Shares of Texas Instruments (TXN) are up and call options are active ahead of a mid-quarter update, which begins one hour after the closing bell. AmTech analysts noted this morning that they expect the chipmaker to narrow guidance around the mid-point, which should be enough reason to give shares a lift. The market seems to be discounting good news as well. TXN is up 53 cents to $29.83 and more than 22,000 calls have traded, compared to 9,220 puts.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.