Financial giants have made a conspicuous bearish move on Applied Mat. Our analysis of options history for Applied Mat (NASDAQ:AMAT) revealed 18 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $886,810, and 11 were calls, valued at $595,132.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $210.0 for Applied Mat over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Applied Mat's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Applied Mat's substantial trades, within a strike price spectrum from $150.0 to $210.0 over the preceding 30 days.
Applied Mat Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | PUT | TRADE | BULLISH | 10/18/24 | $10.9 | $10.7 | $10.75 | $175.00 | $290.2K | 22 | 0 |
| AMAT | PUT | SWEEP | BEARISH | 05/10/24 | $20.2 | $19.95 | $20.18 | $210.00 | $270.4K | 164 | 0 |
| AMAT | CALL | TRADE | BEARISH | 06/21/24 | $43.2 | $42.9 | $42.9 | $150.00 | $214.5K | 590 | 50 |
| AMAT | PUT | SWEEP | BEARISH | 05/24/24 | $5.55 | $5.45 | $5.5 | $180.00 | $116.4K | 33 | 212 |
| AMAT | CALL | SWEEP | BULLISH | 04/26/24 | $2.5 | $2.49 | $2.5 | $195.00 | $75.0K | 106 | 336 |
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.
Applied Mat's Current Market Status
- With a trading volume of 2,370,776, the price of AMAT is down by -1.96%, reaching $190.51.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 27 days from now.
What Analysts Are Saying About Applied Mat
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $260.0.
- An analyst from Evercore ISI Group downgraded its action to Outperform with a price target of $260.
- Showing optimism, an analyst from Cantor Fitzgerald upgrades its rating to Overweight with a revised price target of $260.
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.