Understanding Recent Unusual Options Activity in AMAT
Analyzing Recent Trends in AMAT Options Activity
Recently, the financial sector has witnessed an intriguing shift as traders focus on Applied Mat, known formally as Applied Materials (NASDAQ: AMAT). Our detailed exploration of unusual options activity surrounding AMAT has uncovered 23 noteworthy trades.
In examining the sentiment behind these trades, we observed that 34% of traders displayed bullish tendencies, while a significant 65% leaned towards bearish outlooks. Among the detected trades, 3 involved puts, accounting for $231,435, while an impressive 20 were calls, aggregating to $2,281,061.
Price Movement Expectations
Considering the Volume and Open Interest associated with these contracts, it seems that larger investors are aiming for a price range fluctuating between $150.0 and $260.0 for Applied Mat in the past three months.
Exploration of Volume and Open Interest
When trading options, monitoring volume and open interest can yield valuable insights. This information allows traders to gauge the liquidity and interest levels specific to options for various strike prices. Below, we present a snapshot of the trends in volume and open interest recorded for both calls and puts concerning all of Applied Mat's significant trades within the $150.0 to $260.0 strike price range over the last 30 days.
Recent Options Activity Review: Last 30 Days
As we traverse the recent options activity for AMAT, several major trades have been spotted:
Key Options Trades Identified:
Here are some noteworthy trades:
Symbol: AMAT
Trade Type: CALL
Sentiment: BULLISH
Expiration Date: 10/18/24
Ask Price: $8.20
Bid Price: $7.95
Trade Price: $8.19
Strike Price: $190.00
Total Trade Amount: $818.9K
Open Interest: 1.2K
Volume: 130
Symbol: AMAT
Trade Type: CALL
Sentiment: BULLISH
Expiration Date: 06/20/25
Ask Price: $52.60
Bid Price: $52.35
Trade Price: $52.60
Strike Price: $150.00
Total Trade Amount: $263.0K
Open Interest: 228
Volume: 50
Symbol: AMAT
Trade Type: CALL
Sentiment: BULLISH
Expiration Date: 09/27/24
Ask Price: $4.35
Bid Price: $4.30
Trade Price: $4.35
Strike Price: $190.00
Total Trade Amount: $217.5K
Open Interest: 232
Volume: 1.1K
Symbol: AMAT
Trade Type: CALL
Sentiment: BEARISH
Expiration Date: 11/15/24
Ask Price: $9.30
Bid Price: $9.10
Trade Price: $9.10
Strike Price: $200.00
Total Trade Amount: $182.0K
Open Interest: 1.0K
Volume: 201
Symbol: AMAT
Trade Type: PUT
Sentiment: BEARISH
Expiration Date: 09/20/24
Ask Price: $1.54
Bid Price: $1.31
Trade Price: $1.54
Strike Price: $185.00
Total Trade Amount: $107.6K
Open Interest: 1.5K
Volume: 1.4K
Overview of Applied Mat
Applied Materials, a leader in the semiconductor wafer fabrication equipment, boasts a comprehensive portfolio that extends across the entire wafer fabrication ecosystem. With a prominent position in deposition processes—where new materials are layered onto semiconductor wafers—Applied Materials has established significant relationships with the world's largest chip manufacturers, including TSMC, Intel, and Samsung.
Current Status of AMAT
- As of now, AMAT is trading at $187.65, reflecting a slight increase of 0.04%. The stock is currently experiencing a trading volume of 2,810,644.
- The Relative Strength Index (RSI) indicates that the stock could be nearing an oversold condition.
- An earnings report is expected to be released in approximately 58 days.
Analysts' Ratings on Applied Mat
Recently, three analysts have provided ratings for AMAT, yielding a consensus target price of $204.0.
- A UBS analyst has assigned a Neutral rating for Applied Mat, setting a target price of $210.
- A Citigroup analyst continues to maintain a Buy rating, targeting a price of $217.
- Meanwhile, an analyst from Morgan Stanley has rated the stock as Equal-Weight, with a target price of $185.
Engaging in options trading often presents risks; however, educated traders harness these risks effectively by employing strategies that involve continuous learning, gradual trade executions, and a comprehensive analysis of multiple indicators and market trends.
For those seeking to remain updated with the latest options trades on Applied Mat, a subscription service offers real-time alerts on significant trades.
Frequently Asked Questions
What unusual options activity has been observed for AMAT?
Recent options data indicates significant bearish sentiment with 65% of trades reflecting this outlook in contrast to 34% bullish sentiment.
How many total trades were recorded for Applied Mat?
A total of 23 notable trades were identified during the analysis period.
What are the notable price ranges for AMAT?
Whales appear to be targeting a price range of $150.0 to $260.0 over the past three months.
What is the current trading status of AMAT?
AMAT is currently trading at $187.65 with a slight increase of 0.04% and a volume of 2,810,644.
What do analysts predict for AMAT's price?
The consensus target price set by analysts for AMAT is $204.0, with varying opinions influencing this estimate.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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