$Taiwan Semiconductor Manufacturing(TSM)$Yesterday pre-market, almost all the semicon stocks were in green. But as market closed, quite a number of them turned red, TSMC included. This suggests that the market is still jittery on its near term profitability, especially with the US export ban of chips.
Like many investors here, I am bullish about its medium to long term prospects, barring a geopolitical shock from China. I am continuing to sell puts on TSMC to dollar cost average down my average price, and if I'm assigned, sell covered calls on the stock. I suppose other than ploughing into Singapore Savings Bonds, this method at least helps to offset the paper loss from the stock itself.
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