Bullish option flow detected in Tower Semiconductor with 7,239 calls trading, 4x expected, and implied vol increasing over 1 point to 33.60%. Apr-24 32 calls and Apr-24 25 puts are the most active options, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 0.12. Earnings are expected on February 15th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TSEM:
- Tower Semiconductor call volume above normal and directionally bullish
- Tower Semiconductor price target lowered to $33 from $38 at Craig-Hallum
- Tower Semiconductor sees Q3 revenue $350M +/- 5%, consensus $359.63M
- Tower Semiconductor reports Q3 adjusted EPS 54c, consensus 49c
- Tower Semiconductor Reports 2023 Third Quarter Financial Results