Taiwan Semiconductor Unusual Options Activity For July 27
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 54% bullish and 45% bearish. The whales have been targeting a price range from $70.0 to $140.0 for Taiwan Semiconductor over the last 3 months. Susquehanna maintains a Positive rating on TSM with a price target of $135, while Needham downgraded its action to Buy with a price target of $118.
July 27, 2023 | 2:31 pm
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Unusual options activity indicates a bullish stance on Taiwan Semiconductor. The sentiment among big-money traders is split between 54% bullish and 45% bearish.
The unusual options activity, with a majority being bullish, indicates that there is a potential for the stock price to increase. This is further supported by the positive rating from Susquehanna and the buy rating from Needham.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100