💥 My Earnings Options Playbook: From +131% to -100% — A Hard Lesson on Taking Profits

🎯 Task 1 – Pick Your Instrument & Target

This earnings season, I focused on $TSM (Taiwan Semiconductor Manufacturing).
TSM often shows strong post-earnings volatility because of its key position in the global semiconductor chain and strong connection with AI-chip demand.
I was watching the TSM CALL 251107 300 contract for a potential momentum continuation after earnings.

⸻

🧩 Task 2 – Outline Your Strategy & Goal

My plan was a pre-earnings volatility play — buying short-dated calls before the report to capture any breakout if earnings and guidance came in strong.
Rationale: TSM’s margin recovery and AI-driven chip orders could boost sentiment and push the stock higher.
Goal: lock in profits quickly after the post-earnings price pop or IV expansion.

⸻

📊 Task 3 – Show Your Proof
• 📅 Entry: 2025/11/03
• Position: TSM CALL 251107 300
• Cost Basis: $5.28
• Price at peak: $12.20 (+131.06 %)
• 📅 Exit: 2025/11/07
• Price: $0.005
• Total P/L: -$2,022

(Proof shown in the attached moomoo P&L screenshots.)

⸻

🧠 Task 4 – Key Learnings

I went from a +131 % gain to a complete loss within days — a perfect reminder that profits are not real until you take them.

Lessons learned:
✅ Always set a take-profit rule; greed kills gains.
✅ For short-term options, time decay and IV crush move faster than you expect.
✅ Protect wins and keep emotions out — discipline beats excitement.

In short: Doubling your money is easy; keeping it is the real skill.