Smart Money Is Betting Big In AMAT Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a bearish stance on Applied Materials (NASDAQ:AMAT) through options trading, as detected by Benzinga's options scanner. There were 13 unusual options trades, with a sentiment split of 23% bullish and 76% bearish. The trades consisted of 5 puts and 8 calls, with a focus on a price band between $110 and $175. The largest trades included bearish calls and a neutral put. Applied Materials is a leading semiconductor equipment manufacturer with key customers like TSMC, Intel, and Samsung. Its stock is currently neutral with an RSI indicator and an earnings announcement expected in 36 days. One analyst from TD Cowen maintains an Outperform rating with a target price of $185.
January 10, 2024 | 5:46 pm
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Applied Materials has seen significant bearish options activity, suggesting smart money investors are expecting a potential downside in the stock's price. The company is a major player in the semiconductor equipment industry and is currently rated as neutral by RSI indicators, with an earnings announcement upcoming.
The bearish options activity, particularly the large trades in puts and bearish calls, indicates that investors with significant capital are expecting a decrease in AMAT's stock price. This could be due to a variety of factors, including market sentiment, upcoming earnings, or undisclosed information. The relevance is high as the article directly discusses AMAT's options activity. The importance is significant given the potential impact of options trading on stock price and investor sentiment. The confidence level is not at the maximum because the actual reasons behind the trades are not disclosed, and market conditions can change rapidly.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100