Applied Materials Whale Trades for October 07

A whale with plenty of money to spend has taken a markedly bearish stance on Applied Materials.

Reviewing the option history for Applied Materials AMAT, we detected 11 strange trades.

If we consider the specifics of each trade, it is correct to say that 18% of investors opened trades with bullish expectations and 81% with bearish expectations.

Of all the trades identified, 6 are puts, for a total amount of $246,812 and 5 are calls, for a total amount of $312,226.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $70.0 to $97.5 for applied materials in the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Applied Materials options trades today is 730.91 with a total volume of 1,535, 00.

In the following graph, we are able to follow the evolution of the volume and the open interest of call and put options for the large transactions of Applied Materials in a strike price range of $70.0 to $97.5 in the last 30 days.

Volume of applied material options and open interest in the last 30 days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume AMAT CALL TRADE BEARISH 10/28/22 $85.00 $182,600 28 0 AMAT PUT TRADE BULLISH 11/11/22 $75.00 $58,500 13 252 AMAT PUT TRADE BEARISH 10/21/22 $80.00 $58,000 1.7K 288 AMAT CALL TRADE BEARISH 04/21/23 $97.50 $43,000 732 70 AMAT PUT SWEEP BEARISH 10/14/22 $83.00 $38,400 287 276

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume AMAT CALL TRADE BEARISH 10/28/22 $85.00 $182,600 28 0 AMAT PUT TRADE BULLISH 11/11/22 $75.00 $58,500 13 252 AMAT PUT TRADE BEARISH 10/21/22 $80.00 $58,000 1.7K 288 AMAT CALL TRADE BEARISH 04/21/23 $97.50 $43,000 732 70 AMAT PUT SWEEP BEARISH 10/14/22 $83.00 $38,400 287 276

How are the materials applied right now? With a volume of 5,697,677, AMAT price is down -6.32% to $82.55. RSI indicators suggest that the underlying stock may be oversold. The next results should be published in 41 days. What the experts say about applied materials: Barclays has decided to maintain its Equal-Weight rating on Applied Materials, which currently sits at a price target of $85. B of A Securities has decided to maintain its buy rating on Applied Materials, which currently sits at a target price of $102.

Options are a riskier asset than just trading stocks, but...