Someone with a lot of money to spend has taken a bullish stance on Texas Instruments (NASDAQ:TXN).
And retail traders should know.
We noticed this today when the big position 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.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Texas Instruments.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $441,113, and 6 are calls, for a total amount of $264,405.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $155.0 to $210.0 for Texas Instruments over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Texas Instruments options trades today is 1317.75 with a total volume of 3,543.00.
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 $155.0 to $210.0 over the last 30 days.
Texas Instruments Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TXN | PUT | TRADE | BEARISH | 11/18/22 | $155.00 | $217.2K | 3.6K | 554 |
| TXN | CALL | SWEEP | BULLISH | 11/18/22 | $160.00 | $101.1K | 2.2K | 120 |
| TXN | PUT | TRADE | BULLISH | 10/28/22 | $160.00 | $52.2K | 314 | 140 |
| TXN | PUT | SWEEP | BULLISH | 10/28/22 | $210.00 | $49.5K | 2 | 10 |
| TXN | PUT | SWEEP | BEARISH | 10/28/22 | $160.00 | $49.0K | 314 | 140 |
Where Is Texas Instruments Standing Right Now?
- With a volume of 1,403,752, the price of TXN is up 1.4% at $163.92.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Texas Instruments:
- Cowen & Co. downgraded its action to Market Perform with a price target of $170
- Deutsche Bank has decided to maintain their Hold rating on Texas Instruments, which currently sits at a price target of $160.
- Oppenheimer has decided to maintain their Outperform rating on Texas Instruments, which currently sits at a price target of $185.
- Barclays upgraded its action to Equal-Weight with a price target of $150
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.
