TopgOptions

TSM Taiwan Semiconductor Options Ahead of Earnings

Long
TopgOptions Updated   
BATS:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
If you haven`t sold TSM here:

Then analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor prior to the earnings report this week,
I would consider purchasing the 100usd strike price at the money Calls with
an expiration date of 2024-9-20,
for a premium of approximately $11.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached:
TSM traded at $115.14 on Friday after the ER after earnings, and the calls went up from $11.45 (when I wrote this article) to $20.80 at the close, for about 80% gain!
Still bullish in the options chain!

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