Market Whales and Their Recent Bets on TSM Options
Portfolio Pulse from Benzinga Insights
Market whales have taken a bullish stance on Taiwan Semiconductor (NYSE:TSM), with 21 options trades spotted by Benzinga's scanner. The sentiment is split with 47% bullish and 38% bearish. The major market movers are focusing on a price band between $100.0 and $165.0. Trading volume stands at 1,965,632, with TSM's price down by -0.73%, positioned at $154.45. Analysts have mixed ratings with a consensus target price of $159.0.
May 16, 2024 | 2:16 pm
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Market whales have shown a bullish stance on Taiwan Semiconductor (NYSE:TSM) with 21 options trades, indicating potential price movements between $100.0 and $165.0. The stock is currently trading at $154.45, down by -0.73%. Analysts have mixed ratings with a consensus target price of $159.0.
The significant number of bullish options trades (20 calls vs. 1 put) suggests that major market players expect TSM's price to rise. The current trading volume and price, along with mixed analyst ratings, indicate a potential upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100