Benzinga | Jan 18, 2022 11:12AM EST

Applied Materials Whale Trades Spotted

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

Looking at options history for Applied Materials (NASDAQ:AMAT) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $269,000 and 5, calls, for a total amount of $265,690.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $175.0 for Applied Materials over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Applied Materials's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Applied Materials's whale trades within a strike price range from $80.0 to $175.0 in the last 30 days.

Applied Materials Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestAMAT CALL TRADE BEARISH 07/15/ $160.00 $109.8K 428 66 22AMAT PUT TRADE BEARISH 01/21/ $172.50 $97.8K 160 117 22AMAT PUT SWEEP BEARISH 01/21/ $160.00 $69.1K 1.7K 893 22AMAT CALL TRADE BULLISH 01/28/ $162.50 $64.1K 137 415 22AMAT PUT SWEEP BEARISH 01/21/ $160.00 $39.7K 1.7K 338 22

Where Is Applied Materials Standing Right Now?

* With a volume of 2,558,905, the price of AMAT is down -4.39% at $159.67.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 30 days.

What The Experts Say On Applied Materials:

* Barclays has decided to maintain their Equal-Weight rating on Applied Materials, which currently sits at a price target of $165.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

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