Someone with a lot of money to spend has taken a bearish stance on Texas Instruments TXN.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TXN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Texas Instruments.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $95,450, and 11, calls, for a total amount of $360,800..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $195.0 for Texas Instruments over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Texas Instruments options trades today is 696.17 with a total volume of 1,448.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Texas Instruments's big money trades within a strike price range of $100.0 to $195.0 over the last 30 days.
Texas Instruments Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TXN | PUT | TRADE | BEARISH | 01/19/24 | $155.00 | $95.4K | 1.2K | 103 |
| TXN | CALL | TRADE | BEARISH | 01/19/24 | $195.00 | $39.0K | 1.4K | 214 |
| TXN | CALL | SWEEP | BEARISH | 01/19/24 | $195.00 | $36.9K | 1.4K | 397 |
| TXN | CALL | TRADE | BULLISH | 06/16/23 | $160.00 | $35.0K | 589 | 103 |
| TXN | CALL | TRADE | NEUTRAL | 06/16/23 | $160.00 | $35.0K | 589 | 53 |
Where Is Texas Instruments Standing Right Now?
- With a volume of 1,532,675, the price of TXN is down -0.94% at $161.82.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 82 days.
What The Experts Say On Texas Instruments:
- Morgan Stanley has decided to maintain their Underweight rating on Texas Instruments, which currently sits at a price target of $159.
- Citigroup has decided to maintain their Neutral rating on Texas Instruments, which currently sits at a price target of $173.
- Keybanc has decided to maintain their Overweight rating on Texas Instruments, which currently sits at a price target of $200.
- B of A Securities has decided to maintain their Neutral rating on Texas Instruments, which currently sits at a price target of $195.
- Truist Securities has decided to maintain their Hold rating on Texas Instruments, which currently sits at a price target of $178.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Texas Instruments, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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