Market Whales and Their Recent Bets on LRCX Options
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been detected in Lam Research (NASDAQ:LRCX) by investors, with a notable split in sentiment (18% bullish, 81% bearish). The activity includes 16 unusual options trades, with a focus on price targets ranging from $650 to $1040 over the next three months. The volume and open interest trends indicate increased attention on LRCX options. Analysts have mixed views, with target prices ranging from $980 to $1100. The current stock price is $962.41, down 1.12%, with an upcoming earnings report in 14 days.
April 10, 2024 | 5:01 pm
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Bearish options activity detected in LRCX, with a significant volume of trades aiming for a price range of $650-$1040. Analysts have mixed views, but the current trend suggests a cautious outlook.
The bearish options activity, combined with the current price drop and the upcoming earnings report, suggests that investors are cautious about LRCX's short-term prospects. The mixed analyst ratings add to the uncertainty, making the bearish sentiment more impactful.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100