Traders bet on reversal from Applied Materials
AT least one trader sees Thursday’s pullback in Applied Materials (AMAT) as a buying opportunity. So day, 6,815 contracts of the Oct. 38 call have changed hands, against open interest of 463 contracts. That includes a single trade of 6,800 contracts at 12:27 this afternoon. Pricing on today’s trades is high in the spread, indicating these new contracts are being initiated from the buy side.
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About Applied Materials Inc.
Applied Materials is one of the world's largest suppliers of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world. The firm's systems are used in every process step with the exception of lithography. Key tools include those for chemical and physical vapor deposition, etching, chemical mechanical polishing, wafer- and reticle-inspection, critical dimension measurement, and defect-inspection scanning electron microscopes.