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Smart Money Is Betting Big In LRCX Options

Benzinga ·  Aug 20 10:16

High-rolling investors have positioned themselves bullish on Lam Research (NASDAQ:LRCX), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LRCX often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 14 options trades for Lam Research. This is not a typical pattern.

The sentiment among these major traders is split, with 57% bullish and 35% bearish. Among all the options we identified, there was one put, amounting to...

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