Deep-pocketed investors have adopted a bullish approach towards KLA (NASDAQ:KLAC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in KLAC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for KLA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 22% bearish. Among these notable options, 2 are puts, totaling $81,740, and 7 are calls, amounting to $566,500.
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 $710.0 to $980.0 for KLA over the last 3 months.
Volume & Open Interest Development
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 KLA'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 KLA's whale activity within a strike price range from $710.0 to $980.0 in the last 30 days.
KLA 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KLAC | CALL | TRADE | BULLISH | 01/16/26 | $154.0 | $149.0 | $154.0 | $900.00 | $308.0K | 22 | 0 |
| KLAC | CALL | TRADE | NEUTRAL | 08/16/24 | $59.0 | $53.9 | $56.14 | $830.00 | $56.1K | 25 | 0 |
| KLAC | CALL | SWEEP | BEARISH | 12/20/24 | $185.0 | $179.2 | $181.23 | $710.00 | $54.4K | 5 | 3 |
| KLAC | CALL | TRADE | BULLISH | 01/17/25 | $108.6 | $103.5 | $108.65 | $840.00 | $54.3K | 157 | 0 |
| KLAC | PUT | TRADE | BULLISH | 01/17/25 | $97.5 | $95.4 | $95.4 | $880.00 | $47.7K | 2 | 0 |
About KLA
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
Present Market Standing of KLA
- With a trading volume of 446,467, the price of KLAC is up by 0.22%, reaching $855.21.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 19 days from now.
What Analysts Are Saying About KLA
In the last month, 2 experts released ratings on this stock with an average target price of $912.5.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for KLA, targeting a price of $875.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on KLA, which currently sits at a price target of $950.
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 KLA with Benzinga Pro for real-time alerts.