$TSM Trade the Channel
TSMC is a nice Iron Condor Setup looking back :)
I like credit spreads here or can try naked calls to ride the channel up . Earnings upcoming so a better idea may be to sell puts and capture the IV crush after.
Regardless, TSM has been in the 107-125 range since March and you can trade it as such until we see a bigger box breakout either up or down.
I took the 11/19 110/105P for 1.88 avg
I like credit spreads here or can try naked calls to ride the channel up . Earnings upcoming so a better idea may be to sell puts and capture the IV crush after.
Regardless, TSM has been in the 107-125 range since March and you can trade it as such until we see a bigger box breakout either up or down.
I took the 11/19 110/105P for 1.88 avg
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