Behind the Scenes of Applied Mat's Latest Options Trends

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 37% bullish and 37%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $216,602, and 5 are calls, for a total amount of $180,275.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $180.0 and $230.0 for Applied Mat, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Applied Mat stands at 755.0, with a total volume reaching 1,538.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Mat, situated within the strike price corridor from $180.0 to $230.0, throughout the last 30 days.

Applied Mat 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMAT PUT TRADE BEARISH 07/19/24 $3.15 $3.0 $3.1 $195.00 $155.0K 1.3K 516
AMAT CALL TRADE BEARISH 07/19/24 $24.25 $23.5 $23.5 $190.00 $47.0K 250 20
AMAT CALL SWEEP BULLISH 10/18/24 $11.5 $11.4 $11.5 $230.00 $43.6K 1.0K 140
AMAT PUT SWEEP BULLISH 07/19/24 $3.4 $3.3 $3.3 $195.00 $33.0K 1.3K 619
AMAT CALL TRADE NEUTRAL 06/28/24 $32.65 $31.85 $32.28 $180.00 $32.2K 2 10

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.

Present Market Standing of Applied Mat

  • Currently trading with a volume of 1,229,567, the AMAT's price is down by -0.28%, now at $213.6.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 72 days.

Expert Opinions on Applied Mat

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $228.0.

  • Reflecting concerns, an analyst from Jefferies lowers its rating to Hold with a new price target of $210.
  • Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Applied Mat, targeting a price of $250.
  • Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Applied Mat with a target price of $240.
  • An analyst from Susquehanna has decided to maintain their Neutral rating on Applied Mat, which currently sits at a price target of $185.
  • Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Applied Mat, targeting a price of $255.

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
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Posted In: OptionsMarketsBZI-UOA
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