Check Out What Whales Are Doing With AMAT

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 8 uncommon options trades for Applied Mat.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $73,120, and 6 are calls, for a total amount of $396,290.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $250.0 for Applied Mat during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Applied Mat's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Applied Mat's substantial trades, within a strike price spectrum from $110.0 to $250.0 over the preceding 30 days.

Applied Mat 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMAT CALL SWEEP BULLISH 01/17/25 $18.0 $17.75 $18.0 $250.00 $90.0K 244 50
AMAT CALL SWEEP BULLISH 01/17/25 $18.0 $17.7 $17.92 $250.00 $89.5K 244 100
AMAT CALL SWEEP BEARISH 01/17/25 $17.4 $17.1 $17.15 $250.00 $85.8K 244 110
AMAT CALL SWEEP BULLISH 05/17/24 $13.3 $12.85 $13.3 $210.00 $53.2K 2.2K 34
AMAT CALL TRADE BULLISH 05/17/24 $104.65 $103.1 $104.65 $110.00 $41.8K 67 0

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.

In light of the recent options history for Applied Mat, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Applied Mat

  • Currently trading with a volume of 1,205,415, the AMAT's price is up by 1.57%, now at $211.12.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 31 days.

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.

  • In a positive move, an analyst from Cantor Fitzgerald has upgraded their rating to Overweight and adjusted the price target to $260.

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.

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