20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Financial giants have made a conspicuous bullish move on Taiwan Semiconductor. Our analysis of options history for Taiwan Semiconductor (NYSE:TSM) revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $458,097, and 4 were calls, valued at $230,157.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $94.0 to $110.0 for Taiwan Semiconductor over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Taiwan Semiconductor's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Taiwan Semiconductor's whale activity within a strike price range from $94.0 to $110.0 in the last 30 days.
Taiwan Semiconductor Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSM | PUT | SWEEP | BULLISH | 01/26/24 | $99.00 | $100.4K | 1.0K | 2.0K |
| TSM | PUT | SWEEP | BULLISH | 01/26/24 | $99.00 | $100.0K | 1.0K | 1.0K |
| TSM | PUT | SWEEP | BULLISH | 03/15/24 | $105.00 | $95.0K | 415 | 161 |
| TSM | CALL | SWEEP | BULLISH | 03/15/24 | $100.00 | $78.0K | 19.4K | 2 |
| TSM | CALL | SWEEP | BULLISH | 01/05/24 | $94.00 | $73.9K | 93 | 0 |
About Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
After a thorough review of the options trading surrounding Taiwan Semiconductor, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Taiwan Semiconductor
- With a trading volume of 298,128, the price of TSM is up by 0.39%, reaching $102.94.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 24 days from now.
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 Taiwan Semiconductor, Benzinga Pro gives you real-time options trades alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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