KLA's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards KLA (NASDAQ:KLAC) as revealed by Benzinga's options scanner. The majority of options activity is bearish, with significant trades in both puts and calls. The projected price range for KLA is between $400 and $1220, with the stock currently trading at $744.51. Investors should be cautious as the stock may be approaching overbought levels.
September 04, 2024 | 4:45 pm
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KLA (NASDAQ:KLAC) is experiencing significant bearish options activity, with 55% of trades showing a bearish sentiment. The stock is currently trading at $744.51, with a projected price range of $400 to $1220. Investors should be cautious as the stock may be approaching overbought levels.
The article highlights a significant bearish sentiment among large investors towards KLA, as evidenced by options activity. The majority of trades are bearish, indicating potential downward pressure on the stock. The current trading price and projected range suggest volatility, and the RSI indicates a possible overbought condition, which could lead to a price correction.
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