A whale with plenty of money to spend has adopted a noticeably bearish stance Lam Research.
View option history for Lam Research LRCX We spotted 11 weird trades.
If we look at the specifics of each trade, it is correct to note that 45% of investors opened trades with bullish expectations and 54% with bearish expectations.
Of the total trades detected, 6 are puts totaling $982,771 and 5 are calls totaling $340,092.
What is the course objective?
Considering the volume and open interest in these contracts, it appears that whales have been targeting a price range of $210.0-$540.0 for Lam Research over the past 3 months.
Volume and open interest development
Looking at volume and open interest is a powerful move when trading options. This data can help you track liquidity and interest in Lam Research’s options at a given strike price. Below we can observe the evolution of volume and open interest of calls/puts for all of Lam Research’s whale trades within a strike price range of $210.0 to $540.0 over the last 30 days.
Lam Research Options volume and open interest over the last 30 days
Biggest options discovered:
| symbol | PUT/CALL | commercial type | feeling | Ext. date | exercise price | total commercial price | open interest | volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | PLACE | ACT | BULLISH | 01/19/24 | $360.00 | $784,500 | 602 | 150 |
| LRCX | CALL | ACT | BULLISH | 03/17/23 | $210.00 | $163,900 | 20 | 8th |
| LRCX | CALL | SWEEP | BEARY | 10/21/22 | $420.00 | $67,500 | 481 | 50 |
| LRCX | PLACE | SWEEP | BULLISH | 03/17/23 | $405.00 | $66,900 | 1 | 14 |
| LRCX | CALL | ACT | NEUTRAL | 09/30/22 | $400.00 | $42,100 | 18 | 22 |
| symbol | PUT/CALL | commercial type | feeling | Ext. date | exercise price | total commercial price | open interest | volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | PLACE | ACT | BULLISH | 01/19/24 | $360.00 | $784,500 | 602 | 150 |
| LRCX | CALL | ACT | BULLISH | 03/17/23 | $210.00 | $163,900 | 20 | 8th |
| LRCX | CALL | SWEEP | BEARY | 10/21/22 | $420.00 | $67,500 | 481 | 50 |
| LRCX | PLACE | SWEEP | BULLISH | 03/17/23 | $405.00 | $66,900 | 1 | 14 |
| LRCX | CALL | ACT | NEUTRAL | 09/30/22 | $400.00 | $42,100 | 18 | 22 |
Where is Lam Research right now?
- With a volume of 500,506, the price of LRCX is down 0.0% to $409.21.
- RSI indicators are suggesting that the underlying stock may be oversold.
- The next earnings are expected to be released in 30 days.
What the experts say about Lam research:
- Morgan Stanley decided to maintain its overweight position in Lam Research, which currently has a price target of $543.
Options are a riskier asset compared to pure stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.
If you want to stay up to date with the latest options trades for Lam Research, Benzanga Pro gives you real-time options trading alerts.
