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Looking At Applied Mat’s Recent Unusual Options Activity

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Financial giants have made a conspicuous bullish move on Applied Mat. Our analysis of options history for Applied Mat AMAT revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $209,932, and 4 were calls, valued at $207,895.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $135.0 to $250.0 for Applied Mat over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Applied Mat’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Applied Mat’s whale activity within a strike price range from $135.0 to $250.0 in the last 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

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Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMAT PUT SWEEP BULLISH 04/05/24 $3.15 $3.1 $3.1 $210.00 $90.8K 722 594
AMAT CALL TRADE BULLISH 01/17/25 $78.55 $76.8 $78.1 $135.00 $85.9K 2.0K 0
AMAT CALL TRADE BEARISH 04/19/24 $9.1 $8.95 $9.0 $205.00 $45.0K 1.4K 70
AMAT CALL SWEEP BULLISH 04/19/24 $9.0 $8.85 $8.94 $205.00 $44.7K 1.4K 70
AMAT PUT SWEEP BEARISH 04/05/24 $3.15 $3.1 $3.1 $210.00 $41.5K 722 226

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.

In light of the recent options history for Applied Mat, it’s now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Applied Mat

  • Trading volume stands at 582,004, with AMAT’s price down by -1.0%, positioned at $204.05.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 43 days.

Professional Analyst Ratings for Applied Mat

In the last month, 3 experts released ratings on this stock with an average target price of $231.66666666666666.

  • An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $220.
  • Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Applied Mat with a target price of $240.
  • Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Applied Mat, targeting a price of $235.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Applied Mat options trades with real-time alerts from Benzinga Pro.

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