Deep-pocketed investors have adopted a bearish 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 10 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 30% leaning bullish and 60% bearish. Among these notable options, 5 are puts, totaling $155,476, and 5 are calls, amounting to $537,241.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $185.0 and $240.0 for Texas Instruments, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Texas Instruments's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Texas Instruments's substantial trades, within a strike price spectrum from $185.0 to $240.0 over the preceding 30 days.
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 | TRADE | BEARISH | 01/17/25 | $3.45 | $3.3 | $3.35 | $240.00 | $246.8K | 1.5K | 31 |
TXN | CALL | SWEEP | BEARISH | 09/20/24 | $5.35 | $5.2 | $5.25 | $210.00 | $110.7K | 15.8K | 174 |
TXN | CALL | SWEEP | BEARISH | 09/20/24 | $5.25 | $5.15 | $5.25 | $210.00 | $87.1K | 15.8K | 8 |
TXN | CALL | TRADE | BEARISH | 07/19/24 | $8.45 | $8.3 | $8.35 | $190.00 | $50.1K | 11.2K | 6 |
TXN | PUT | SWEEP | BULLISH | 08/16/24 | $7.35 | $7.2 | $7.25 | $195.00 | $46.1K | 2.3K | 419 |
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.
Having examined the options trading patterns of Texas Instruments, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Texas Instruments
With a trading volume of 1,241,975, the price of TXN is down by 0.0%, reaching $194.9.
Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
Next earnings report is scheduled for 35 days from now.
Professional Analyst Ratings for Texas Instruments
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $190.0.
Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Texas Instruments, targeting a price of $190.
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.