TSM earnings 'money glitch' update

skippix
2023-07-17

I posted a few weeks ago, euphoric from a couple of AI earnings multi-baggers (c3.ai $C3.ai, Inc.(AI)$ and Adobe $Adobe(ADBE)$).

My recommendation was to yolo TSM $Taiwan Semiconductor Manufacturing(TSM)$ and INTC $Intel(INTC)$ calls about 20/25% out the money a week / 10 days before earnings.

Unfortunately my ape brain took over and I literally went full regard. I started buying TSM 14th July 125c back in mid/end of June, so way too early.

There followed a market wide dip, Biden and Xi started talking about semiconductor trade wars. As often happens in these cases, I bought the dip but it was only me and my fellow regard Cathie doing it, so the dip kept dipping.

Perhaps the biggest fuck up was finding out too late that the Nasdaq earnings calendar is not gospel truth. The earnings call was announced for 20th of July, not the 13th.

Basically, through a lack of self discipline and poor research I spunked $11k on completely useless options. They are worthless now and will expire worthless in a few hours.

Not one to be put off by this clown-world shit show of my own making, I put my remaining money into TSM 21st July 120C at the beginning of this week. This is exactly what I wrote in my post and what I should've done in the first place.

Now the market is pumping again. These new calls are performing quite well. What is supposed to happen is happening, and the stock is starting to grind up. FOMO will probably start next week after the WSB earnings thread goes up.

I am gonna see how it plays out next week but I might hold through earnings as I think TSM will beat and give NVDA-esque $NVIDIA Corp(NVDA)$ forward guidance.

There's a decent chance I will get my 11k back, a small chance I'll make a profit off of this debacle, and a tiny chance I'll wake up on the 21st to see TSM at 125. (We dare to dream). There's also a good chance I'll end up with nothing, which given the context seems quite apt.

If you get in and play sensibly though, I'm pretty sure you can make the 'money glitch' work.

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Comments

  • KyawGyee
    2023-07-17
    KyawGyee
    The fact that you bought tsm proves that you are not a full regard although buying intel call towards earning can make you a partial regard.
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