Financial giants have made a conspicuous bullish move on Applied Mat. Our analysis of options history for Applied Mat (NASDAQ:AMAT) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $161,576, and 5 were calls, valued at $224,977.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $280.0 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 $130.0 to $280.0, over the past month.
Applied Mat 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | CALL | SWEEP | BEARISH | 07/19/24 | $2.05 | $1.97 | $1.97 | $255.00 | $68.7K | 39 | 0 |
| AMAT | PUT | SWEEP | BEARISH | 01/16/26 | $3.75 | $3.7 | $3.7 | $130.00 | $62.5K | 88 | 0 |
| AMAT | PUT | SWEEP | BULLISH | 11/15/24 | $22.0 | $21.85 | $21.89 | $240.00 | $54.6K | 26 | 0 |
| AMAT | CALL | SWEEP | BEARISH | 07/19/24 | $2.0 | $1.99 | $1.99 | $255.00 | $54.5K | 39 | 0 |
| AMAT | CALL | TRADE | BEARISH | 01/16/26 | $43.1 | $41.95 | $42.35 | $250.00 | $46.5K | 767 | 0 |
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.
Having examined the options trading patterns of Applied Mat, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Applied Mat Standing Right Now?
- Currently trading with a volume of 769,171, the AMAT's price is up by 0.25%, now at $234.86.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 50 days.
What Analysts Are Saying About Applied Mat
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $268.3333333333333.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Applied Mat, targeting a price of $280.
- Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Applied Mat, targeting a price of $300.
- 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.