.0 | $48.0 | $960.00 | $48.0K | 56 | 0 |
| LRCX | CALL | TRADE | BEARISH | 01/16/26 | $226.4 | $204.5 | $210.25 | $960.00 | $42.0K | 88 | 0 |
| LRCX | CALL | TRADE | BEARISH | 09/20/24 | $83.1 | $82.6 | $82.6 | $960.00 | $41.3K | 82 | 0 |
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.
Following our analysis of the options activities associated with Lam Research, we pivot to a closer look at the company's own performance.
In the last month, 1 experts released ratings on this stock with an average target price of $1100.0.
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.
Posted In: LRCX
