Benzinga | Nov 22, 2021 12:09PM EST

This Is What Whales Are Betting On Taiwan Semiconductor

A whale with a lot of money to spend has taken a noticeably bearish stance on Taiwan Semiconductor.

Looking at options history for Taiwan Semiconductor (NYSE:TSM) we detected 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 43.48% of the investors opened trades with bullish expectations and 56.52% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $176,235.00 and 21, calls, for a total amount of $1,005,017.00.

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 $60.0 to $185.0 for Taiwan Semiconductor over the last 3 months.

Volume & Open Interest Development

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 $60.0 to $185.0 in the last 30 days.

Taiwan Semiconductor Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestTSM CALL SWEEP BULLISH 12/17/ $130.00 $157.0K 12.6K 13.2K 21TSM CALL SWEEP NEUTRAL 12/03/ $130.00 $130.2K 475 2.8K 21TSM PUT SWEEP NEUTRAL 02/18/ $120.00 $104.1K 696 13 22TSM CALL TRADE BULLISH 12/17/ $130.00 $76.8K 12.6K 15.8K 21TSM PUT SWEEP BULLISH 02/18/ $120.00 $72.0K 696 393 22

Where Is Taiwan Semiconductor Standing Right Now?

* With a volume of 7,796,927.00, the price of TSM is up 1.9% at $126.62.

* RSI indicators hint that the underlying stock may be overbought.

* Next earnings are expected to be released in 52 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.