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Smart Money Is Betting Big In AMAT Options

Benzinga•December 03, 2025 at 7:01 PM•Full Content

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Detected Companies & Sentiment

Applied Materials, Inc.

"strong bullish sentiment"

Gist

Major institutional players are showing strong bearish sentiment in Applied Materials (AMAT) options, with significant put activity and elevated open interest suggesting expectations of a price decline.

LLM Summary

Financial institutions have executed 42 unusual options trades in Applied Materials, with 45% bearish sentiment and substantial put volume indicating downside bets. Despite a recent price rise and mixed analyst ratings, the options market reflects growing concern over AMAT’s near-term outlook, particularly with key strikes between $170 and $350. Analysts' price targets range from $190 to $270, with a consensus of $236.

Full Article Content

Financial giants have made a conspicuous bearish move on Applied Mat. Our analysis of options history for Applied Mat (NASDAQ: AMAT) revealed 42 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,594,840, and 27 were calls, valued at $2,160,628.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $350.0 for Applied Mat, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Applied Mat's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Applied Mat's whale trades within a strike price range from $170.0 to $350.0 in the last 30 days.

Applied Mat 30-Day Option Volume & Interest Snapshot

!Options Call Chart

Noteworthy Options Activity:

SymbolPUT/CALLTrade TypeSentimentExp. DateAskBidPriceStrike PriceTotal Trade PriceOpen InterestVolumeAMATPUTTRADENEUTRAL01/16/26$12.9$12.2$12.5$260.00$750.0K125606AMATCALLTRADEBEARISH09/18/26$57.5$56.3$56.3$240.00$281.5K2340AMATCALLTRADEBULLISH01/16/26$97.85$95.65$97.49$170.00$243.7K1.8K26AMATCALLSWEEPBEARISH01/21/28$91.05$90.7$90.7$220.00$199.5K23669AMATCALLTRADEBEARISH01/21/28$89.45$89.4$89.4$220.00$196.6K23647

About Applied Mat

Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

Applied Mat's Current Market Status

- Trading volume stands at 3,997,604, with AMAT's price up by 0.63%, positioned at $267.01.

- RSI indicators show the stock to be may be approaching overbought.

- Earnings announcement expected in 71 days.

What The Experts Say On Applied Mat

5 market experts have recently issued ratings for this stock, with a consensus target price of $236.0.

\\* An analyst from Craig-Hallum downgraded its action to Hold with a price target of $190.

\\* An analyst from Wells Fargo persists with their Overweight rating on Applied Mat, maintaining a target price of $255.

\\* An analyst from Mizuho has decided to maintain their Neutral rating on Applied Mat, which currently sits at a price target of $205.

\\* Reflecting concerns, an analyst from B. Riley Securities lowers its rating to Buy with a new price target of $270.

\\* An analyst from JP Morgan has decided to maintain their Overweight rating on Applied Mat, which currently sits at a price target of $260.

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.

Financial giants have made a conspicuous bearish move on Applied Mat. Our analysis of options history for Applied Mat (NASDAQ: AMAT) revealed 42 unusual trades.

### Expected Price Movements

### Volume & Open Interest Development

### Applied Mat 30-Day Option Volume & Interest Snapshot

!Options Call Chart

### Noteworthy Options Activity:

**Symbol****PUT/CALL****Trade Type****Sentiment****Exp. Date****Ask****Bid****Price****Strike Price****Total Trade Price****Open Interest****Volume**AMATPUTTRADENEUTRAL01/16/26$12.9$12.2$12.5$260.00$750.0K125606AMATCALLTRADEBEARISH09/18/26$57.5$56.3$56.3$240.00$281.5K2340AMATCALLTRADEBULLISH01/16/26$97.85$95.65$97.49$170.00$243.7K1.8K26AMATCALLSWEEPBEARISH01/21/28$91.05$90.7$90.7$220.00$199.5K23669AMATCALLTRADEBEARISH01/21/28$89.45$89.4$89.4$220.00$196.6K23647

### About Applied Mat

### Applied Mat's Current Market Status

- Trading volume stands at 3,997,604, with AMAT's price up by 0.63%, positioned at $267.01.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 71 days.

### What The Experts Say On Applied Mat

5 market experts have recently issued ratings for this stock, with a consensus target price of $236.0.

\\* An analyst from Craig-Hallum downgraded its action to Hold with a price target of $190.
\\* An analyst from Wells Fargo persists with their Overweight rating on Applied Mat, maintaining a target price of $255.
\\* An analyst from Mizuho has decided to maintain their Neutral rating on Applied Mat, which currently sits at a price target of $205.
\\* Reflecting concerns, an analyst from B. Riley Securities lowers its rating to Buy with a new price target of $270.
\\* An analyst from JP Morgan has decided to maintain their Overweight rating on Applied Mat, which currently sits at a price target of $260.

<p>Financial giants have made a conspicuous bearish move on Applied Mat. Our analysis of options history for Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMAT">AMAT</a>) revealed 42 unusual trades.</p>
<p>Delving into the details, we found 42% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,594,840, and 27 were calls, valued at $2,160,628.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $350.0 for Applied Mat, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Applied Mat's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Applied Mat's whale trades within a strike price range from $170.0 to $350.0 in the last 30 days. </p>
<h3>Applied Mat 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1764788462_0.png" alt="Options Call Chart" /></p>

<h3>Noteworthy Options Activity:</h3>
<p><table style="overflow:auto; height: 90px; display: block;">
<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 align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AMAT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$12.9</td>
<td>$12.2</td>
<td>$12.5</td>
<td>$260.00</td>
<td>$750.0K</td>
<td>125</td>
<td align="right">606</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/18/26</td>
<td>$57.5</td>
<td>$56.3</td>
<td>$56.3</td>
<td>$240.00</td>
<td>$281.5K</td>
<td>234</td>
<td align="right">0</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$97.85</td>
<td>$95.65</td>
<td>$97.49</td>
<td>$170.00</td>
<td>$243.7K</td>
<td>1.8K</td>
<td align="right">26</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/21/28</td>
<td>$91.05</td>
<td>$90.7</td>
<td>$90.7</td>
<td>$220.00</td>
<td>$199.5K</td>
<td>236</td>
<td align="right">69</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/21/28</td>
<td>$89.45</td>
<td>$89.4</td>
<td>$89.4</td>
<td>$220.00</td>
<td>$196.6K</td>
<td>236</td>
<td align="right">47</td>
</tr>
</tbody>
</table></p>
<h3>About Applied Mat</h3>
<p>Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.</p>
<h3>Applied Mat's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,997,604, with AMAT's price up by 0.63%, positioned at $267.01.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 71 days.</li>
</ul>
<h3>What The Experts Say On Applied Mat</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $236.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.
&#x2A; An analyst from Craig-Hallum downgraded its action to Hold with a price target of $190. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Applied Mat, maintaining a target price of $255. 
&#x2A; An analyst from Mizuho has decided to maintain their Neutral rating on Applied Mat, which currently sits at a price target of $205. 
&#x2A; Reflecting concerns, an analyst from B. Riley Securities lowers its rating to Buy with a new price target of $270.
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Applied Mat, which currently sits at a price target of $260. </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 Applied Mat, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.</p>

Metadata

Author:

Benzinga Insights

Image URL:

https://cdn.benzinga.com/files/imagecache/250x187xUP/images/story/2025/11/06/movers_2.jpg

Tickers:

AMAT

Updated At:

December 03, 2025 at 3:01 PM

Benzinga Channels:

Options, Markets

Benzinga Tags:

BZI-UOA

Teaser:

Benzinga Stocks:

AMAT (NASDAQ)

Benzinga Article ID:

49193074