Movement Alert｜Taiwan Semiconductor Manufacturing rises 3.09% in After-Hours Trading, target-price upgrade helps offset earlier bearish options pressure

Market Focus11-06

On November 6, Taiwan Semiconductor Manufacturing rose 3.09% in After-Hours Trading, trading at USD 364.39 per share with turnover of USD 377 million.

The most direct recent catalyst in public information is an analyst target-price increase to USD 600 from USD 554, tied to expectations that broader deployment of in-house CPUs by Amazon and Google could create incremental demand for the company.

Recent trading had been pressured by repeated large bearish options positions, including about USD 1.80 million of January 15 USD 380 put purchases and earlier put trades of roughly USD 6.32 million, USD 11.55 million, and USD 1.54 million since late October. The latest after-hours rebound indicates that positive demand expectations and the target-price revision are gaining more traction in the near term, even after prior sentiment was weighed down by downside hedging activity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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