Taiwan Semiconductor Unusual Options Activity For November 03
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Taiwan Semiconductor (NYSE:TSM), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The price of TSM is up 2.07% at $92.36. Needham has downgraded its action to Buy with a price target of $115.
November 03, 2023 | 7:15 pm
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Unusual options activity has been observed for Taiwan Semiconductor (NYSE:TSM), indicating a bullish stance. The price of TSM is up 2.07% at $92.36. Needham has downgraded its action to Buy with a price target of $115.
The unusual options activity, particularly the bullish stance, indicates that there may be significant movement in the stock price of Taiwan Semiconductor in the near future. This, combined with the recent price increase and the downgrade by Needham, suggests that the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100