Applied Materials Whale Trades For July 25

Applied Materials Whale Trades For July 25

Someone with a lot of money to spend has taken a bullish stance on Applied Materials AMAT.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Applied Materials.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $642,037, and 5 are calls, for a total amount of $377,765.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $105.0 for Applied Materials over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Applied Materials'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 Applied Materials's whale activity within a strike price range from $50.0 to $105.0 in the last 30 days.

Applied Materials Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMAT PUT SWEEP BEARISH 09/16/22 $90.00 $405.5K 475 1.3K
AMAT PUT TRADE BULLISH 08/26/22 $83.00 $143.0K 10 1.3K
AMAT CALL TRADE BULLISH 10/21/22 $95.00 $120.0K 287 222
AMAT CALL SWEEP BULLISH 10/21/22 $95.00 $118.8K 287 100
AMAT CALL TRADE BULLISH 01/19/24 $50.00 $54.0K 16 10

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMAT PUT SWEEP BEARISH 09/16/22 $90.00 $405.5K 475 1.3K
AMAT PUT TRADE BULLISH 08/26/22 $83.00 $143.0K 10 1.3K
AMAT CALL TRADE BULLISH 10/21/22 $95.00 $120.0K 287 222
AMAT CALL SWEEP BULLISH 10/21/22 $95.00 $118.8K 287 100
AMAT CALL TRADE BULLISH 01/19/24 $50.00 $54.0K 16 10

Where Is Applied Materials Standing Right Now?

  • With a volume of 2,537,418, the price of AMAT is down -1.0% at $100.65.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 24 days.

What The Experts Say On Applied Materials:

  • Barclays has decided to maintain their Equal-Weight rating on Applied Materials, which currently sits at a price target of $95.
  • Deutsche Bank has decided to maintain their Buy rating on Applied Materials, which currently sits at a price target of $110.
  • Wells Fargo has decided to maintain their Overweight rating on Applied Materials, which currently sits at a price target of $110.
  • UBS has decided to maintain their Neutral rating on Applied Materials, which currently sits at a price target of $100.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Applied Materials, which currently sits at a price target of $115.

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 Materials, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets