Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Someone with a lot of money to spend has taken a bearish stance on Lam Research (NASDAQ:LRCX).
And retail traders should know.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, 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 this whale just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for Lam Research.
This isn't normal.
The overall sentiment of these big-money traders is split between 47.06% bullish and 52.94%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $254,375.00, and 12 are calls, for a total amount of $5,631,725.00.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $715.0 for Lam Research over the last 3 months.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lam Research'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 Lam Research's whale activity within a strike price range from $500.0 to $715.0 in the last 30 days.
Lam Research Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | CALL | TRADE | BULLISH | 12/17/21 | $560.00 | $1.5M | 1.2K | 3.2K |
| LRCX | CALL | TRADE | BEARISH | 12/17/21 | $550.00 | $1.3M | 1.0K | 2.7K |
| LRCX | CALL | TRADE | NEUTRAL | 12/17/21 | $585.00 | $725.2K | 692 | 1.8K |
| LRCX | CALL | TRADE | NEUTRAL | 12/17/21 | $540.00 | $585.0K | 387 | 1.0K |
| LRCX | CALL | TRADE | BULLISH | 12/17/21 | $570.00 | $355.0K | 280 | 811 |
Where Is Lam Research Standing Right Now?
- With a volume of 581,909.00, the price of LRCX is down -2.49% at $688.4.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 44 days.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.