Taiwan Semiconductor Unusual Options Activity For October 23
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The price range targeted by these investors for TSM over the last 3 months is $75.0 to $115.0. The current price of TSM is down -1.64% at $89.81. Needham has downgraded its action to Buy with a price target of $115.
October 23, 2023 | 5:01 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Taiwan Semiconductor. The sentiment among big-money traders is 60% bearish.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in the short term for Taiwan Semiconductor's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100