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I just got a decent position in TSM (12.08)Do you like the Apr 12.5 calls or is it too conservative? I'd like to not be called...
Right now, I am going to hold off selling calls until the price recovers (back to around$12.75??)I will proably go with $15.oo calls out to..oct or so. I want to pick up that dividend that should be annouced for July.
Good thinking! I also believe that we could be selling the $15 calls once we have some sort of recovery. This stock is well priced and with even a moderate improvement of the macro-economic picture, we should be trading above $14 in the near future. GL