Christian Fromhertz's Taiwan Semiconductor Trade

Christian Fromhertz of Tribeca Trade Group suggested on Bloomberg Markets a bullish options trade in Taiwan Semiconductor Mfg. Co. Ltd. TSM.

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He thinks the stock is looking to break out on the upside and he wants to buy the Jan. $46 calls. He is willing to pay $2 for them. The trade breaks even at $48 or more than 7% above the current stock price.