Spotlight on Lam Research: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on Lam Research.

Looking at options history for Lam Research LRCX we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $227,725 and 8, calls, for a total amount of $448,469.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $640.0 to $925.0 for Lam Research during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lam Research's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lam Research's significant trades, within a strike price range of $640.0 to $925.0, over the past month.

Lam Research 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
LRCX CALL TRADE NEUTRAL 05/31/24 $29.55 $28.0 $28.8 $920.00 $144.0K 0 0
LRCX CALL SWEEP BEARISH 05/31/24 $30.0 $28.05 $30.0 $920.00 $105.0K 0 65
LRCX PUT SWEEP BULLISH 07/19/24 $53.9 $51.0 $51.0 $910.00 $76.5K 57 0
LRCX PUT TRADE NEUTRAL 09/20/24 $38.75 $37.05 $38.0 $825.00 $53.2K 95 30
LRCX CALL TRADE BULLISH 05/31/24 $30.0 $29.4 $30.0 $920.00 $45.0K 0 50

About Lam Research

Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear cut second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

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

Present Market Standing of Lam Research

  • Currently trading with a volume of 113,847, the LRCX's price is up by 2.14%, now at $902.55.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 82 days.

What The Experts Say On Lam Research

In the last month, 5 experts released ratings on this stock with an average target price of $1008.0.

  • An analyst from JP Morgan persists with their Overweight rating on Lam Research, maintaining a target price of $950.
  • Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Lam Research with a target price of $1025.
  • Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Lam Research with a target price of $865.
  • An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $1100.
  • An analyst from Cantor Fitzgerald has decided to maintain their Neutral rating on Lam Research, which currently sits at a price target of $1100.

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 Lam Research options trades with real-time alerts from Benzinga Pro.

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Posted In: OptionsMarketsBZI-UOA
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