On CNBC's "Options Action," Mike Khouw said that Texas Instruments Incorporated TXN traded more than four times the average daily call volume on Tuesday. That was a result of a large trade in the September expiration calls.
See Also: Option Traders Make Big Bullish Bets On AMD, Texas Instruments
An options trader bought over 8,700 contracts of the September $120 calls, paying around $9 per contract for them. The trade breaks even at $129 or 5.16% above the closing price on Tuesday. Khouw explained that this is a big bullish bet as the trade would turn into around $105 million worth of stock.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.