KLA Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for KLA Corporation (NASDAQ:KLAC), with a predominantly bearish sentiment. The majority of the trades are calls, with a total amount of $659,059, while puts amount to $308,788. The targeted price range for KLA over the last 3 months is from $380.0 to $500.0. The current price of KLAC is up 7.95% at $494.27.
July 27, 2023 | 5:04 pm
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KLA Corporation (NASDAQ:KLAC) has seen unusual options activity with a predominantly bearish sentiment. The targeted price range is $380.0 to $500.0. The stock is currently up 7.95% at $494.27.
The unusual options activity, predominantly bearish, indicates that investors are expecting the price of KLAC to decrease. This could put downward pressure on the stock in the short term. The current price is near the upper end of the targeted range, which may also suggest a potential downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100