Lam Research's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Lam Research (NASDAQ:LRCX) options, with a notable split between bullish and bearish sentiments. The options activity suggests a price window between $610 and $1000. Lam Research is a major player in semiconductor wafer fabrication equipment, with key customers like TSMC, Samsung, Intel, and Micron. The stock is currently trading at $949.53, with a neutral RSI and an earnings announcement expected in 54 days.
May 31, 2024 | 6:45 pm
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Lam Research has seen significant options activity, with a split between bullish and bearish sentiments. The stock is currently trading at $949.53, with a price target range of $610 to $1000. An earnings announcement is expected in 54 days.
The significant options activity indicates heightened interest and potential volatility in the stock. The split sentiment among investors suggests uncertainty, but the overall high volume of trades points to a likely increase in stock price. The upcoming earnings announcement could also be a catalyst for price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100