What the Options Market Tells Us About Lam Research
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Lam Research (NASDAQ:LRCX) as indicated by unusual options activity. The options market suggests a price target range of $720 to $820. Despite a recent price drop, the stock may be approaching oversold territory.
September 12, 2024 | 3:02 pm
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Lam Research is experiencing significant options activity, with a majority of investors showing a bullish sentiment. The options market indicates a price target range of $720 to $820. The stock is currently down 1.94% but may be nearing oversold levels.
The unusual options activity with a majority of calls suggests bullish sentiment among investors. The projected price target range of $720 to $820 indicates potential upside. Despite the current price drop, RSI indicators suggest the stock may be oversold, which could lead to a rebound.
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