/Lam%20Research%20sign%20and%20logo%20at%20semiconductor%20company%20By%20MichaelVi.jpeg)
Semiconductor processing equipment designer Lam Research (LRCX) releases its fiscal Q1 results on Wednesday, Oct. 21, for the quarter ending Sept. 2026. Analysts forecast higher revenue and FCF. Shorting out-of-the-money (OTM) LRCX puts is an attractive play.
LRCX closed at $263.94 on Friday, Oct. 16, down almost 5%. It's been on a downtrend for the last two weeks, as Barchart's chart below shows. It peaked at $347.49 on Oct. 2 and is now near 3-month lows. That's a 24% decline in just two weeks.
