TXN has an earnings report due out after the close today. Analysts are expecting mediocre returns as net income is expected to fall 24% from $711 million to $541.3. Revenue is expected to fall 2% to $3.39 billion. Texas Instrument chips, which were used in old iPads, will likely be replaced as Apple will design and manufacture their own in Taiwan. 

My Trade: Sell the OctWeekly 28-29 Call Spread for $0.50

Risk: $50 per one lot

Reward: $50 per one lot

Break even: $28.50