Benzinga | Jan 21, 2022 12:05PM EST

What Are Whales Doing With Lam Research

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

Looking at options history for Lam Research (NASDAQ:LRCX) we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $797,264 and 8, calls, for a total amount of $431,755.

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 $400.0 to $740.0 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 $400.0 to $740.0 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 SWEEP BULLISH 01/21/ $740.00 $234.6K 29 0 22LRCX PUT SWEEP NEUTRAL 05/20/ $730.00 $152.4K 4 12 22LRCX PUT SWEEP NEUTRAL 05/20/ $720.00 $143.5K 202 12 22LRCX PUT TRADE BULLISH 07/15/ $560.00 $128.6K 100 37 22LRCX CALL TRADE BULLISH 06/17/ $630.00 $123.2K 2 21 22

Where Is Lam Research Standing Right Now?

* With a volume of 786,118, the price of LRCX is up 1.49% at $628.92.

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

* Next earnings are expected to be released in 5 days.

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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.