Market Whales and Their Recent Bets on LRCX Options

Investors with a lot of money to spend have taken a bearish stance on Lam Research LRCX.

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 LRCX, 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 10 uncommon options trades for Lam Research.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 40%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $142,576, and 6 are calls, for a total amount of $647,682.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $735.0 to $1000.0 for Lam Research over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Lam Research options trades today is 91.89 with a total volume of 428.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Lam Research's big money trades within a strike price range of $735.0 to $1000.0 over the last 30 days.

Lam Research Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
LRCX CALL SWEEP NEUTRAL 06/07/24 $17.4 $15.2 $16.7 $920.00 $493.6K 38 309
LRCX PUT SWEEP NEUTRAL 06/21/24 $75.9 $68.4 $71.6 $1000.00 $50.4K 35 0
LRCX CALL TRADE BEARISH 06/21/24 $193.6 $187.6 $187.6 $735.00 $37.5K 184 2
LRCX PUT SWEEP BULLISH 07/19/24 $51.35 $48.6 $48.6 $950.00 $34.3K 86 0
LRCX CALL TRADE NEUTRAL 06/28/24 $18.65 $17.8 $18.2 $955.00 $32.7K 31 54

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.

Having examined the options trading patterns of Lam Research, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Lam Research's Current Market Status

  • Currently trading with a volume of 101,170, the LRCX's price is down by -1.07%, now at $925.63.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 50 days.

Expert Opinions on Lam Research

In the last month, 1 experts released ratings on this stock with an average target price of $1100.0.

  • In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting 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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!