Anyone who has a lot of money to spend has taken a bearish stance applied mat amat,
And retail traders should know.
We noticed this today when large positions appeared on the publicly available options history that we track here at Benzinga.
Whether it is some institution or just a wealthy person, we do not know. But when something this big happens with AMAT, it often means that someone knows something is about to happen.
So how do we know what this whale just did?
Today, benzingaThe options scanner for Applied Mat spotted 36 unusual option trades.
this is not normal.
The overall sentiment among these big money traders is split between 36% bullish and 63% bearish.
Of all the exclusive options we have open, 15 are puts, for a total amount of $965,572, and 21 are calls, for a total amount of $1,118,782.
What is a price target?
Considering the volume and open interest on these contracts, it appears that the whales are targeting a price range of $90.0 to $150.0 for Applied Mat over the past 3 months.
Volume and Open Interest Development
In terms of liquidity and interest, the Average Open Interest for Applied Mat Options trades today stood at 1223.23 with a total volume of 9,898.00.
In the following chart, we are able to follow the development of call and put option volumes and open interest for Applied Mat’s large in the money trades within the strike price range of $90.0 to $150.0 over the past 30 days.
Applied Mat option volume and open interest over the last 30 days
Largest options seen:
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| amat | call | sweep | recession | 03/31/23 | $118.00 | $391.7K | 100 | 3.3 thousand |
| amat | Keep | sweep | recession | 09/15/23 | $115.00 | $356.9K | 606 | 0 |
| amat | Keep | sweep | fast | 06/16/23 | $110.00 | $86.7K | 2.4K | 209 |
| amat | Keep | sweep | recession | 04/06/23 | $117.00 | $67.1K | 151 | 19 |
| amat | call | sweep | recession | 01/19/24 | $110.00 | $66.3K | 3.3 thousand | 33 |
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| amat | call | sweep | recession | 03/31/23 | $118.00 | $391.7K | 100 | 3.3 thousand |
| amat | Keep | sweep | recession | 09/15/23 | $115.00 | $356.9K | 606 | 0 |
| amat | Keep | sweep | fast | 06/16/23 | $110.00 | $86.7K | 2.4K | 209 |
| amat | Keep | sweep | recession | 04/06/23 | $117.00 | $67.1K | 151 | 19 |
| amat | call | sweep | recession | 01/19/24 | $110.00 | $66.3K | 3.3 thousand | 33 |
Where does Applied Mat stand now?
- With a volume of 6,351,182, the AMAT price is down -2.65% at $119.53.
- The RSI indicator is indicating that the underlying stock may be overbought.
- The next earnings release is expected in 55 days.
What the experts say at Applied Mat:
- Needham downgraded its action with a price target of $135.
Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping 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 Mat, benzinga pro Provides you with real-time options trade alerts.