Call Spread on TSM on 3/1/2021

Taiwan Semiconductor Manufacturing Company Limited (TSM) manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea. 

Shares are the lower boundary of an upward trading channel. The lower boudnary of the said channel coincides with the stock's 50-day moving average. Higher shaare prices are expected.

We will be trading March 19th, call spreads

Last Trade: $125.94

Trading Range: $42.70 - $142.20

Trade Buy 1 March $125.00 Call at $5.30 Sell 1 March $135.00 Call at $1.75 For a net debit of $3.55 Profit/Loss Analysis Breakeven at $128.55 Maximum profit is $645.00 at strike of $135.00 Maximum loss is ($355.00) at strike of $125.00 Closing Summary Sold 1 March $125.00 Call at $0.00 Bought 1 March $135.00 Call at $0.00

Position closed on 3/19/2021 at price of $0.00 with a -100.00% loss in 18 days.

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