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Deep-pocketed investors have adopted a bullish 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 26 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 30% leaning bullish and 30% bearish. Among these notable options, 15 are puts, totaling $2,094,863, and 11 are calls, amounting to $675,362.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $610.0 to $1000.0 for Lam Research during the past quarter.
In today's trading context, the average open interest for options of Lam Research stands at 97.68, with a total volume reaching 2,993.00. 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 $610.0 to $1000.0, 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 | PUT | TRADE | NEUTRAL | 06/21/24 | $21.8 | $20.95 | $21.4 | $890.00 | $1.4M | 799 | 2 |
| LRCX | CALL | TRADE | NEUTRAL | 06/07/24 | $149.15 | $140.8 | $144.97 | $760.00 | $86.9K | 0 | 0 |
| LRCX | CALL | TRADE | NEUTRAL | 05/31/24 | $151.6 | $137.1 | $144.35 | $760.00 | $86.6K | 10 | 0 |
| LRCX | CALL | SWEEP | BULLISH | 06/21/24 | $30.3 | $29.75 | $30.3 | $910.00 | $84.8K | 153 | 113 |
| LRCX | PUT | SWEEP | NEUTRAL | 06/28/24 | $8.1 | $6.6 | $7.45 | $820.00 | $79.6K | 2 | 110 |
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.
In light of the recent options history for Lam Research, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $1100.0.
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.
Posted In: LRCX
