LRCX options flow: unusual options activity in Lam Research Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 499 unusual options prints in Lam Research Corp. (LRCX), $51.0M of tracked premium, leaning bullish. Bullish premium was $20.3M against $14.5M bearish; $22.7M went into calls and $28.3M into puts, a put call ratio of 1.25. The largest print was $9.8M of LRCX 21 Jan 2028 $370 puts on 22 September 2026, executed at ask. The last session with prints, 28 September 2026, added 2 prints and $284K of premium. LRCX closed at $315.21 on 25 September 2026, up 2.6%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | LRCX 21 Jan 2028 $370 puts | Trade | 850 | 236 | $9.8M | At ask | Neutral | Whale |
| 25 Sep 2026 | LRCX 16 Jun 2028 $410 puts | Trade | 200 | 0 | $2.9M | At bid | Bullish | Whale |
| 23 Sep 2026 | LRCX 19 Jan 2029 $300 calls | Sweep | 98 | 17 | $1.2M | At ask | Bullish | Whale |
| 24 Sep 2026 | LRCX 19 Jan 2029 $300 calls | Trade | 82 | 141 | $955K | At bid | Neutral | Notable |
| 25 Sep 2026 | LRCX 2 Oct 2026 $315 calls | Trade | 829 | 340 | $821K | At bid | Bearish | High conviction |
| 25 Sep 2026 | LRCX 19 Mar 2027 $300 puts | Trade | 136 | 1,753 | $558K | At ask | Bearish | Notable |
| 22 Sep 2026 | LRCX 20 Nov 2026 $290 calls | Trade | 120 | 417 | $481K | At ask | Bullish | Notable |
| 22 Sep 2026 | LRCX 15 Jan 2027 $320 puts | Trade | 100 | 815 | $456K | At ask | Bearish | |
| 22 Sep 2026 | LRCX 15 Jan 2027 $310 puts | Sweep | 101 | 1,111 | $420K | At ask | Bearish | High conviction |
| 22 Sep 2026 | LRCX 17 Jun 2027 $400 puts | Sweep | 34 | 282 | $405K | Below bid | Bullish | High conviction |
| 24 Sep 2026 | LRCX 23 Oct 2026 $320 puts | Trade | 120 | 21 | $393K | At bid | Bullish | High conviction |
| 23 Sep 2026 | LRCX 20 Nov 2026 $330 puts | Sweep | 88 | 802 | $379K | At bid | Bullish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 21 Jan 2028 | 27 | $11.1M | 11% | +$278K |
| 15 Jan 2027 | 62 | $5.8M | 46% | -$982K |
| 19 Mar 2027 | 75 | $4.9M | 31% | -$417K |
| 16 Oct 2026 | 63 | $4.8M | 93% | +$1.3M |
| 17 Jun 2027 | 53 | $4.0M | 41% | +$1.1M |
| 20 Nov 2026 | 41 | $3.4M | 53% | +$1.6M |
The most premium, $11.1M, is aimed at the 21 Jan 2028 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | LRCX 16 Oct 2026 $310 calls | Sweep | 120 | 1,156 | $242K | At bid | Bearish | High conviction |
| 28 Sep 2026 | LRCX 21 Jan 2028 $380 calls | Trade | 6 | 469 | $42K | At ask | Neutral |
Every print in LRCX with its full detail, the live tape, one tap filters and saved screeners: open LRCX in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open LRCX in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 19 firms, have a median of $367, 16.4% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Lam Research Corp.
- Exchange
- Nasdaq
- Sector
- Information Technology
- Industry
- Machinery
- Headquarters
- Fremont, California
- Website
- lamresearch.com
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally.
In the same sector
Flow pages for other Information Technology names in the S&P 500:
NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for LRCX with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open LRCX in Options Sentiment Screener