Texas Instruments Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Texas Instruments (NASDAQ:TXN), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $160.0 to $200.0 for Texas Instruments over the last 3 months. The current price of TXN is down -2.04% at $179.92, and RSI indicators suggest the stock may be approaching overbought. The next earnings are expected to be released in 5 days.
July 20, 2023 | 8:46 pm
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Texas Instruments has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently down, and it may be approaching overbought according to RSI indicators.
The bearish sentiment observed in the unusual options activity suggests that investors are expecting the price of Texas Instruments to decrease. This, combined with the current decrease in stock price and the indication that the stock may be overbought, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100