Lam Research (LRCX) Offering Possible 59.24% Return Over the Next 7 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 $187.50 short put and a strike $182.50 long put offers a potential 59.24% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $1.86 would be kept by the premium seller. The risk of $3.14 would be incurred if the stock dropped below the $182.50 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 64.55 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

Top Chip Equipment Makers' Earnings Bode Well for the Industry
Thu, 02 Aug 2018 20:21:00 +0000
Leading chip equipment makers have done a pretty good job this earnings season of dispelling worst-case fears about their industry. , the world's biggest chip equipment maker, is set to deliver its July quarter report on August 16th.

Lam Research Corporation Announces Participation at Upcoming Conference
Thu, 02 Aug 2018 20:05:00 +0000
FREMONT, Calif., Aug. 02, 2018– Lam Research Corporation today announced its upcoming investor conference schedule:. August 14 th, 2018– KeyBanc Capital Markets 20 th Annual Technology Leadership Forum …

Is Tech Overpriced? Not These 5 Stocks
Wed, 01 Aug 2018 16:41:00 +0000
In a rough few days for FANG stocks before Tuesday’s boost, investors suddenly seem to have realized that stock valuations matters, even for tech superstars. The short answer is “not quite.” The average forward P/E ratio of companies in the Nasdaq 100 index, the 100 largest non-financial companies listed on the tech-heavy Nasdaq Stock Market, remains a lofty 21.7, compared to 17.5 for the S&P 500, according to FactSet. Of course, not all tech companies are so pricey–but that discount is often justified.

Jim Cramer: Lam Research May Not Be Bottoming Yet
Tue, 31 Jul 2018 23:01:00 +0000
, called the bottom in the semiconductor capital equipment cycle. Martin is confident that the big semi companies are maintaining their discipline, meaning they are not going to flood the world with chips in boom-bust fashion.

Rewind: Jim Cramer on Facebook, 3M, Caterpillar and Applied Materials
Tue, 31 Jul 2018 22:25:00 +0000
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Tuesday's trending stocks from the floor of the New York Stock Exchange.

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