A Closer Look at Lam Research's Options Market Dynamics

High-rolling investors have positioned themselves bullish on Lam Research LRCX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LRCX often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 15 options trades for Lam Research. This is not a typical pattern.

The sentiment among these major traders is split, with 46% bullish and 20% bearish. Among all the options we identified, there was one put, amounting to $34,125, and 14 calls, totaling $569,523.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $810.0 to $1100.0 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 122.14 with a total volume of 10,582.00.

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 $810.0 to $1100.0 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 TRADE NEUTRAL 08/16/24 $285.8 $273.8 $279.83 $810.00 $83.9K 0 0
LRCX CALL TRADE BULLISH 06/21/24 $118.45 $111.0 $116.77 $965.00 $58.3K 32 1
LRCX CALL SWEEP BEARISH 09/20/24 $120.55 $110.2 $110.15 $1020.00 $55.0K 64 0
LRCX CALL SWEEP BULLISH 06/21/24 $6.5 $6.35 $6.45 $1100.00 $47.7K 655 666
LRCX CALL SWEEP NEUTRAL 06/21/24 $9.8 $8.95 $8.95 $1100.00 $42.8K 655 1.3K

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 30,143, the LRCX's price is down by -0.15%, now at $1070.1.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 36 days.

What Analysts Are Saying About Lam Research

3 market experts have recently issued ratings for this stock, with a consensus target price of $1020.0.

  • Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Lam Research, targeting a price of $900.
  • Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Lam Research, targeting a price of $1060.
  • Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Lam Research with a target price 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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