Taiwan Semiconductor's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
A significant number of investors have shown interest in Taiwan Semiconductor (NYSE:TSM) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 74 unusual trades, indicating a split sentiment with 48% bullish and 51% bearish. The trades include 21 puts and 53 calls, with a focus on a price range of $90.0 to $200.0 for TSM. The largest trades include both calls and puts with varying sentiments and strike prices. Taiwan Semiconductor, a leading chip foundry with a substantial market share, has seen its stock price increase by 3.23% to $140.44. The company is approaching its next earnings report in 17 days, with an analyst from Bernstein maintaining an Outperform rating and a target price of $150.
April 01, 2024 | 6:31 pm
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Taiwan Semiconductor has seen a flurry of options activity indicating mixed investor sentiment. The stock has recently increased by 3.23% to $140.44, with an upcoming earnings report. An analyst maintains an Outperform rating with a target price of $150.
The significant options activity, combined with the stock's recent price increase and the upcoming earnings report, suggests potential for further price movement. The analyst's Outperform rating and target price of $150 provide additional positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100