Played TSM earnings the last two times and got burned both times, so I’m back for round 3.
100 shares at $448.37 + 13x $460C 10/16 bought today
The shares are my safer way to stay in the trade.
The calls are for the upside if TSM finally gets the move I think it deserves.
It’s been weak for a while, but I still like the setup. Strong business, strong demand, and I think expectations are low enough for earnings to wake this thing up.
Should be a solid setup… unless China decides to add a surprise plot twist
Third time’s the charm.