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Income Madness Trade Alert: AMD, TSM

The short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call recovery positions expired worthless last week. I am recommending new calls to sell today to reduce our cost basis on the positions.

3 AMD Jan 2023 (1/20/23) 70 Calls

Current Stock Price: $78.73

Cost Basis: $112.24

Action: Sell to open 3 AMD Sep Monthly (9/16) 82.50 Calls for around $1.18 each ($3.54 total), but adjust as needed to sell them today

New Cost Basis: $108.70

4 TSM Jan 2023 (1/20/23) 70 Calls

Current Stock Price: $79.46

Cost Basis: $116.23

Action: Sell to open 4 TSM Sep Monthly (9/16) 82 Calls for around $0.72 each ($2.88 total), but adjust as needed to sell them today

New Cost Basis: $113.35

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