Looking At Taiwan Semiconductor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The sentiment among these big-money traders is split between 68% bullish and 31% bearish. The whales have been targeting a price range from $50.0 to $120.0 for Taiwan Semiconductor over the last 3 months. Susquehanna has maintained their Positive rating on Taiwan Semiconductor, with a price target of $128.
July 11, 2023 | 6:49 pm
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Unusual options activity indicates a bullish stance on Taiwan Semiconductor. The sentiment among big-money traders is 68% bullish and 31% bearish.
The unusual options activity, with a majority being bullish, indicates that there is a belief among big-money traders that the stock price will rise. This could lead to increased buying pressure, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100