Applied Materials (AMAT) volatility flat at 33 after analyst meeting

Applied Materials (Nasdaq: AMAT) left guidance unchanged yesterday at its analyst day. Goldman Sachs has a $16 price target on AMAT and say's "Applied could be a good relative performer but cyclical risk remains." Overall option implied volatility of 33 is near its six-month average of 32 according to Track Data, suggesting non-directional price movement.

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