Taiwan Semiconductor Unusual Options Activity For August 16
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity for Taiwan Semiconductor (NYSE:TSM), with a bearish sentiment prevailing. Benzinga's options scanner highlighted 20 significant options activities, with 60% of the sentiment being bearish. The price window eyed by these investors ranges from $135.0 to $220.0. The current trading volume is 1,666,130, with the stock price down by -0.26% to $173.5. Analysts have mixed ratings, with a consensus target price of $236.67.
August 16, 2024 | 2:18 pm
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Unusual options activity for Taiwan Semiconductor (NYSE:TSM) indicates a bearish sentiment among deep-pocketed investors. 60% of the options trades are bearish, with a price window of $135.0 to $220.0. The stock is currently trading at $173.5, down by -0.26%.
The significant bearish sentiment among deep-pocketed investors, as indicated by the unusual options activity, suggests potential downward pressure on TSM's stock price in the short term. The current trading volume and slight price decrease further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100