A whale with a lot of money to spend has taken a noticeably bearish stance on Applied Materials.
Looking at options history for Applied Materials (NASDAQ:AMAT) we detected 11 strange trades.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares traded lower by 6.67% to $63.36 this week amid overall market weakness and a rise in the 10-year treasury yield, which is hovering around a decade high of 4%.
Someone with a lot of money to spend has taken a bullish stance on Applied Materials (NASDAQ:AMAT).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.