<div id="readability-page-1"><p>Investors with a lot of money to spend have taken a bearish stance on <strong>Lam Research <span>( LRCX )</span></strong> .</p> <p>And retail traders should know.</p> <p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p> <p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LRCX, it often means somebody knows something is about to happen.</p> <p>So how do we know what these investors just did? </p> <p>Today, Benzinga's options scanner spotted 28 uncommon options trades for Lam Research <span>( LRCX )</span>.</p> <p>This isn't normal.</p> <p>The overall sentiment of these big-money traders is split between 25% bullish and 60%, bearish.</p> <p>Out of all of the special options we uncovered, 6 are puts, for a total amount of $406,972, and 22 are calls, for a total amount of $3,595,359.</p> <h3>What's The Price Target?</h3> <p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $86.0 to $185.0 for Lam Research <span>( LRCX )</span> over the last 3 months. </p> <h3>Insights into Volume &amp; Open Interest</h3> <p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lam Research's <span>( LRCX )</span> options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lam Research's <span>( LRCX )</span> substantial trades, within a strike price spectrum from $86.0 to $185.0 over the preceding 30 days.</p> <h3>Lam Research Option Volume And Open Interest Over Last 30 Days</h3> <p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1764698483_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1764698483_0.png"/></p>  <h3>Largest Options Trades Observed:</h3> <p></p><table> <thead> <tr> <th><strong>Symbol</strong></th> <th><strong>PUT/CALL</strong></th> <th><strong>Trade Type</strong></th> <th><strong>Sentiment</strong></th> <th><strong>Exp. Date</strong></th> <th><strong>Ask</strong></th> <th><strong>Bid</strong></th> <th><strong>Price</strong></th> <th><strong>Strike Price</strong></th> <th><strong>Total Trade Price</strong></th> <th><strong>Open Interest</strong></th> <th><strong>Volume</strong></th> </tr> </thead> <tbody> <tr> <td>LRCX</td> <td>CALL</td> <td>TRADE</td> <td>BEARISH</td> <td>06/18/26</td> <td>$36.5</td> <td>$34.7</td> <td>$35.1</td> <td>$135.00</td> <td>$1.4M</td> <td>1.1K</td> <td>401</td> </tr> <tr> <td>LRCX</td> <td>CALL</td> <td>TRADE</td> <td>BULLISH</td> <td>12/19/25</td> <td>$43.0</td> <td>$43.0</td> <td>$43.0</td> <td>$115.00</td> <td>$258.0K</td> <td>1.1K</td> <td>60</td> </tr> <tr> <td>LRCX</td> <td>CALL</td> <td>TRADE</td> <td>BEARISH</td> <td>01/21/28</td> <td>$50.35</td> <td>$48.3</td> <td>$49.1</td> <td>$155.00</td> <td>$196.4K</td> <td>341</td> <td>163</td> </tr> <tr> <td>LRCX</td> <td>CALL</td> <td>TRADE</td> <td>BEARISH</td> <td>01/21/28</td> <td>$49.75</td> <td>$49.1</td> <td>$49.1</td> <td>$155.00</td> <td>$196.4K</td> <td>341</td> <td>43</td> </tr> <tr> <td>LRCX</td> <td>CALL</td> <td>TRADE</td> <td>BEARISH</td> <td>01/21/28</td> <td>$50.35</td> <td>$48.9</td> <td>$48.9</td> <td>$155.00</td> <td>$195.6K</td> <td>341</td> <td>123</td> </tr> </tbody> </table><p></p> <h3>About Lam Research</h3> <p>Lam Research <span>( LRCX )</span> is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.</p> <p>Having examined the options trading patterns of Lam Research <span>( LRCX )</span>, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p> <h3>Lam Research's Current Market Status</h3> <ul> <li>Trading volume stands at 2,914,824, with LRCX's price up by 2.02%, positioned at $157.91.</li> <li>RSI indicators show the stock to be may be approaching overbought.</li> <li>Earnings announcement expected in 57 days.</li> </ul> <h3>What Analysts Are Saying About Lam Research</h3> <p>In the last month, 3 experts released ratings on this stock with an average target price of $174.33.</p> <p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p> <p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <strong>Click here for access</strong>. * An analyst from UBS persists with their Buy rating on Lam Research <span>( LRCX )</span>, maintaining a target price of $175. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Lam Research <span>( LRCX )</span> with a target price of $158. * An analyst from Citigroup has decided to maintain their Buy rating on Lam Research <span>( LRCX )</span>, which currently sits at a price target of $190. </p> <p>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.</p> <p>If you want to stay updated on the latest options trades for Lam Research <span>( LRCX )</span>, Benzinga Pro gives you real-time options trades alerts.</p></div>

LRCX

<p>Investors are showing a bearish stance on Lam Research (LRCX) with unusual options activity detected. Benzinga's scanner spotted 28 uncommon trades, with 60% bearish sentiment. Analysts have mixed ratings: UBS and Citigroup maintain Buy ratings, while Morgan Stanley has an Equal-Weight rating. The price target ranges from $158 to $190. Lam Research's stock is up 2.02%, trading at $157.91, with earnings expected in 57 days. Options trading is riskier but offers higher profit potential.</p>

Decoding Lam Research's Options Activity: What's the Big Picture?