2020-06-01
This trade idea from my IBD Stock Screener in my review last night and I decided to pull the trigger
This first came on my radar when it was featured as #28 in IBD50 on Vol37 No 6 Week of May 08. 2020. Then TSM was featured on IBD Stocks on the Move on the 05/13 and 05/14. Currently it is #31 in IBD50 Vol 37 No 8. I am an Investor’s Business Daily guy and highly recommend all of their efforts
During my weekly review I had liked the charts and I decided on buying an In-The-Money Call Option just past earnings. If earnings get adjusted back this position is screwed\
I placed a Buy to Open Limit Order with the price split between the previous Bid/Ask spread. However it opened higher and did not get filled. I was nervous after lunch that I wouldn’t get filled
I cancelled the order and set the price .30 higher splitting the current Bid/Ask spread. I got filled at $2.80 with 2 contracts
IBD Rankings 06/01/20
Composite Rating: 95
EPS Rating: 89
RS Rating: 79
Group RS Rating: B+
SMR Rating: A
Acc/Dis Rating: D+
ROE: 20.9%
Debt: 2%
Outstanding Shares: 5186.1m
EPS Due Date: 07/16/20
From TD Ameritrade Quote Summary 06/01/20
P/E Ratio: 19.50
Ex-dividend date: 06/18/20
Zack’s has this as 1 – Strong Buy: TSM
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
Let me know what you think…