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Benzinga Insights

Looking At Applied Materials's Recent Unusual Options Activity

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

Looking at options history for Applied Materials (NASDAQ:AMAT) we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $247,391 and 13, calls, for a total amount of $592,518.

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 $85.0 to $115.0 for Applied Materials over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Applied Materials'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 Materials's whale trades within a strike price range from $85.0 to $115.0 in the last 30 days.

Applied Materials Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMAT PUT SWEEP BEARISH 03/17/23 $100.00 $83.0K 1.0K 68
AMAT CALL SWEEP BEARISH 12/16/22 $92.50 $78.0K 1.0K 160
AMAT CALL TRADE BULLISH 11/18/22 $85.00 $60.6K 2.1K 56
AMAT CALL SWEEP BULLISH 11/18/22 $87.50 $58.8K 1.2K 64
AMAT CALL TRADE BULLISH 11/18/22 $90.00 $53.2K 2.3K 89

Where Is Applied Materials Standing Right Now?

  • With a volume of 3,231,877, the price of AMAT is down -2.62% at $94.91.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 8 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 want to stay updated on the latest options trades for Applied Materials, Benzinga Pro gives you real-time options trades alerts.

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