Taiwan Semiconductor Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. Benzinga's options scanner spotted 12 trades, with a split sentiment of 25% bullish and 41% bearish. The major market movers are focusing on a price band between $170.0 and $250.0. The stock is currently up 1.32% at $179.59, but RSI indicators suggest it may be overbought. Analysts have mixed ratings with price targets ranging from $168 to $200.
June 18, 2024 | 1:46 pm
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Unusual options activity for Taiwan Semiconductor (NYSE:TSM) shows a bearish sentiment among big-money traders. The stock is currently up 1.32% at $179.59, but RSI indicators suggest it may be overbought. Analysts have mixed ratings with price targets ranging from $168 to $200.
The unusual options activity with a bearish sentiment suggests that big-money traders expect a potential decline in TSM's stock price. The current overbought RSI indicator supports this bearish outlook. Mixed analyst ratings add to the uncertainty, making a short-term decline more likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100