Lam Research (LRCX) Offering Possible 26.58% Return Over the Next 22 Calendar Days

Lam Research's most recent trend suggests a bullish bias. One trading opportunity on Lam Research is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 26.58% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $165.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Lam Research is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Lam Research is bearish.

The RSI indicator is at 27.55 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Lam Research

Lam Research (LRCX) Stock Sinks As Market Gains: What You Should Know
Tue, 28 Aug 2018 21:45:09 +0000
In the latest trading session, Lam Research (LRCX) closed at $174.14, marking a -1.16% move from the previous day.

Memory Exposure Drives BofA Downgrade Of Lam Research, Applied Materials; Analyst Says KLA-Tencor A Defensive Pick
Tue, 28 Aug 2018 18:09:20 +0000
Bank of America Merrill Lynch is projecting slackened demand for wafer fab equipment, making the sell-side firm wary of  semiconductor equipment makers. The Analyst Analyst Vivek Arya downgraded shares …

Valuation is Going to Get the Market…Eventually
Tue, 28 Aug 2018 14:38:51 +0000
Right now, with the first two quarters reports, and two more to come, S&P 500 (SPY) earnings are expected to grow 24% this year – impressive.  Obviously, the tax bill helps a lot here.  So at the end of last year (before a lot of the numbers were revised up), the SPX traded at 19x forward multiple.  But what about next year?  Right now, SPX earnings are expected to grow – ready for it?  13%.  That is a huge cliff.  So the market is trying to figure out what to pay.  Right now, investors have settled on 17x – not right in  the middle of 26% and 11.5% – but somewhere in there.  Could that number go higher before we edge even closer to the cliff?  Sure.  But eventually these stocks have to come down to earth. Is the Nasdaq different?

Does Lam Research Corporation’s (NASDAQ:LRCX) CEO Pay Matter?
Thu, 23 Aug 2018 20:05:06 +0000
Leading Lam Research Corporation (NASDAQ:LRCX) as the CEO, Martin Anstice took the company to a valuation of US$27.48b. Understanding how CEOs are incentivised to run and grow their company isRead More…

Lam Research Corporation Announces Participation at Upcoming Conference
Wed, 22 Aug 2018 20:05:00 +0000
FREMONT, Calif., Aug. 22, 2018– Lam Research Corporation today announced its upcoming investor conference schedule:. September 5 th, 2018– Citi’ s 2018 Global Technology Conference@ 12:45 p.m. Pacific …

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