Applied Mat's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Applied Mat. Our analysis of options history for Applied Mat AMAT revealed 27 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $233,146, and 21 were calls, valued at $3,063,746.

Latest Startup Investment Opportunities:

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $280.0 for Applied Mat over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Applied Mat stands at 421.75, with a total volume reaching 7,063.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Mat, situated within the strike price corridor from $150.0 to $280.0, throughout the last 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Applied Mat

Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

Present Market Standing of Applied Mat

• Trading volume stands at 1,875,498, with AMAT's price up by 1.54%, positioned at $201.7.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 59 days.

What The Experts Say On Applied Mat

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $227.0.

• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Applied Mat, targeting a price of $220.
• Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Applied Mat with a target price of $240.
• An analyst from UBS persists with their Neutral rating on Applied Mat, maintaining a target price of $235.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $220.
• Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $220.

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 Applied Mat options trades with real-time alerts from Benzinga Pro.