Market Whales and Their Recent Bets on LRCX Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity on Lam Research (NASDAQ:LRCX) indicates a bearish stance by significant investors, with 40% of trades being bearish and 20% bullish. The trades suggest a price range of $735 to $1000 over the next three months. The stock is currently trading at $925.63, down by 1.07%.
June 04, 2024 | 3:01 pm
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Significant investors are taking a bearish stance on Lam Research, with 40% of recent options trades being bearish. The stock is currently trading at $925.63, down by 1.07%.
The bearish sentiment from significant investors, as indicated by the options trades, suggests a potential downward pressure on LRCX's stock price in the short term. The stock's current decline of 1.07% aligns with this sentiment.
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