Let’s book profits on our Taiwan Semiconductor Manufacturing (TSM) bull put spread, earning a 3.8% return in six days, or 231% annualized.
Current Stock Price: $97.37
Cash in Hand: $0.29
Action:
- Buy to close the TSM Feb Monthly (2/17) 92 Put for around $0.14
- Sell to close the TSM Feb Monthly (2/17) 87 Put for around $0.04
- Set initial debit limit at $0.10, but adjust as needed to close today
Profit: $0.19, or $19 per spread