Texas Instruments calls active as shares see relative strength ahead of earnings
Texas Instruments calls active as shares see relative strength ahead of earnings. The stock up $1.23 to new highs of $96.40 on bullish analyst commentary and one player buys 9.3K Nov 95 calls for $2.92 while selling 8.2K Nov 102 calls at 35c. The higher 102 strike calls are opening and the lower 95 strikes likely close from 9/28 when a seller collected 60 and 63c, to open. Shares were south of $90 at the time and have since rallied 7.5%. A shareholder is likely adjusting an overwrite today after the advance in the stock and ahead of earnings tomorrow afternoon. Total volume of in TI is 3X daily average and lopsided 11:1 at 25K calls and 2.25K puts.