27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Lam Research.
Looking at options history for Lam Research (NASDAQ:LRCX) we detected 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 89% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $595,640 and 8, calls, for a total amount of $476,038.
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 $420.0 to $540.0 for Lam Research over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $420.0 to $540.0 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 | 05/20/22 | $420.00 | $213.6K | 44 | 31 |
| LRCX | PUT | TRADE | BEARISH | 01/20/23 | $420.00 | $138.2K | 301 | 68 |
| LRCX | PUT | TRADE | BEARISH | 01/20/23 | $420.00 | $130.3K | 301 | 33 |
| LRCX | CALL | SWEEP | BEARISH | 05/20/22 | $500.00 | $51.8K | 1.0K | 264 |
| LRCX | CALL | TRADE | BEARISH | 06/17/22 | $540.00 | $47.3K | 134 | 50 |
Where Is Lam Research Standing Right Now?
- With a volume of 222,045, the price of LRCX is up 1.66% at $490.46.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 71 days.
What The Experts Say On Lam Research:
- Mizuho has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $675.
- B. Riley Securities has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $625.
- Barclays has decided to maintain their Overweight rating on Lam Research, which currently sits at a price target of $625.
- Morgan Stanley has decided to maintain their Overweight rating on Lam Research, which currently sits at a price target of $625.
- Piper Sandler has decided to maintain their Neutral rating on Lam Research, which currently sits at a price target of $596.
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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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