Unpacking the Latest Options Trading Trends in Lam Research
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Lam Research (NASDAQ:LRCX) through significant options trading activity. Benzinga's options scanner identified 9 trades, with a mix of bullish and bearish sentiments. The projected price targets for LRCX range from $600 to $1000. The stock is currently trading at $977.76, up by 2.05%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $850 to $1150.
May 24, 2024 | 2:47 pm
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High-rolling investors have shown a bearish sentiment on Lam Research (NASDAQ:LRCX) through significant options trading activity. The stock is currently trading at $977.76, up by 2.05%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $850 to $1150.
The significant bearish sentiment from high-rolling investors, as indicated by the options trading activity, suggests a potential short-term downward pressure on LRCX's stock price. Despite the current price increase and mixed analyst ratings, the bearish options trades could signal insider knowledge or expectations of a downturn.
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