Whales with a lot of money to spend have taken a noticeably bearish stance on KLA.
Looking at options history for KLA KLAC we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $333,516 and 2, calls, for a total amount of $71,015.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $600.0 to $720.0 for KLA over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of KLA stands at 71.67, with a total volume reaching 16.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in KLA, situated within the strike price corridor from $600.0 to $720.0, throughout the last 30 days.
KLA 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | TRADE | NEUTRAL | 05/17/24 | $45.6 | $44.3 | $44.94 | $680.00 | $89.8K | 60 | 0 |
| KLAC | PUT | TRADE | NEUTRAL | 04/26/24 | $68.5 | $64.1 | $66.3 | $720.00 | $59.6K | 3 | 9 |
| KLAC | PUT | SWEEP | BEARISH | 09/20/24 | $46.8 | $44.8 | $46.8 | $630.00 | $51.4K | 36 | 1 |
| KLAC | PUT | TRADE | NEUTRAL | 01/16/26 | $82.0 | $77.7 | $80.25 | $600.00 | $40.1K | 15 | 0 |
| KLAC | CALL | TRADE | BULLISH | 06/21/24 | $38.0 | $37.8 | $38.0 | $660.00 | $38.0K | 160 | 0 |
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.
KLA's Current Market Status
- With a volume of 334,142, the price of KLAC is down -0.47% at $655.89.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 7 days.
What The Experts Say On KLA
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $745.0.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for KLA, targeting a price of $760.
- An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $685.
- Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $800.
- An analyst from Susquehanna has decided to maintain their Neutral rating on KLA, which currently sits at a price target of $675.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on KLA with a target price of $805.
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.
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