Benzinga | Dec 16, 2021 01:20PM EST

This Is What Whales Are Betting On Lam Research

A whale with a lot of money to spend has taken a noticeably bearish stance on Lam Research.

Looking at options history for Lam Research (NASDAQ:LRCX) we detected 24 strange trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $621,746 and 14, calls, for a total amount of $811,369.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $725.0 for Lam Research over the last 3 months.

Volume & Open Interest Development

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 Lam Research'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 Lam Research's whale activity within a strike price range from $300.0 to $725.0 in the last 30 days.

Lam Research Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestLRCX PUT TRADE NEUTRAL 01/21/ $580.00 $217.5K 3.4K 513 22LRCX CALL SWEEP BULLISH 12/17/ $685.00 $161.6K 275 100 21LRCX CALL TRADE NEUTRAL 01/20/ $450.00 $153.9K 69 6 23LRCX PUT SWEEP BULLISH 01/21/ $620.00 $63.5K 1.2K 54 22LRCX PUT SWEEP BULLISH 01/20/ $660.00 $63.1K 269 8 23

Where Is Lam Research Standing Right Now?

* With a volume of 620,131.00, the price of LRCX is down -3.09% at $675.77.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 41 days.

What The Experts Say On Lam Research:

* Morgan Stanley has decided to maintain their Overweight rating on Lam Research, which currently sits at a price target of $755.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

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