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KLA Corporation KLAC

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS
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Market dataready · fetched 2026-10-16T00:17:29.957Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

PriceAlpaca · sip · 2026-10-15T23:57:45.942929841Z

FundamentalsAlpha Vantage · quarter 2026-06-30 · fetched 2026-10-16T00:17:29.080159+00:00

Research2026-08-31 · 3 entries · 23 trades · 0 option records · 6747 price bars

Share price$173.24
1D-1.0%
AH$168$170$172$174$1765:30 AM6:30 AM9:00 AM1:00 PM2:00 PMKLAC
Sold putSold callAH

KLA Corporation options

Live interpolated KLAC call and put midpoint premiums by absolute delta.KLA Corporation$2.48$11.35$20.23$29.10$37.97$133.79$154.50$175.21$195.93$216.6420Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive KLAC spot · $173.24KLAC PRICE$3.44$4.58$5.83$7.14$8.52$10.23$12.44$14.07$16.12$18.39$20.80$24.27$30.12$3.99$5.23$6.55$8.28$10.16$11.68$14.10$15.91$18.74$22.14$25.23$29.33$35.42
PutsFair0.99×
CallsExpensive1.24×
SkewBullish-5.31 pp
Implied moveBearish±$26.55
TiltBearish8.0% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ208.7861.9%22.5%151.0859.9%15.1%
25Δ202.1362.0%19.3%156.2458.6%12.8%
30Δ196.3162.0%16.7%160.8157.4%11.0%
35Δ190.9561.7%14.3%164.8258.2%9.6%
40Δ185.9661.1%12.3%168.8258.7%8.4%
45Δ181.6162.0%10.7%172.7856.6%7.0%
50Δ177.5464.7%9.7%176.7957.7%6.1%
55Δ173.0063.0%8.0%180.5255.8%5.0%
60Δ168.7162.6%6.7%184.7656.4%4.2%
65Δ164.4162.2%5.5%189.4557.3%3.4%
70Δ160.1361.4%4.4%193.8756.4%2.7%
75Δ155.2462.9%3.6%199.1356.5%2.0%
80Δ148.3669.0%3.0%206.2058.1%1.4%

20Δ

Calls
Pseudo strike
208.78
IV
61.9%
B/E move
22.5%
Puts
Pseudo strike
151.08
IV
59.9%
B/E move
15.1%

25Δ

Calls
Pseudo strike
202.13
IV
62.0%
B/E move
19.3%
Puts
Pseudo strike
156.24
IV
58.6%
B/E move
12.8%

30Δ

Calls
Pseudo strike
196.31
IV
62.0%
B/E move
16.7%
Puts
Pseudo strike
160.81
IV
57.4%
B/E move
11.0%

35Δ

Calls
Pseudo strike
190.95
IV
61.7%
B/E move
14.3%
Puts
Pseudo strike
164.82
IV
58.2%
B/E move
9.6%

40Δ

Calls
Pseudo strike
185.96
IV
61.1%
B/E move
12.3%
Puts
Pseudo strike
168.82
IV
58.7%
B/E move
8.4%

45Δ

Calls
Pseudo strike
181.61
IV
62.0%
B/E move
10.7%
Puts
Pseudo strike
172.78
IV
56.6%
B/E move
7.0%

50Δ

Calls
Pseudo strike
177.54
IV
64.7%
B/E move
9.7%
Puts
Pseudo strike
176.79
IV
57.7%
B/E move
6.1%

55Δ

Calls
Pseudo strike
173.00
IV
63.0%
B/E move
8.0%
Puts
Pseudo strike
180.52
IV
55.8%
B/E move
5.0%

60Δ

Calls
Pseudo strike
168.71
IV
62.6%
B/E move
6.7%
Puts
Pseudo strike
184.76
IV
56.4%
B/E move
4.2%

65Δ

Calls
Pseudo strike
164.41
IV
62.2%
B/E move
5.5%
Puts
Pseudo strike
189.45
IV
57.3%
B/E move
3.4%

70Δ

Calls
Pseudo strike
160.13
IV
61.4%
B/E move
4.4%
Puts
Pseudo strike
193.87
IV
56.4%
B/E move
2.7%

75Δ

Calls
Pseudo strike
155.24
IV
62.9%
B/E move
3.6%
Puts
Pseudo strike
199.13
IV
56.5%
B/E move
2.0%

80Δ

Calls
Pseudo strike
148.36
IV
69.0%
B/E move
3.0%
Puts
Pseudo strike
206.20
IV
58.1%
B/E move
1.4%

Company coverage

Moat

Wide

Dominates semiconductor process-control equipment with 50-60% global market share and 60%+ gross margins. KLA's tools are deeply integrated into chip fabrication — switching costs are prohibitive (customers would essentially need to rebuild factorie…

Physical assets

Moderate

Manufacturing and R&D facilities (Michigan HQ, Newport Wales complex, Chennai innovation hub). The real moat is IP, customer lock-in, and engineering talent — not the physical plants.

Software / hardware

Software35%
Hardware65%

Growth. 50-60% process control monopoly deepens as EUV and advanced packaging nodes demand exponentially more inspection, with 95%+ free cash flow conversion funding R&D reinvestment. Primary assets. Process control equipment IP (50-60% global share…

Latest entries
  1. manual · sw-hw

    Growth. 50-60% process control monopoly deepens as EUV and advanced packaging nodes demand exponentially more inspection, with 95%+ free cash flow conversion funding R&D reinvestment. Primary assets. Process control equipment IP…

  2. manual · physical-assets

    Manufacturing and R&D facilities (Michigan HQ, Newport Wales complex, Chennai innovation hub). The real moat is IP, customer lock-in, and engineering talent — not the physical plants.

  3. manual · moat

    Dominates semiconductor process-control equipment with 50-60% global market share and 60%+ gross margins. KLA's tools are deeply integrated into chip fabrication — switching costs are prohibitive (customers would essentially need…

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Notes

Full portfolio moat / asset analysis

Dominates semiconductor process-control equipment with 50-60% global market share and 60%+ gross margins. KLA's tools are deeply integrated into chip fabrication — switching costs are prohibitive (customers would essentially need to rebuild factories). 11% of revenue spent on R&D. 30%+ ROIC and 95%+ free cash flow conversion indicate extreme pricing power.…

Full portfolio moat / asset analysis

Manufacturing and R&D facilities (Michigan HQ, Newport Wales complex, Chennai innovation hub). The real moat is IP, customer lock-in, and engineering talent — not the physical plants.