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Investors with a lot of money to spend have taken a bullish stance on Texas Instruments (NASDAQ:TXN).
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 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 91% bullish and 8%, bearish.
Out of all of the options we uncovered, 11 are puts, for a total amount of $1,142,715, and there was 1 call, for a total amount of $30,600.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $180.0 and $190.0 for Texas Instruments, spanning the last three months.
In today's trading context, the average open interest for options of Texas Instruments stands at 1175.67, with a total volume reaching 20,550.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Texas Instruments, situated within the strike price corridor from $180.0 to $190.0, throughout the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TXN | PUT | SWEEP | BULLISH | 07/19/24 | $3.3 | $3.2 | $3.25 | $190.00 | $266.5K | 2.9K | 1.5K |
| TXN | PUT | SWEEP | BULLISH | 07/19/24 | $3.35 | $3.25 | $3.25 | $190.00 | $243.7K | 2.9K | 750 |
| TXN | PUT | SWEEP | BEARISH | 07/19/24 | $3.25 | $3.15 | $3.25 | $190.00 | $161.8K | 2.9K | 2.5K |
| TXN | PUT | SWEEP | BULLISH | 07/19/24 | $3.25 | $3.2 | $3.2 | $190.00 | $106.5K | 2.9K | 2.1K |
| TXN | PUT | SWEEP | BULLISH | 07/19/24 | $3.25 | $3.2 | $3.25 | $190.00 | $81.5K | 2.9K | 2.5K |
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.
Following our analysis of the options activities associated with Texas Instruments, we pivot to a closer look at the company's own performance.
5 market experts have recently issued ratings for this stock, with a consensus target price of $182.0.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Texas Instruments with Benzinga Pro for real-time alerts.
Posted In: TXN
