Financial giants have made a conspicuous bullish move on Lam Research ( LRCX ). Our analysis of options history for Lam Research ( LRCX ) revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $200,899, and 6 were calls, valued at $390,582.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $900.0 to $985.0 for Lam Research ( LRCX ) over the recent three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lam Research's ( LRCX ) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lam Research's ( LRCX ) substantial trades, within a strike price spectrum from $900.0 to $985.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | PUT | SWEEP | BULLISH | 6 | 0 | ||||||
| LRCX | CALL | SWEEP | BULLISH | 103 | 4 | ||||||
| LRCX | CALL | SWEEP | BEARISH | 59 | 19 | ||||||
| LRCX | CALL | SWEEP | BEARISH | 28 | 34 | ||||||
| LRCX | CALL | TRADE | BULLISH | 35 | 0 |
Lam Research ( LRCX ) 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.
After a thorough review of the options trading surrounding Lam Research ( LRCX ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Trading volume stands at 497,322, with LRCX's price up by 0.87%, positioned at $915.42.
RSI indicators show the stock to be is currently neutral between overbought and oversold.
Earnings announcement expected in 75 days.
In the last month, 5 experts released ratings on this stock with an average target price of $1009.0.
Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $1030.
An analyst from JP Morgan persists with their Overweight rating on Lam Research ( LRCX ), maintaining a target price of $950.
In a cautious move, an analyst from Evercore ISI Group downgraded its rating to Outperform, setting a price target of $1200.
An analyst from TD Cowen persists with their Buy rating on Lam Research ( LRCX ), maintaining a target price of $1000.
An analyst from Barclays persists with their Equal-Weight rating on Lam Research ( LRCX ), maintaining a target price of $865.
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 Lam Research ( LRCX ) with Benzinga Pro for real-time alerts.
zpostcode
Recruit
weather
mreligion
Yellowpages
sport
constellation
shopping
name
game
directory
literature
Word
tour
furnish
Lottery
tftnews
lyrics
News
digital
car
dir
Edu
Finance
