Financial giants have made a conspicuous bearish move on Texas Instruments. Our analysis of options history for Texas Instruments TXN revealed 16 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $348,315, and 10 were calls, valued at $498,155.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $160.0 for Texas Instruments during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Texas Instruments options trades today is 1378.0 with a total volume of 4,097.00.
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 $145.0 to $160.0 over the last 30 days.
Texas Instruments Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TXN | PUT | SWEEP | BEARISH | 04/19/24 | $155.00 | $122.9K | 522 | 128 |
| TXN | CALL | TRADE | BEARISH | 04/19/24 | $150.00 | $61.0K | 1.0K | 465 |
| TXN | PUT | TRADE | BULLISH | 04/19/24 | $150.00 | $60.7K | 1.4K | 350 |
| TXN | CALL | TRADE | BEARISH | 04/19/24 | $150.00 | $59.6K | 1.0K | 277 |
| TXN | CALL | SWEEP | BEARISH | 04/19/24 | $150.00 | $59.6K | 1.0K | 215 |
About Texas Instruments
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
Texas Instruments's Current Market Status
- Trading volume stands at 2,271,037, with TXN's price up by 2.7%, positioned at $149.81.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 70 days.
What The Experts Say On Texas Instruments
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $166.6.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Texas Instruments with a target price of $165.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Texas Instruments, targeting a price of $180.
- An analyst from Rosenblatt has decided to maintain their Buy rating on Texas Instruments, which currently sits at a price target of $190.
- An analyst from Mizuho persists with their Neutral rating on Texas Instruments, maintaining a target price of $160.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Underweight rating for Texas Instruments, targeting a price of $138.
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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