Check Out What Whales Are Doing With LRCX
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Lam Research (NASDAQ:LRCX), as indicated by 28 uncommon options trades detected by Benzinga's options scanner. The sentiment is split with 32% bullish and 46% bearish. The trading volumes and open interest suggest a price range between $760.0 and $1055.0. Lam Research's stock is currently up by 1.63% at $909.2, with an earnings announcement expected in 2 days.
July 29, 2024 | 5:01 pm
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Wealthy investors have taken a bearish stance on Lam Research (NASDAQ:LRCX), as indicated by 28 uncommon options trades detected by Benzinga's options scanner. The sentiment is split with 32% bullish and 46% bearish. The trading volumes and open interest suggest a price range between $760.0 and $1055.0. Lam Research's stock is currently up by 1.63% at $909.2, with an earnings announcement expected in 2 days.
The detection of 28 uncommon options trades with a predominantly bearish sentiment (46% bearish vs. 32% bullish) suggests that wealthy investors are expecting a decline in Lam Research's stock price. The current price is $909.2, and the stock is up by 1.63%. However, the bearish sentiment and the upcoming earnings announcement in 2 days could lead to increased volatility and potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100