Texas Instruments Sees Bullish Unusual Options Flow as Calls Dominate at $300–$340 Strike Range

By TrendSpider Editor

Texas Instruments Incorporated is drawing attention in the options market today, Friday, September 25, 2026, with three unusual call contracts totaling $2,018,200 in combined premium spotted across strikes ranging from $300 to $340. TXN shares are trading at $278.05, up 2.73% on the session, positio

Texas Instruments Sees Bullish Unusual Options Flow as Calls Dominate at $300–$340 Strike Range

Texas Instruments Incorporated is drawing attention in the options market today, Friday, September 25, 2026, with three unusual call contracts totaling $2,018,200 in combined premium spotted across strikes ranging from $300 to $340. TXN shares are trading at $278.05, up 2.73% on the session, positioning the stock in the upper half of its 52-week range of $152.76 to $334.03. All three contracts are out of the money, suggesting traders are positioning for a meaningful move higher over the coming weeks and months.

Key Drivers of the TXN Stock Move

• Main Catalyst: Three unusual call contracts were flagged today, all bullish in orientation, with a dominant contract at the $300 strike expiring March 19, 2027, carrying $1,856,000 in premium on 800 contracts and an open interest ratio of 191%. Two additional calls were detected at the $335 strike expiring April 16, 2027, and the $340 strike expiring November 20, 2026.
• Bull Case: The size and structure of the unusual flow is notably one-sided, with zero put contracts flagged against three calls. The largest contract alone represents $1,856,000 in premium, and the $340 strike expiring in just under two months at 345% of open interest signals a high-conviction short-term bet on continued upside momentum from the current price of $278.05.
• Bear Case: All three strikes are out of the money, meaning TXN would need to rally beyond $300, $335, and $340 respectively for these contracts to expire in the money. The $340 strike in particular would require a gain of more than 22% from current levels by November 20, 2026, a steep ask even in a favorable tape. If the broader semiconductor sector faces a macro headwind, these positions could expire worthless.

The forward setup for TXN looks constructive from a price structure standpoint, with shares up nearly 2.73% today and trading well above the 52-week low of $152.76. The options flow suggests that at least some institutional or sophisticated participants expect TXN to push toward or through the $300 level before the March 2027 expiration. Texas Instruments operates in the analog and embedded processing semiconductor space, where demand trends tied to industrial and automotive end markets tend to be closely watched by investors as leading indicators of broader chip cycle health. The combination of today's price gain and the aggressive out-of-the-money call positioning adds a layer of momentum to the near-term narrative.

TXN Unusual Options Activity

• Contract 1: Call | Strike: $300 | Expiry: March 19, 2027 | Volume: 800 | Open Interest: 191% of prior OI | Status: OTM | Premium: $1,856,000
• Contract 2: Call | Strike: $335 | Expiry: April 16, 2027 | Volume: 25 | Open Interest: 1,000% of prior OI | Status: OTM | Premium: $39,000
• Contract 3: Call | Strike: $340 | Expiry: November 20, 2026 | Volume: 400 | Open Interest: 345% of prior OI | Status: OTM | Premium: $123,200

Total unusual premium across all three contracts: $2,018,200. The flow is entirely call-sided, with a put count of zero, reflecting a strongly directional bullish bias in today's unusual activity sweep.

TXN Seasonality

Late September and the fourth quarter have historically been a transitional period for semiconductor names, with investors beginning to position ahead of earnings cycles and year-end demand assessments. The presence of call contracts expiring in November 2026 and into the first half of 2027 suggests traders are looking to capture potential gains across both the near-term and the next earnings window.

TXN Relative Performance

TXN's 2.73% gain today puts it in a position of relative strength within the semiconductor space. At $278.05, shares sit significantly above the 52-week low of $152.76, representing an 81.7% recovery from that floor, while remaining about 16.8% below the 52-week high of $334.03. The proximity of the $300 strike in the largest options contract to the current price suggests that level is being watched as a key near-term resistance and target zone by options traders.