Whales with a lot of money to spend have taken a noticeably bullish stance on Taiwan Semiconductor.
Looking at options history for Taiwan Semiconductor TSM we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $643,676 and 7, calls, for a total amount of $824,591.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $105.0 for Taiwan Semiconductor over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Taiwan Semiconductor options trades today is 5459.33 with a total volume of 8,788.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Taiwan Semiconductor's big money trades within a strike price range of $90.0 to $105.0 over the last 30 days.
Taiwan Semiconductor Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSM | CALL | SWEEP | BULLISH | 03/15/24 | $100.00 | $568.1K | 3.5K | 1.0K |
| TSM | CALL | SWEEP | BULLISH | 02/16/24 | $95.00 | $66.3K | 2.7K | 101 |
| TSM | PUT | SWEEP | BEARISH | 02/16/24 | $100.00 | $55.0K | 228 | 722 |
| TSM | PUT | SWEEP | BEARISH | 02/16/24 | $100.00 | $55.0K | 228 | 645 |
| TSM | PUT | TRADE | BULLISH | 02/16/24 | $100.00 | $54.3K | 228 | 422 |
About Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
Current Position of Taiwan Semiconductor
- With a trading volume of 4,370,279, the price of TSM is down by -0.46%, reaching $96.99.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 59 days from now.
What Analysts Are Saying About Taiwan Semiconductor
1 market experts have recently issued ratings for this stock, with a consensus target price of $115.0.
- An analyst from Needham downgraded its action to Buy with a price target of $115.
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 Taiwan Semiconductor options trades with real-time alerts from Benzinga Pro.
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