Texas Instruments Sees $1.2M Bullish Call Sweep as Stock Climbs Toward 52-Week High

By TrendSpider Editor

Texas Instruments Incorporated is drawing unusual options attention today, with a dominant $1,215,000 call sweep targeting a $340 strike pointing to bullish bets on further upside from here. TXN shares are trading at $291.30 today, July 21, 2026, up 2.55% on the session, putting the stock in the upp

Texas Instruments Sees $1.2M Bullish Call Sweep as Stock Climbs Toward 52-Week High

Texas Instruments Incorporated is drawing unusual options attention today, with a dominant $1,215,000 call sweep targeting a $340 strike pointing to bullish bets on further upside from here. TXN shares are trading at $291.30 today, July 21, 2026, up 2.55% on the session, putting the stock in the upper half of its 52-week range of $152.76 to $334.03. The total unusual options premium across both flagged contracts today comes to $1,448,585, with the clear directional lean favoring the bulls.

Key Drivers of the TXN Stock Move

• Main Catalyst: Two unusual options contracts flagged today carrying a combined $1,448,585 in premium. The standout is a call sweep on the $340 strike expiring August 21, 2026, with 1,500 contracts traded against open interest that swelled to 333% of prior levels, signaling aggressive new positioning. A smaller put contract at the $295 strike expiring July 24, 2026, also printed with open interest at 292% of its prior level, though it represents a much smaller slice of total premium at $233,585.
• Bull Case: The $1,215,000 call sweep at the $340 strike represents the overwhelming majority of today's unusual flow. At 333% of prior open interest, this is not a hedge layered onto existing exposure but fresh, directional conviction. A move to $340 from the current price of $291.30 would represent an advance of roughly 16.7% and would push TXN beyond its current 52-week high of $334.03, implying traders are positioning for a breakout to new highs.
• Bear Case: The ITM put at the $295 strike expiring July 24, 2026, is notable in its own right. With TXN currently at $291.30, this contract sits in the money today, and the 292% open interest reading suggests new put buying rather than a closing position. With only three days until expiration, this contract represents a near-term directional bet against the stock, potentially from a trader hedging the broader call position or fading the intraday rally.

The forward setup for TXN is constructive on the surface given today's price action and the dominant call flow, but the stock is operating in a zone of potential resistance near its 52-week high of $334.03. The $340 call sweep gives the market a clear line in the sand: options traders are pricing in a scenario where TXN not only reclaims its 52-week high but pushes through it before August 21, 2026. The tight expiry on the put contract, meanwhile, suggests that specific trade may resolve itself by end of week, leaving the August call flow as the dominant narrative into the back half of summer.

TXN Unusual Options Activity

• Contract 1: PUT, $295 strike, expiring July 24, 2026 | Volume: 155 contracts | Open Interest: 292% | Status: In the Money | Premium: $233,585
• Contract 2: CALL, $340 strike, expiring August 21, 2026 | Volume: 1,500 contracts | Open Interest: 333% | Status: Out of the Money | Premium: $1,215,000

Total unusual premium across both contracts: $1,448,585. Net directional lean is bullish, with calls representing approximately 83.9% of the combined premium. Both contracts reflect open interest readings well above 200%, confirming these are new positions rather than unwinding of prior trades.

TXN Seasonality

Texas Instruments typically reports quarterly earnings in late July, and options positioning in the weeks ahead of that event often sees elevated volume as traders take directional stances ahead of the print. The August 21, 2026, expiration on the call sweep would capture any earnings-driven move if TXN follows its historical reporting cadence, which may explain the scale and conviction behind the $1,215,000 call position initiated today.

TXN Relative Performance

TXN's 2.55% gain today puts it ahead of what would be considered a routine session for large-cap semiconductor names, and the stock's current price of $291.30 represents a recovery of significant ground from the 52-week low of $152.76. At the same time, the 52-week high of $334.03 remains overhead, and until TXN clears that level, it continues to lag the most aggressive performers in the semiconductor space that have already broken to fresh highs in 2026.