Earnings Focus: Texas Instruments

 I’m taking a look at the “Big Three” tech earnings for this post-close. Of these three, Texas Instruments is the most stable (that is, boring). Ever since the financial crisis, it has been a solid, reliable, trending equity.

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The term volatility is a bit of a misnomer with TXN, as it hasn’t been frisky since the Covid crash.

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Relatively speaking, the options started to get hot again back in February, and although it’s still on the high side, the IV Rank is at about the 70% level now.

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Whereas I think there are some heart-quickening opportunities in tech right now, I don’t think TXN is one of them (except for those of you who trade in a more sophisticated fashion than me and sell premium).

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