Lam Research Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $380.0 to $660.0 for Lam Research over the last 3 months. Several financial institutions have maintained or upgraded their ratings on Lam Research, with price targets ranging from $600 to $800.
August 18, 2023 | 2:31 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Lam Research. The sentiment of big-money traders is split, with a slight lean towards bearish. Price targets from various institutions range from $600 to $800.
The unusual options activity, with a significant amount of money being put into bearish positions, indicates that there may be a belief among some large investors that the stock price will decrease. This is further supported by the sentiment of big-money traders being more bearish than bullish. However, the price targets set by various financial institutions are all above the current stock price, indicating a belief in the stock's potential to grow.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100