Lam Research Whale trade spotted

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

Review of options history for Lam Research LRCX we detected 39 strange trades.

Looking at the specifics of each trade, it is correct to say that 43% of investors opened trades with bullish expectations and 56% with bearish expectations.

Of all the transactions identified, 24 are put options, for a total amount of $2,088,551 and 15 are call options, for a total amount of $884,894.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have been targeting a price range of $250.0 to $680.0 for Lam Research over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Lam Research options trades today is 319.2 with a total volume of 2,119.00.

In the following chart, we are able to track the development of Lam Research call and put options volume and open interest for large trades within a strike price range of $250.0 at $680.0 in the last 30 days.

Lam Research Options Volume and Open Interest in the Last 30 Days

The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
LRCX PUT TRADE BULLISH 01/19/24 $450.00 $553,000 187 70
LRCX PUT TRADE BEARISH 05/20/22 $530.00 $378,000 160 63
LRCX CALL TRADE BEARISH 01/20/23 $600.00 $216,000 669 80
LRCX CALL TRADE NEUTRAL 01/19/24 $580.00 $198,000 214 30
LRCX PUT SCANNING NEUTRAL 06/17/22 $465.00 $145,200 44 0

Where is Lam research at the moment?

  • With a volume of 773,509, the price of LRCX is up 1.7% to $474.95.
  • RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold.
  • The next results should be published in 7 days.

What experts say about Lam research:

  • Deutsche Bank has decided to maintain its Hold rating on Lam Research, which currently sits at a price target of $560.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.