Whales with a lot of money to spend have taken a noticeably bearish stance on Lam Research.
Looking at options history for Lam Research LRCX we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $446,019 and 7, calls, for a total amount of $318,380.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $1260.0 for Lam Research over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Lam Research stands at 84.25, with a total volume reaching 216.00. 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 $300.0 to $1260.0, throughout 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 | PUT | TRADE | BEARISH | 01/16/26 | $700.00 | $85.8K | 24 | 11 |
| LRCX | PUT | TRADE | BULLISH | 06/20/25 | $730.00 | $79.7K | 11 | 11 |
| LRCX | CALL | TRADE | BEARISH | 02/16/24 | $890.00 | $72.2K | 525 | 54 |
| LRCX | PUT | TRADE | BULLISH | 12/20/24 | $860.00 | $72.1K | 1 | 7 |
| LRCX | CALL | TRADE | NEUTRAL | 03/15/24 | $300.00 | $54.9K | 2 | 1 |
About Lam Research
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.
After a thorough review of the options trading surrounding Lam Research, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Lam Research Standing Right Now?
- With a volume of 402,445, the price of LRCX is down -1.79% at $850.1.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 82 days.
Professional Analyst Ratings for Lam Research
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $895.0.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Lam Research, which currently sits at a price target of $825.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Lam Research with a target price of $950.
- An analyst from Raymond James persists with their Outperform rating on Lam Research, maintaining a target price of $850.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Lam Research with a target price of $950.
- An analyst from Needham has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $900.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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