Market Whales and Their Recent Bets on LRCX Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Lam Research (NASDAQ:LRCX), as revealed by Benzinga's options scanner. The significant options activity includes 2 puts and 7 calls, with a notable focus on a price band between $620.0 and $1110.0. The stock is currently up by 1.41%, trading at $981.3, with the next earnings report scheduled in 13 days. Analysts have mixed ratings, with target prices ranging from $1200 to $1325.
July 18, 2024 | 1:46 pm
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Deep-pocketed investors have shown a bearish sentiment towards Lam Research (LRCX) with significant options activity, including 2 puts and 7 calls. The stock is currently up by 1.41%, trading at $981.3. Analysts have mixed ratings with target prices ranging from $1200 to $1325.
The significant bearish sentiment from large investors, as indicated by the options activity, suggests potential downward pressure on LRCX's stock price. However, the stock is currently up, and analysts have mixed ratings, which could mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100