Deep-pocketed investors have adopted a bearish approach towards KLA (NASDAQ:KLAC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in KLAC usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 123 extraordinary options activities for KLA. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 36% leaning bullish and 43% bearish. Among these notable options, 35 are puts, totaling $3,061,187, and 88 are calls, amounting to $16,155,840.

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 $590.0 and $2180.0 for KLA, spanning the last three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for KLA's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of KLA's whale trades within a strike price range from $590.0 to $2180.0 in the last 30 days.

KLA Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About KLA

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

KLA's Current Market Status

• Trading volume stands at 1,271,317, with KLAC's price down by -12.13%, positioned at $1540.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 89 days.

Expert Opinions on KLA

5 market experts have recently issued ratings for this stock, with a consensus target price of $1642.0.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.