Whales with a lot of money to spend have taken a noticeably bullish stance on Texas Instruments.
Looking at options history for Texas Instruments TXN we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $465,951 and 8, calls, for a total amount of $401,776.
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 $160.0 to $180.0 for Texas Instruments over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Texas Instruments's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Texas Instruments's significant trades, within a strike price range of $160.0 to $180.0, over the past month.
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 | BULLISH | 01/19/24 | $167.50 | $254.2K | 0 | 661 |
| TXN | CALL | SWEEP | BULLISH | 10/18/24 | $180.00 | $99.0K | 130 | 1 |
| TXN | PUT | SWEEP | BEARISH | 02/16/24 | $165.00 | $88.5K | 138 | 128 |
| TXN | CALL | SWEEP | BULLISH | 02/16/24 | $160.00 | $57.1K | 848 | 55 |
| TXN | CALL | SWEEP | BEARISH | 02/16/24 | $170.00 | $56.7K | 527 | 76 |
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.
After a thorough review of the options trading surrounding Texas Instruments, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Texas Instruments's Current Market Status
- Trading volume stands at 2,057,179, with TXN's price down by -0.71%, positioned at $167.44.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 36 days.
Professional Analyst Ratings for Texas Instruments
In the last month, 1 experts released ratings on this stock with an average target price of $154.0.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Texas Instruments, targeting a price of $154.
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 Texas Instruments 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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