Trade Ideas
UOA PRO Update TSM 7-16
22,500 21August 450 calls bought for 12.28 above open interest of 4,801 contracts; 22,500 21August 510 calls sold for 2.75 above open interest of 1,730 contracts. Follows a 17,000 18September 450//530 call vertical bought on Log 07/14. Stock 410.88.
Status Update
Ticker: TSM
Stock: 411.05
Expiration Date: 17JUL
New UOA: 22,500 21August 450 calls bought for 12.28 above open interest of 4,801 contracts; 22,500 21August 510 calls sold for 2.75 above open interest of 1,730 contracts. Follows a 17,000 18September 450//530 call vertical bought on Log 07/14. Stock 410.88.
Special Note: May want to keep this on radar a little longer than the contract below IF today’s (current) reversal candle develops. Original and UOA update are longer-dated. Difficult part will be finding enough liquidity in the options.
UOA PRO New Trade Idea TSM 7-14
Ticker: TSM
Stock: 423.10
New Trade Idea
Ticker: TSM
Stock: 423.10
Trigger: 427.92
Targets/Resistance: 436.98, 439.56, 441.13, 446.69, 451.79, 467.67
Expiration Date: 17JUL
UOA: 17,000 18September 450 calls bought for 26.93 above open interest of 1,977 contracts; 17,000 18September 530 calls sold for 8.97 above open interest of 557 contracts. Rolls trade on Log 06/05. EPS 07/16 before open. Stock 423.10.
TSM $423.10 Last.
Massive OTM call vertical set in Sept appears days before the EPS Release. The ATM straddle in the front week is going for about $33.00.
Trigger: $427.92, flat line but some traders may simply want to “be in” a postion if connecting dots prior to the release.
Strategy 1: Consider the TSM 17July 430.00-465.00 call spread for $11.00 projected at trigger level today. Uncappable.
Targets: 436.98, 439.56 (15 SMA currently), 441.13 (20 SMA currently), 446.69, 451.79, 467.67