Applied Materials options volume surges ahead of earnings
Options turnover in Applied Materials jumped to 92,686 contracts, more than twice the 20-day average, as traders positioned before the company's earnings release.
AMAT
Trading in Applied Materials options accelerated sharply ahead of the company's earnings. Total volume reached 92,686 contracts, more than double the 20-day average.
Shares of AMAT were trading at $555.35. Activity was notably concentrated in $400 puts and $600 calls, according to the report.
The options market showed elevated positioning into the results, suggesting expectations for a significant move rather than a clearly directional bias.
Source: First Squawk