What the Options Market Tells Us About Texas Instruments
Portfolio Pulse from Benzinga Insights
Options market activity for Texas Instruments (NASDAQ:TXN) shows a bullish sentiment among investors, with 54% of trades being bullish and 45% bearish. The trading volume and open interest analysis indicate a focus on a price range between $130.0 and $210.0. The largest trades include both bullish and bearish positions, with significant amounts invested in puts and calls. Texas Instruments, a leading semiconductor manufacturer, has seen its stock price slightly decrease by 0.06% to $172.48, with analysts giving an average target price of $170.0. The company's next earnings report is expected in 32 days.
March 22, 2024 | 8:45 pm
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Options market activity indicates a bullish sentiment towards TXN, with a focus on a price range between $130.0 and $210.0. Analysts have set an average target price of $170.0, slightly below the current price of $172.48.
The bullish sentiment in the options market, combined with the current stock price being slightly above the analysts' target price, suggests a positive short-term outlook for TXN. However, the close proximity to the target price and the upcoming earnings report could introduce volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100