Deep-pocketed investors have adopted a bearish approach towards Applied Mat AMAT, 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 AMAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 65 extraordinary options activities for Applied Mat. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 18% leaning bullish and 81% bearish. Among these notable options, 26 are puts, totaling $1,806,310, and 39 are calls, amounting to $1,820,209.
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 $125.0 and $175.0 for Applied Mat, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Applied Mat stands at 1836.65, with a total volume reaching 26,308.00. 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 $125.0 to $175.0, throughout the last 30 days.
Applied Mat Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMAT | PUT | TRADE | BEARISH | 01/19/24 | $135.00 | $440.0K | 6.7K | 287 |
| AMAT | PUT | SWEEP | NEUTRAL | 06/21/24 | $160.00 | $104.8K | 129 | 0 |
| AMAT | PUT | SWEEP | BEARISH | 06/21/24 | $145.00 | $95.2K | 1.0K | 100 |
| AMAT | PUT | SWEEP | NEUTRAL | 06/21/24 | $135.00 | $84.3K | 1.9K | 1 |
| AMAT | PUT | SWEEP | NEUTRAL | 06/21/24 | $125.00 | $84.1K | 3.3K | 196 |
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.
Having examined the options trading patterns of Applied Mat, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Applied Mat
- With a trading volume of 2,288,059, the price of AMAT is up by 0.65%, reaching $156.37.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 0 days from now.
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. Keep up with the latest options trades for Applied Mat with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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