Investors with a lot of money to spend have taken a bullish stance on Tower Semiconductor TSEM.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TSEM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Tower Semiconductor.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $84,050, and 7 are calls, for a total amount of $363,740.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $45.0 for Tower Semiconductor during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Tower Semiconductor options trades today is 5930.12 with a total volume of 6,911.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Tower Semiconductor's big money trades within a strike price range of $30.0 to $45.0 over the last 30 days.
Tower Semiconductor 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSEM | CALL | TRADE | BULLISH | 07/19/24 | $3.6 | $2.3 | $3.6 | $37.00 | $72.0K | 2.3K | 5 |
| TSEM | CALL | TRADE | BULLISH | 10/18/24 | $3.2 | $3.0 | $3.13 | $41.00 | $68.8K | 5.6K | 1.0K |
| TSEM | CALL | TRADE | BEARISH | 06/21/24 | $3.6 | $3.3 | $3.3 | $37.00 | $66.0K | 973 | 5 |
| TSEM | CALL | TRADE | BEARISH | 01/17/25 | $2.8 | $2.65 | $2.69 | $45.00 | $59.1K | 278 | 1.0K |
| TSEM | PUT | SWEEP | BULLISH | 01/17/25 | $0.9 | $0.8 | $0.8 | $32.00 | $44.0K | 97 | 450 |
About Tower Semiconductor
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a range of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.
Present Market Standing of Tower Semiconductor
- Currently trading with a volume of 631,306, the TSEM's price is up by 1.46%, now at $39.63.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 36 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tower Semiconductor options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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