Lam Research'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 Lam Research (NASDAQ:LRCX) as revealed by Benzinga's options scanner. The majority of options activity is bearish, with significant put and call trades indicating a potential price range of $70 to $118. Despite this, the stock is currently up by 2.93% at $85.31. Analysts have mixed ratings, with price targets ranging from $774 to $1000.
October 14, 2024 | 4:30 pm
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Lam Research is experiencing significant bearish options activity, with 60% of trades being bearish. This suggests potential downward pressure on the stock price, despite a current increase of 2.93%. Analysts have mixed ratings, with price targets ranging from $774 to $1000.
The significant bearish options activity, with 60% of trades being bearish, suggests that investors expect a potential decline in LRCX's stock price. Despite the current price increase, the bearish sentiment from deep-pocketed investors could lead to short-term downward pressure. Analysts' mixed ratings and varied price targets further contribute to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100