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Today, there is a high volume of out-of-the-money (OTM) put options activity in Lam Research Corp. (LRCX) for a longer-dated expiry. That highlights the underlying value of LRCX stock, which could be worth 27% more.
LRCX is at $376.19 in morning trading on June 16, down 2.6%. The stock is off its recent peak of $388.92 set yesterday. Today's unusual put option activity in this semiconductor processing equipment company stock could indicate that some investors think LRCX is due for a fall.
