Call buyers look for turnaround from Lam Research
Lam Research (LRCX) is getting some attention from traders this morning. So far, 2,005 contracts of the Nov. 165 call have changed hands, against open interest of 268 contracts. Today’s volume includes two trades of 1,000 contracts that both moved at the high end of the spread at the time, indicating that the vast majority of today’s volume was opened from the buy side.
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About Lam Research Corporation
Lam Research Corp manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers.