Transition to trading perspective on Applied Materials with portfolio manager Joe Tigi.
Sam
Joe Tigi
Looking for 6% move to upside as priced by options market.
Joe Tigi
Looking for projections for rest of year and beyond, particularly move to 2nm chips where Applied Materials is well positioned.
Joe Tigi
Bottom line looking for upside, expecting spending to deliver for Applied Materials.
Joe Tigi
Using 340-360 vertical in February expiring next Friday for upside exposure if beat and raise occurs.