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Income Madness Trade Alert: TSM

Our Taiwan Semiconductor Manufacturing (TSM) put is deep in the money, but the stock is bouncing back a bit today.

I am recommending we roll out one week rather than accept assignment. In addition to buying ourselves some time, we will pick up additional income.

Current Stock Price: $132.47

Cash in Hand: $1.97

Action:

  • Buy to close the TSM Jan Monthly (1/21) 140 Put for around $7.55
  • Sell to open the TSM Jan Week Four (1/28) 140 Put for around $8.20
  • Set initial credit limit at $0.65, but adjust as needed to roll today

New Cash in Hand: $2.62

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