This Is What Whales Are Betting On Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Taiwan Semiconductor (NYSE:TSM), with a mix of 44% bullish and 55% bearish options trades. The significant trades aim for a price range of $80.0 to $200.0 over the next three months. The largest trades include both puts and calls with varying sentiments. TSM, the world's largest dedicated chip foundry, currently trades at $134.05, with potential overbought signals and an anticipated earnings release in 69 days. Barclays maintains an Overweight rating with a target price of $125.
February 09, 2024 | 8:01 pm
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NEUTRAL IMPACT
Whales' bearish stance and mixed options trades indicate uncertainty, but Barclays' Overweight rating suggests confidence. The stock's current performance and upcoming earnings could influence short-term price movements.
The bearish stance from significant investors suggests potential downside risks, while the bullish options trades and Barclays' positive outlook provide a counterbalance. The upcoming earnings release adds to the uncertainty, making the short-term impact neutral as these factors could pull the stock in either direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100