Update on our TSM position. Thursday morning before the market opens TSM will report their quarterly earnings. In general we don’t trade through earnings reports because of the potential for unexpected surprises. This is why we booked 1/3 of this trade already. The last couple of days we’ve built up a nice cushion on the trade, and because it is such a strong chart right now, we’ve decided to hold our remaining 10% (2/3) position. … read more Trade Update