Financial giants have made a conspicuous bearish move on KLA. Our analysis of options history for KLA KLAC revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $59,570, and 9 were calls, valued at $475,268.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $750.0 for KLA over the recent three months.
Volume & Open Interest Trends
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 KLA'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 KLA's whale activity within a strike price range from $400.0 to $750.0 in the last 30 days.
KLA Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| KLAC | CALL | SWEEP | NEUTRAL | 09/20/24 | $750.00 | $98.4K | 23 | 20 |
| KLAC | CALL | SWEEP | BEARISH | 06/21/24 | $700.00 | $93.6K | 215 | 26 |
| KLAC | CALL | SWEEP | BEARISH | 03/15/24 | $660.00 | $59.8K | 342 | 27 |
| KLAC | CALL | TRADE | BULLISH | 01/17/25 | $560.00 | $51.2K | 95 | 4 |
| KLAC | CALL | TRADE | BEARISH | 03/28/24 | $670.00 | $43.4K | 7 | 14 |
About KLA
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
Following our analysis of the options activities associated with KLA, we pivot to a closer look at the company's own performance.
Where Is KLA Standing Right Now?
- With a volume of 424,219, the price of KLAC is up 2.27% at $667.16.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 68 days.
Expert Opinions on KLA
In the last month, 5 experts released ratings on this stock with an average target price of $641.0.
- An analyst from Wells Fargo persists with their Overweight rating on KLA, maintaining a target price of $705.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $625.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $625.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $625.
- An analyst from Raymond James persists with their Outperform rating on KLA, maintaining a target price of $625.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest KLA options trades with real-time alerts from Benzinga Pro.
© 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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