Decoding Applied Mat's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Applied Mat AMAT.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMAT, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 15 uncommon options trades for Applied Mat.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $168,410, and 12 are calls, for a total amount of $639,280.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $155.0 to $310.0 for Applied Mat during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Applied Mat options trades today is 1039.83 with a total volume of 3,143.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Applied Mat's big money trades within a strike price range of $155.0 to $310.0 over the last 30 days.

Applied Mat 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMAT CALL TRADE BULLISH 01/17/25 $65.6 $64.2 $65.2 $155.00 $195.6K 486 0
AMAT CALL TRADE BULLISH 04/19/24 $4.6 $4.45 $4.6 $210.00 $101.1K 3.7K 285
AMAT PUT SWEEP BULLISH 05/10/24 $8.45 $8.3 $8.3 $210.00 $99.6K 16 134
AMAT CALL TRADE BULLISH 09/20/24 $29.85 $29.85 $29.85 $200.00 $59.7K 440 42
AMAT CALL TRADE BULLISH 04/19/24 $4.05 $4.0 $4.05 $212.50 $36.4K 820 462

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.

Current Position of Applied Mat

  • With a trading volume of 4,236,743, the price of AMAT is up by 1.78%, reaching $212.98.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 35 days from now.

Professional Analyst Ratings for Applied Mat

In the last month, 1 experts released ratings on this stock with an average target price of $260.0.

  • An analyst from Cantor Fitzgerald upgraded its action to Overweight with a price target of $260.

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 Applied Mat, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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