Financial giants have made a conspicuous bearish move on Lam Research. Our analysis of options history for Lam Research (NASDAQ:LRCX) revealed 27 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $185,087, and 23 were calls, valued at $1,264,574.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $590.0 to $1420.0 for Lam Research over the recent three months.
Analyzing Volume & Open Interest
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 Lam Research'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 Lam Research's whale activity within a strike price range from $590.0 to $1420.0 in the last 30 days.
Lam Research 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LRCX | CALL | SWEEP | BULLISH | 06/14/24 | $3.2 | $3.1 | $3.2 | $1050.00 | $130.4K | 1.6K | 192 |
LRCX | CALL | TRADE | BULLISH | 12/20/24 | $429.0 | $421.45 | $429.0 | $600.00 | $128.7K | 4 | 0 |
LRCX | CALL | SWEEP | NEUTRAL | 08/16/24 | $65.1 | $63.4 | $64.25 | $1040.00 | $96.3K | 14 | 0 |
LRCX | CALL | TRADE | NEUTRAL | 07/19/24 | $16.6 | $15.7 | $16.21 | $1110.00 | $81.0K | 6 | 51 |
LRCX | CALL | TRADE | BEARISH | 06/14/24 | $136.35 | $126.55 | $130.0 | $900.00 | $78.0K | 68 | 18 |
About Lam Research
Lam Research 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.
Having examined the options trading patterns of Lam Research, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Lam Research
Trading volume stands at 456,021, with LRCX's price up by 2.75%, positioned at $1027.2.
RSI indicators show the stock to be may be approaching overbought.
Earnings announcement expected in 42 days.
Professional Analyst Ratings for Lam Research
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $980.0.
Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Lam Research with a target price of $900.
An analyst from Raymond James has decided to maintain their Outperform rating on Lam Research, which currently sits at a price target of $1060.
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.