TSEM options begin trading

What happened: Tower Semiconductor Ltd. (TSEM) options began trading on July 18th, with a put contract at the $185.00 strike price having a current bid of $38.10. This follows a bullish thesis on TSEM from r/ValueInvesting, where the stock was trading at $224.49 with trailing and forward P/E of 17.45 and 13.58 respectively. Additionally, Taiwan Semiconductor Manufacturing Company Limited (TSM) options are also trading, with the stock at $326.11, supported by a bullish thesis from Value & Momentum Portfolio's Substack.

Market impact: The semiconductor industry is affected, with investors potentially hedging their positions or speculating on future price movements. TSEM's bullish thesis suggests optimism in the company's growth prospects, while the put options indicate some bearish sentiment. TSM's bullish thesis reflects the broader demand for semiconductor manufacturing services.

What to watch next: TSEM's earnings release on August 11th will provide insights into the company's financial health and growth prospects. Additionally, the trading volume and open interest in TSEM and TSM options will indicate investor sentiment and potential price movements. Lastly, keep an eye on the broader semiconductor industry trends, as any shifts in demand or supply dynamics could impact both companies.