Taiwan Semiconductor Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The sentiment among big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $75.0 to $120.0 for Taiwan Semiconductor over the last 3 months. The price of TSM is up 0.93% at $85.07, and RSI indicators suggest that the stock may be oversold. The next earnings are expected to be released in 15 days.
September 27, 2023 | 7:16 pm
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Unusual options activity indicates a bearish stance on Taiwan Semiconductor. The sentiment among big-money traders is 69% bearish, targeting a price range of $75-$120. The stock price is up 0.93% at $85.07.
The unusual options activity, with a significant bearish sentiment among big-money traders, indicates that there may be a downward pressure on the stock price of Taiwan Semiconductor in the short term. The targeted price range also suggests a potential downside from the current price level. However, the stock is currently up 0.93% and RSI indicators suggest it may be oversold, which could potentially limit the downside.
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IMPORTANCE 80
RELEVANCE 100