20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on Taiwan Semiconductor.
Looking at options history for Taiwan Semiconductor (NYSE:TSM) we detected 63 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $126,555 and 61, calls, for a total amount of $10,664,632.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $105.0 for Taiwan Semiconductor over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Taiwan Semiconductor's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Taiwan Semiconductor's whale trades within a strike price range from $95.0 to $105.0 in the last 30 days.
Taiwan Semiconductor Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSM | CALL | SWEEP | NEUTRAL | 03/15/24 | $100.00 | $365.2K | 19.5K | 4.1K |
| TSM | CALL | SWEEP | BEARISH | 03/15/24 | $100.00 | $359.1K | 19.5K | 7.1K |
| TSM | CALL | SWEEP | BEARISH | 03/15/24 | $100.00 | $355.8K | 19.5K | 7.7K |
| TSM | CALL | SWEEP | BULLISH | 03/15/24 | $105.00 | $305.2K | 12.3K | 5.0K |
| TSM | CALL | SWEEP | BEARISH | 03/15/24 | $100.00 | $239.4K | 19.5K | 9.2K |
About Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
After a thorough review of the options trading surrounding Taiwan Semiconductor, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Taiwan Semiconductor's Current Market Status
- Currently trading with a volume of 5,146,654, the TSM's price is up by 0.36%, now at $103.3.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 23 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Taiwan Semiconductor, Benzinga Pro gives you real-time options trades alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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