Spotlight on Taiwan Semiconductor: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Taiwan Semiconductor (NYSE:TSM) with significant options activity. Benzinga's options scanner detected 85 uncommon trades, with 51% being bearish. The price range focus is between $100.0 and $210.0. Analysts have mixed ratings, with a consensus target price of $230.0.
August 07, 2024 | 8:31 pm
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NEGATIVE IMPACT
Significant bearish options activity detected for Taiwan Semiconductor (NYSE:TSM), with 51% of trades being bearish. Analysts have mixed ratings, with a consensus target price of $230.0.
The detection of significant bearish options activity suggests that major investors are expecting a decline in TSM's stock price. This sentiment is reinforced by the mixed analyst ratings, despite a high consensus target price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100