Trade · STW
GFS
GlobalFoundries
Plan
- Cut
- Daily close below $46.40.
- Take profit
- 50.70 then 55 into Nov 11.
- Add
- No add. Through $46.40.
- 1× Jan $55C @ $9.70, $970. Spot ~48. 20-day 50.70, 50-day 63, 200-day 53.
- Cut: close below $46.40. Nov 11 print.
- First 50.70. Then 55. No add.
The take
The $55C is a recapture trade that is currently losing. Spot is under the 20-day and the 200. Silicon photonics and the CHIPS LOI are real — they are not a reason to sit a 13% OTM call through another down week.
Nov 11 is the event. If it cannot take 52 first, sell any bounce. Do not roll this. The foundry story can wait; this contract cannot.
Expression
- 1× Jan ’27 $55C @ $9.7
$970 cost · 143d
Tape
Marking…
Stop
Close below $46.40
The 20-day swing shelf. Still under the 20-day and the 200.
Outlook
- Q3 earnings (est.)11 Nov · before expiry
- CHIPS $300M SiPh LOIOpen · before expiry
50.70 (20-day) first. Nov 11 print. Cut $46.40.
News
Quiet on this name.