Dec. 3 at 6:48 PM
What's going on with
$TSEM today
Seeing big put sweeps into the Dec 19
$115S
Two ask-side orders opened 1,467 contracts for about
$1.22M
Looks like fresh downside hedging after that +9% pop over the last 5 days
Raised Q4 guidance and a
$300M capacity expansion got shares moving but we're down 1.2% today
Feels like consolidation risk is in the air
Not the time to chase breakouts without clear confirmation
Also noticed some Jan 16
$130 calls picked up for around
$386K
Some upside interest is still there
With the mixed flow, I'd wait for a higher low before jumping in on any directional plays
