Deep-pocketed investors have adopted a bearish approach towards Applied Mat , 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 9 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 22% leaning bullish and 77% bearish. Among these notable options, 5 are puts, totaling $355,796, and 4 are calls, amounting to $506,989.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $220.0 for Applied Mat during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Applied Mat options trades today is 693.22 with a total volume of 990.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Applied Mat's big money trades within a strike price range of $135.0 to $220.0 over the last 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Applied Mat

Applied Materials Inc ( AMAT ) is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials ( AMAT ) has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials ( AMAT ) 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.

Following our analysis of the options activities associated with Applied Mat, we pivot to a closer look at the company's own performance.

Current Position of Applied Mat

With a volume of 2,208,774, the price of AMAT is up 2.4% at $149.16.

RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

Next earnings are expected to be released in 43 days.

What Analysts Are Saying About Applied Mat

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $195.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.

* An analyst from Jefferies upgraded its action to Buy with a price target of $195.

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.