LawrenceSG
2023-08-14

Holding on to $GFS 20240119 70.0 CALL$  .

It seems $NASDAQ(.IXIC)$ 

Nasdaq is correction, semiconductor is also at correction mode. 

There is head and shoulder noted on GFS. 

2 choices: sell call or buy put.

Worries? Do a longer period one. 

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Tiger is giving free option voucher to those new to option. 

There are another banner to get free voucher where they have more write out on option. 

I wish i know this is sure win... Why I sell call 70 because I have GFS stock which I bought at 67.


Somehow it is a covered call. 


Ps: I have sell put 55 at the same date. I am likely to be assigned it by the seller when gfs hit 53 or 52 soon. 

Modified in.2023-08-14
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Comments

  • frosti
    2023-08-27
    frosti

    作为一家美国晶圆厂，GFS被低估了，因为它正在加速发展，以降低对台湾的依赖。已经拿到政府合同了。GFS很快将访问70美元及以上的范围。

  • wigglyz
    2023-08-27
    wigglyz

    GFS has global foundries...three different continents...they do not compete at the leading edge...TSMC is most of their competition, even at lower technology nodes.

  • pixiezz
    2023-08-27
    pixiezz

    I always open a large position in GFS when it is on lows and NVDA reports well. This move has been delivering like a Stockton to Malone pick-and-roll for me, it gets the bucket and the foul every time.

  • zinglee
    2023-08-27
    zinglee

    Correct me if wrong, but I see a great entry at the 3rd low of a triple bottom? I do see upside risk over 100% compared to downside risk here: triple high/ low averages: bottom: 49-52 top: 67-72. This looks like a no-brainer to me after beating earnings.

  • bubblyx
    2023-08-27
    bubblyx

    I would imagine if wall st hated GFS it would perform worse than its index. In fact it has outperformed the nasdaq since IPO. GFS +15% NASDAQ -15%

  • LawrenceSG
    2023-08-27
    LawrenceSG
    I closed my 70 call thinking it will rally with nivda... Bought calls n... All are history
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