Spotlight on Taiwan Semiconductor: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bullish trend in options activity for Taiwan Semiconductor (NYSE:TSM), with 39 unusual trades indicating a mix of bullish and bearish sentiments. The majority of trades are bullish, with a focus on a price range between $70.0 and $160.0. Notable options activity includes both puts and calls with varying sentiments and expiration dates. Taiwan Semiconductor, a leading chip foundry with a 60% market share, serves top clients like Apple, AMD, and Nvidia. The company's stock is currently down by -1.03%, trading at $138.79, with an earnings announcement expected in 23 days. Analysts maintain an Outperform rating with a target price of $150.0.
March 26, 2024 | 3:01 pm
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Taiwan Semiconductor has seen a bullish trend in options activity, with a significant focus on a price range between $70.0 and $160.0. The company's stock is currently trading at $138.79, down by -1.03%, with an earnings announcement expected in 23 days. Analysts maintain an Outperform rating with a target price of $150.0.
The bullish options activity, combined with the analyst's Outperform rating and a target price of $150, suggests a positive short-term outlook for TSM. The upcoming earnings announcement could further influence the stock's performance, making it a key asset to watch.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100