Investors with a lot of money to spend have taken a bullish stance on KLA KLAC.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KLAC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for KLA.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $415,402, and 3 are calls, for a total amount of $208,288.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $560.0 to $730.0 for KLA over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of KLA stands at 57.2, with a total volume reaching 177.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in KLA, situated within the strike price corridor from $560.0 to $730.0, throughout the last 30 days.
KLA Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | TRADE | NEUTRAL | 01/17/25 | $680.00 | $166.9K | 118 | 26 |
| KLAC | CALL | TRADE | BEARISH | 06/21/24 | $720.00 | $130.0K | 94 | 25 |
| KLAC | PUT | SWEEP | BULLISH | 03/08/24 | $730.00 | $78.3K | 23 | 66 |
| KLAC | PUT | TRADE | BULLISH | 06/21/24 | $660.00 | $52.6K | 40 | 24 |
| KLAC | CALL | TRADE | BULLISH | 05/17/24 | $690.00 | $41.6K | 3 | 6 |
About KLA
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
Having examined the options trading patterns of KLA, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is KLA Standing Right Now?
- Trading volume stands at 642,988, with KLAC's price up by 0.91%, positioned at $722.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 48 days.
What The Experts Say On KLA
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $658.75.
- An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $625.
- An analyst from UBS persists with their Neutral rating on KLA, maintaining a target price of $760.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $625.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $625.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest KLA options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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