Options Market Statistics: TSMC Bullish on AI Demand, Forecasts 20% Revenue Growth This Year, Options Pop
News Highlights
$Tesla(TSLA.US$shares fell by 1.70%, closing at $211.88. Its options trading volume is 2.70 million. Call contracts account for 56.7% of the whole trading volume. The most traded calls are contracts of $215 strike price that expire on January 19th. The total volume reaches 175,036 with an open interest of 13,002. The most traded puts are contracts of a $210 strike price that expires on January 19th; the volume is 187,548 contracts with an open interest of 39,693.
$Advanced Micro Devices(AMD.US$shares gained 1.56%, closing at $162.67. Its options trading volume is 1.70 million. Call contracts account for 71.2% of the whole trading volume. The most traded calls are contracts of $165 strike price that expire on January 19th. The total volume reaches 141,331 with an open interest of 16,327. The most traded puts are contracts of a $160 strike price that expires on January 19th; the volume is 93,272 contracts with an open interest of 9,656.
The great run in shares of Advanced Micro Devices continued Thursday following an upbeat forecast about the chip market and an optimistic call from analysts at TD Cowen.
AMD was up 1.56% to $162.67 Thursday after Taiwan Semiconductor Manufacturing said it expects revenue growth this year to be more than double the rate of the broader chip market. TSMC manufactures AMD chips.
In addition to the bullish forecast from TSMC, TD Cowen analyst Matthew Ramsay increased his price target on the shares to $185 from $130 and maintained his outperform rating.
A major reason for Ramsay's belief in the stock is AMD's potential success in the artificial-intelligence space.
"While Nvidia remains the AI leader, we believe sizable upside opportunities remain for AMD as well," he wrote in a research note. AMD's MI300 is a data center graphics processing unit and the company's offering for AI projects and applications.
"The potential of MI300 within the AI TAM (total addressable market) is still ahead for AMD with potentially large upside over the next couple years as an increasingly capable GenAI alternative," Ramsay said.
$Taiwan Semiconductor(TSM.US$shares rose by 9.79%, closing at $113.03. Its options trading volume is 0.58 million. Call contracts account for 71.5% of the whole trading volume. The most traded calls are contracts of $115 strike price that expire on June 21st. The total volume reaches 52,241 with an open interest of 47,340. The most traded puts are contracts of a $110 strike price that expires on January 19th; the volume is 22,436 contracts with an open interest of 862.
U.S.-listed shares of Taiwan-based chip maker Taiwan Semiconductor Manufacturing were up 9.8% after the company said it expects revenue growth this year of at least 20%, more than double the rate of the wider chip market. The company reported fourth-quarter profit that fell 19% from a year earlier but still topped analysts' expectations. Revenue in U.S. dollars fell 1.5% in the quarter to $19.62 billion but rose 13.6% from the third quarter.
Unusual Stock Options Activity
Some notable call activity is being seen in $Marvell Technology(MRVL.US$, which is primarily being driven by activity on the 19-April-2024 call. Volume on this contract is 28,111 versus open interest of 183.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, CNBC
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