I closed
$TSM 20240216 90.0 CALL$ ,This is 1st leg of the bull call spread. In the weekly chart, the price had form a bearish candlestick after a good run. This suggest a lost in upward momentum. In addition, the stochastic is also in the overbought region, which may also suggest the price is due for reversal. In the daily chart, the price had traded below the 20MA and towards a support level of $99-$100. Therefore, I have decided to close this trade to secure profits of about 50% of the invested capital within 5months, so that I release buying power for other opportunities.
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