TSM - Taiwan Semi / Idea of the Day / $78.55 / $125 Target
0. Looking at Taiwan Semiconductor at $78.55 here.
1. Starting a new "long term" position;
2. TSM is a leading indicator, and if it can follow the trajectory laid out for it, we might be going somewhere ;)
3. Looking for a bump and run pattern off the June 16th trendline;
4. Lots of buying points along the way to add to the position;
5. We will accumulate until we hit the 200 dma, looking at the breakout from the channel;
6. Then we could move into a full "long term" position;
7. Continued weakness could be concern for a market lower diamond boundary retest. Looking at 380 on the SPY;
8. Also watching XBI, if this can continue from today above it's trendline, the correction is over, and we chop our way back;
- drchelsea
1. Starting a new "long term" position;
2. TSM is a leading indicator, and if it can follow the trajectory laid out for it, we might be going somewhere ;)
3. Looking for a bump and run pattern off the June 16th trendline;
4. Lots of buying points along the way to add to the position;
5. We will accumulate until we hit the 200 dma, looking at the breakout from the channel;
6. Then we could move into a full "long term" position;
7. Continued weakness could be concern for a market lower diamond boundary retest. Looking at 380 on the SPY;
8. Also watching XBI, if this can continue from today above it's trendline, the correction is over, and we chop our way back;
- drchelsea
Comment:
AMD / NVDA / SMH
We already have positions in AMD / NVDA and SMH from much lower price points. Addition of TSM here to the portfolio.
Cheers.
We already have positions in AMD / NVDA and SMH from much lower price points. Addition of TSM here to the portfolio.
Cheers.
Comment:
UPDATE
Check Out What Whales Are Doing With TSM
07 Sep 2022 01:53:25 PM | Benzinga
Someone with a lot of money to spend has taken a bullish stance on Taiwan Semiconductor (NYSE:TSM).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TSM, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 31 uncommon options trades for Taiwan Semiconductor.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.
Out of all of the special options we uncovered, 23 are puts, for a total amount of $1,858,299, and 8 are calls, for a total amount of $734,370.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $89.0 for Taiwan Semiconductor over the last 3 months.
Volume & Open Interest Development
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 $55.0 to $89.0 in the last 30 days.
Check Out What Whales Are Doing With TSM
07 Sep 2022 01:53:25 PM | Benzinga
Someone with a lot of money to spend has taken a bullish stance on Taiwan Semiconductor (NYSE:TSM).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TSM, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 31 uncommon options trades for Taiwan Semiconductor.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.
Out of all of the special options we uncovered, 23 are puts, for a total amount of $1,858,299, and 8 are calls, for a total amount of $734,370.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $89.0 for Taiwan Semiconductor over the last 3 months.
Volume & Open Interest Development
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 $55.0 to $89.0 in the last 30 days.
If TSM can hold the line, the Inverted Cup & Handle from the June 16th low to
September 7th retrace, would fail. We would be looking at 36 percent rise at that point from Bulkowski et al. and that would take us to the resistance in the chart at $125 or so.
12 Month target but could see $100+ by EOY;