Applied Mat Unusual Options Activity For June 27
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Applied Mat (NASDAQ:AMAT) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $110.0 to $155.0 for Applied Mat over the last 3 months. The price of AMAT is up 4.08% at $145.51, with RSI indicators suggesting the stock may be approaching overbought. Next earnings are expected in 51 days.
June 27, 2023 | 7:17 pm
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Unusual options activity indicates a significant bearish stance on Applied Mat. The stock price is up 4.08% at $145.51, with RSI indicators suggesting it may be overbought.
The unusual options activity, with a significant bearish stance, suggests that large investors are expecting the price of Applied Mat to decrease. This, combined with the RSI indicators suggesting the stock may be overbought, indicates a potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100