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 38 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $2,203,617 and 28, calls, for a total amount of $3,651,379.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $300.0 for Applied Mat over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Applied Mat options trades today is 964.11 with a total volume of 4,500.00.
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 $110.0 to $300.0 over the last 30 days.
Applied Mat Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | PUT | TRADE | BULLISH | 01/16/26 | $41.05 | $40.2 | $40.5 | $250.00 | $1.4M | 119 | 5 |
| AMAT | CALL | SWEEP | BULLISH | 08/16/24 | $16.9 | $16.85 | $16.9 | $240.00 | $1.3M | 2.4K | 137 |
| AMAT | CALL | SWEEP | BULLISH | 08/16/24 | $22.4 | $22.35 | $22.4 | $230.00 | $896.0K | 485 | 14 |
| AMAT | PUT | SWEEP | BEARISH | 01/17/25 | $34.95 | $34.9 | $34.95 | $260.00 | $325.0K | 38 | 22 |
| AMAT | CALL | SWEEP | BULLISH | 06/21/24 | $31.2 | $30.85 | $30.85 | $210.00 | $204.1K | 3.9K | 283 |
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.
In light of the recent options history for Applied Mat, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Applied Mat
- Trading volume stands at 4,135,326, with AMAT's price down by -2.96%, positioned at $240.5.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 56 days.
What The Experts Say On Applied Mat
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $268.3333333333333.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on Applied Mat, which currently sits at a price target of $300.
- An analyst from Wells Fargo persists with their Overweight rating on Applied Mat, maintaining a target price of $280.
- An analyst from Barclays has elevated its stance to Equal-Weight, setting a new price target at $225.
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.