Unusual option activity for tsmc.

Another high end trader bet 18k contracts of vertical debit spread (bull call) at 200 x 18000 = 3.6m usd, 14 dte dec 27/25. This is a bullish strategy, with cap loss and profit. On friday's closing, the pnl graph shows pop is 47%. The price has moved up abit from 200 to 225, up 10% from the time he or she entered 😃. I would prefer bull call spread over buy call because its a lot cheaper. The other advantage is, bull call spread slows down the melting ice cream 🍦 😋 factor because you have a sell call to hedge against the buy call.

😊 option trading