Call Options on TSM on 8/10/2020

Taiwan Semiconductor Manufacturing Company Limited (TSM) engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices.

The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services. It is also involved in investing activities.

The company serves customers in computer, communications, consumer, and industrial/standard segments in North America, Europe, Japan, China, South Korea, Asia Pacific, the Middle East, and Africa. 

Taiwan Semiconductor Manufacturing reported 2nd Quarter June 2020 earnings of $0.78 per share on revenue of $10.4 billion. The consensus earnings estimate was $0.73 per share on revenue of $10.4 billion. Revenue grew 34.1% on a year-over-year basis.

As tech companies look to outsource their semiconductor production, the world's largest manufacturer of semiconductors should continue to see an upward trend in share prices. 

We will be trading Call Options on August 21st

Last Trade: $80.03

Trading Range: $40.25 to $84.00

Trade Buy 1 August $80.00 Call at $2.56 For a net debit of $2.56 Profit/Loss Analysis Breakeven at $82.56 Maximum profit is unbounded Maximum loss is ($256.00) at strike of $80.00 Closing Summary Sold 1 August $80.00 Call at $0.00

Position closed on 8/24/2020 at price of $0.00 with a -100.00% loss in 14 days.

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