Lam Research (LRCX) Offering Possible 12.78% Return Over the Next 31 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 $67.50 short put and a strike $60.00 long put offers a potential 12.78% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $6.65 would be incurred if the stock dropped below the $60.00 long put strike price.

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

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

The RSI indicator is at 49.13 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Lam Research

Lam Research Slips: FYQ1 Beats, Q2 View Light
Wed, 22 Oct 2014 21:19:00 GMT
Barrons.com – Shares of chip equipment vendor Lam Research (LRCX) are down $2.02, or almost 3%, at $69.85, in late trading, after the company this afternoon reported fiscal Q1 revenue that met analysts' expectations, and beat on the bottom line, but forecast this quarter's revenue and earnings below consensus. For the current quarter, the company sees revenue of $1.18 billion to $1.28 billion, and earnings per share in a range of $1.05 to $1.19. CEO Martin Anstice called the results “strong,”continuing what he said was the company's “theme of outperformance relative to the semiconductor equipment industry.” We are executing on the tremendous opportunity in front of us as key technology inflections in areas like multi-patterning, FinFET, 3DNAND and advanced packaging drive a multi-year, significant expansion in our served market. Deferred revenue at quarter's end was $356.8 million, down from $361.2 million in June.

Lam Research Corporation Reports Financial Results for the Quarter Ended September 28, 2014
Wed, 22 Oct 2014 21:03:30 GMT
noodls – /releasedetail.cfm?ReleaseID=877101 Previous Release FREMONT, CA — (Marketwired) — 10/22/14 — Lam Research Corp.(NASDAQ: LRCX) today announced financial results for the quarter ended September 28, 2014. …

Lam Research beats 1Q profit expectations
Wed, 22 Oct 2014 20:42:59 GMT
AP – The Fremont, California-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, were 96 cents per share. The results exceeded Wall Street expectations. …

Lam Research beats 1Q profit expectations
Wed, 22 Oct 2014 20:42:59 GMT
AP – The Fremont, California-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, were 96 cents per share. The results exceeded Wall Street expectations. …

4:14 pm Lam Research beats by $0.02, reports revs in-line; guides DecQ EPS in-line, revs in-line
Wed, 22 Oct 2014 20:14:00 GMT

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