Unpacking the Latest Options Trading Trends in Texas Instruments
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Texas Instruments (NASDAQ:TXN) with significant options trading activity. The options activity is unusual, with 55% of trades being bearish. The stock is currently trading at $206.0, up by 2.15%, but may be approaching overbought levels.
October 04, 2024 | 7:32 pm
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Texas Instruments (TXN) is experiencing unusual options trading activity with a bearish sentiment from investors. 55% of the options trades are bearish, indicating potential downward pressure on the stock. The stock is currently trading at $206.0, up by 2.15%, but may be approaching overbought levels.
The article highlights significant bearish options activity for TXN, with 55% of trades being puts. This suggests investors expect a potential decline in the stock price. The current stock price increase and overbought RSI values further support the likelihood of a short-term price correction.
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