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.
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Read More on TSEM:
- Tower Semiconductor call volume above normal and directionally bullish
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- Tower Semiconductor reports Q3 adjusted EPS 54c, consensus 49c
- Tower Semiconductor Reports 2023 Third Quarter Financial Results
