- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- UAE Markets Seen Limit Down on Monday Open
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Big US Banks May Be Forced to Raise Capital: Bove
- Tiger Woods Accepts Full Blame for Car Crash
RSS FEED
CNBC Stock Blog
Text Size 
Traders are buying large blocks of puts in Applied Materials as the company's stock continues to slide, after it reported weak earnings early last week.
The chip equipment maker's stock [AMAT
Loading...
()
] has fallen some 20 percent since reporting a 35 percent drop in year-over-year revenues and a quarterly loss of $133 million, closing yesterday at $8.34.
The options activity was focused on AMAT's July 7 and July 8 puts, bought in significant blocks for $0.75 and $1.20 respectively, according to OptionMonster's tracking systems.
A large cash balance and low debt are positives for Applied Materials, but the institutional put buying points to some negative pressure that may still exist on the battered stock, which is down about 62 percent from its 52-week high. AMAT has jumped into solar energy but expects no orders for its SunFab panel technologies in 2009.
Disclosures:
I have positions in AMAT.
_______________________________
Chip Industry Players:
Micron Technology [MU
Loading...
()
]
Intel [INTC
Loading...
()
]
Rambus [RMBS
Loading...
()
]
Semiconductor HOLDRS ETF [SMH
Loading...
()
]
_______________________________
Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes