Applied Materials Stock Is Down on Earnings. Here’s What Barchart Options Data Says Could Come Next for AMAT.

Applied Materials (AMAT) stock tumbled on Aug. 14 after the semiconductor equipment maker reported lower-than-expected revenue for its third financial quarter.

AMAT posted better-than-expected earnings of $3.50 on a per-share basis for its fiscal Q2, but a 25% year-over-year increase in revenue to $9.12 billion came in shy of the $9.18 billion that analysts had forecast.

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Following the post-earnings dip, Applied Materials shares are down nearly 32% versus their year-to-date high.

Despite the revenue miss, options traders remain undeterred, believing the recent slide has actually created a buying opportunity in AMAT shares.