Someone with a lot of money to spend has taken a bullish stance on Applied materials AMAT.
And retailers should know that.
We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.
Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with AMAT, it often means someone knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 10 uncommon options trades for Applied Materials.
It is not normal.
The general sentiment of these big traders is split between 70% bullish and 30% bearish.
Of all the special options we discovered, 4 are put options, totaling $665,427, and 6 are call options, totaling $207,672.
What is the target price?
Given the volume and open interest on these contracts, it appears that whales have been targeting a price range of $50.0 to $125.0 for Applied materials over the past 3 months.
Development of volume and open interest
Reviewing volume and open interest is an insightful way to perform due diligence on a security.
This data can help you track the liquidity and interest of Applied Materials options for a given strike price.
Below we can observe the evolution of volume and open interest in calls and puts, respectively, for the entire Applied Materials whale business within a strike price range of $50.0 to $125.0 in the last 30 days.
Volume of applied material options and open interest in the last 30 days
The biggest options spotted:
| Symbol | PUT/CALL | Kind of trade | Feeling | Exp. Date | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMAT | PUT | TRADE | BULLISH | 06/21/24 | $100.00 | $535,900 | 96 | 270 |
| AMAT | PUT | SWEEP | BEARISH | 01/20/23 | $85.00 | $63,100 | 1.5K | 127 |
| AMAT | CALL | SWEEP | NEUTRAL | 10/21/22 | $100.00 | $60,100 | 4.0K | 174 |
| AMAT | PUT | TRADE | BULLISH | 06/16/23 | $90.00 | $39,900 | 1.3K | 48 |
| AMAT | CALL | SWEEP | BULLISH | 09/16/22 | $100.00 | $37,000 | 2.2K | 513 |
| Symbol | PUT/CALL | Kind of trade | Feeling | Exp. Date | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMAT | PUT | TRADE | BULLISH | 06/21/24 | $100.00 | $535,900 | 96 | 270 |
| AMAT | PUT | SWEEP | BEARISH | 01/20/23 | $85.00 | $63,100 | 1.5K | 127 |
| AMAT | CALL | SWEEP | NEUTRAL | 10/21/22 | $100.00 | $60,100 | 4.0K | 174 |
| AMAT | PUT | TRADE | BULLISH | 06/16/23 | $90.00 | $39,900 | 1.3K | 48 |
| AMAT | CALL | SWEEP | BULLISH | 09/16/22 | $100.00 | $37,000 | 2.2K | 513 |
Where are the applied materials at the moment?
- With a volume of 2,146,859, the price of AMAT is up 2.84% to $96.45.
- RSI indicators suggest that the underlying stock may be oversold.
- The next results should be published in 69 days.
What the experts say about the applied materials:
- JP Morgan has decided to maintain its overweight rating on Applied Materials, which currently sits at a price target of $140.
- DA Davidson has decided to maintain its Buy rating on Applied Materials, which currently sits at a price target of $155.
- Goldman Sachs has decided to maintain its buy rating on Applied Materials, which currently sits at a price target of $109.
- Craig-Hallum has decided to maintain his Buy rating on Applied Materials, which currently sits at a price target of $126.
- Cowen & Co. has decided to maintain its outperform rating on Applied Materials, which currently sits at a price target of $140.
Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for applied materials, Benzinga Pro gives you real-time alerts on options trades.
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