Taiwan Semiconductor Unusual Options Activity For August 08
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 75% bullish and 25% bearish. The whales have been targeting a price range from $90.0 to $105.0 for Taiwan Semiconductor over the last 3 months. Needham downgraded its action to Buy with a price target of $118, while Susquehanna and Needham maintained their Positive and Buy ratings respectively, with price targets of $135 and $115.
August 08, 2023 | 2:02 pm
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Unusual options activity indicates a bullish stance on Taiwan Semiconductor. The sentiment among big-money traders is 75% bullish. Analysts have set price targets ranging from $90 to $135.
The unusual options activity, with a majority being bullish, indicates that big-money traders are expecting the stock price to rise. This is further supported by the price targets set by analysts, which are all above the current stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100