Whales with a lot of money to spend have taken a noticeably bearish stance on Applied Mat.
Looking at options history for Applied Mat (NASDAQ:AMAT) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $184,862 and 8, calls, for a total amount of $453,391.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $225.0 for Applied Mat over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Applied Mat's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Applied Mat's significant trades, within a strike price range of $140.0 to $225.0, over the past month.
Applied Mat Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | CALL | TRADE | BEARISH | 06/21/24 | $13.95 | $13.85 | $13.85 | $195.00 | $99.7K | 920 | 236 |
| AMAT | CALL | TRADE | BEARISH | 07/19/24 | $16.5 | $16.4 | $16.4 | $195.00 | $85.2K | 246 | 106 |
| AMAT | CALL | SWEEP | BULLISH | 01/17/25 | $44.8 | $44.75 | $44.8 | $165.00 | $62.7K | 1.2K | 9 |
| AMAT | PUT | TRADE | BULLISH | 06/21/24 | $11.6 | $11.55 | $11.55 | $195.00 | $60.0K | 663 | 90 |
| AMAT | CALL | SWEEP | BULLISH | 05/17/24 | $11.55 | $11.55 | $11.55 | $190.00 | $57.7K | 1.2K | 92 |
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.
Following our analysis of the options activities associated with Applied Mat, we pivot to a closer look at the company's own performance.
Where Is Applied Mat Standing Right Now?
- With a volume of 2,337,457, the price of AMAT is up 2.46% at $198.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 22 days.
What The Experts Say On Applied Mat
In the last month, 2 experts released ratings on this stock with an average target price of $260.0.
- An analyst from Cantor Fitzgerald has elevated its stance to Overweight, setting a new price target at $260.
- An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $260.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Applied Mat options trades with real-time alerts from Benzinga Pro.