Semiconductor stock Texas Instruments Inc (NASDAQ:TXN) is down 3.2% at $176.80 at last glance, after China launched an anti-dumping investigation on imports of relevant analog integrated circuit (IC) chips from the U.S. Separately, China also announced an investigation into whether the U.S. has discriminated against Chinese companies via its trade policies on chips.
Fresh off its third-straight weekly loss, TXN is trading at its lowest levels since mid-May. Since the start of the year, the stock is now down 5.6%. It's worth noting that the security is deeply in "oversold" territory, per its 14-day relative strength index of 3.6.
Put traders are chiming in on today's news. So far today, Texas Instruments stock has seen 12,000 puts exchanged -- double the intraday average volume -- in comparison to 6,222 calls. The November 190 put contract is the most popular by far, followed by the September 180 put.
Options are reasonably priced at the moment, too. TXN's Schaeffer's Volatility Index (SVI) of 28% ranks in the low 8th percentile of its annual range, meaning traders are pricing in low volatility expectations.
