This Is What Whales Are Betting On Applied Mat

Applied Materials, Inc. -0.07%

Applied Materials, Inc.




Investors with a lot of money to spend have taken a bearish stance on Applied Mat (NASDAQ:AMAT).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMAT, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Applied Mat.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $176,129, and 5 are calls, for a total amount of $333,137.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $185.0 for Applied Mat, spanning the last three months.

Insights into Volume & Open Interest

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 $125.0 to $185.0 over the preceding 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMAT CALL SWEEP BULLISH 01/16/26 $185.00 $166.0K 1.5K 56
AMAT PUT SWEEP BEARISH 03/15/24 $165.00 $76.8K 1.2K 182
AMAT PUT SWEEP BEARISH 05/17/24 $175.00 $65.3K 52 44
AMAT CALL SWEEP BEARISH 01/16/26 $125.00 $49.3K 536 10
AMAT CALL SWEEP BEARISH 01/16/26 $125.00 $49.1K 536 18

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.

After a thorough review of the options trading surrounding Applied Mat, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Applied Mat

  • Trading volume stands at 373,507, with AMAT's price down by -0.8%, positioned at $167.14.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 16 days.

What Analysts Are Saying About Applied Mat

3 market experts have recently issued ratings for this stock, with a consensus target price of $166.66666666666666.

  • Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $180.
  • An analyst from Barclays persists with their Underweight rating on Applied Mat, maintaining a target price of $140.
  • Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Applied Mat with a target price of $180.

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.

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