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TXN Option Traders Calculate a Rise in the Future

·6 min read
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After Texas Instruments Incorporated (TXN) reported that the company had beaten estimates for its second quarter earnings results, option traders are taking actions that imply they think the share price will drift higher in the future. This may come as a surprise considering that the TXN share price fell 5.3% the day after the report was announced. Texas Instruments reported earnings per share (EPS) of $2.05 and revenues of $4.58 billion, exceeding analysts' predictions calling for EPS of $1.83 and revenue of $4.47 billion.