Looking At Texas Instruments's Recent Unusual Options Activity

Author: Benzinga Insights | June 12, 2024 02:31pm

Deep-pocketed investors have adopted a bullish approach towards Texas Instruments (NASDAQ:TXN), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TXN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Texas Instruments. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 42% leaning bullish and 42% bearish. Among these notable options, 6 are puts, totaling $257,724, and 8 are calls, amounting to $428,915.

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 $180.0 to $202.5 for Texas Instruments over the last 3 months.

Insights into 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 $180.0 to $202.5, over the past month.

Texas Instruments 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
TXN	CALL	SWEEP	BULLISH	09/20/24	$20.9	$20.6	$20.9	$185.00	$104.0K	635	5
TXN	CALL	TRADE	BULLISH	06/21/24	$7.1	$7.1	$7.1	$195.00	$71.0K	6.6K	2
TXN	CALL	TRADE	NEUTRAL	08/16/24	$23.25	$22.25	$22.8	$180.00	$68.4K	78	0
TXN	CALL	TRADE	BULLISH	08/16/24	$19.3	$19.0	$19.3	$185.00	$57.9K	32	0
TXN	PUT	TRADE	BEARISH	07/19/24	$4.65	$4.6	$4.65	$200.00	$56.7K	2.4K	222

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.

Current Position of Texas Instruments

• With a volume of 2,127,929, the price of TXN is up 1.24% at $199.88.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 41 days.

Expert Opinions on Texas Instruments

3 market experts have recently issued ratings for this stock, with a consensus target price of $183.33333333333334.

• An analyst from Barclays has decided to maintain their Equal-Weight rating on Texas Instruments, which currently sits at a price target of $190.
• Reflecting concerns, an analyst from Wells Fargo lowers its rating to Underweight with a new price target of $150.
• An analyst from Cantor Fitzgerald has decided to maintain their Neutral rating on Texas Instruments, which currently sits at a price target of $210.

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.

Posted In: TXN