Taiwan Semiconductor Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Taiwan Semiconductor (NYSE:TSM). Of the 10 unusual trades detected, 70% were bearish and 30% bullish. The total amount for the 4 put trades was $961,823, while the 6 call trades amounted to $365,501. Whales have been targeting a price range from $55.0 to $95.0 for TSM over the last 3 months. The current price of TSM is up 0.53% at $91.7, with RSI indicators suggesting the stock may be approaching overbought territory.
September 14, 2023 | 5:47 pm
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Bearish options activity has been observed for Taiwan Semiconductor. Whales have been targeting a price range from $55.0 to $95.0 for TSM over the last 3 months. The current price of TSM is up 0.53% at $91.7.
The bearish options activity indicates that investors are expecting the price of TSM to decrease. The targeted price range by whales also suggests that there is a potential for the price to move within this range. The current price increase and the RSI indicators suggesting overbought conditions could potentially lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100