Bullish Options Activity in Lam Research (LRCX) Amid Support from Analysts, Despite 5.5% Fall in Shares on Lower Shipment Guidance -Susquehanna
Susquehanna options strategist Alison Edwards notes bullish options activity in Lam Research (NASDAQ: LRCX), as an investor bought 2k Apr 210/Jul 250 call spreads for $1.95, rolling long calls out/up into the Jul options. The order comes amid multiple price target boosts from multiple analysts supporting the shares after management offered lower shipment guidance. LRCX is down over 5% on the session.