$ flow on $TSM has turned very bearish in recent sessions as $TSM finds itself a pawn in Trump's trade war with China. Even as attractive as $TSM may appear, I would be cautious about taking a long position unless hedged or scaling in. Some key data points observed: - $8M pre-market Dark Pool print with the spot price @ $51.96 (we are currently trading in the $49.80s - Call sweeps have virtually died off - Option $ flow has moved heavily to the put side - Numerous institutional sized sell blocks throughout the past (2) sessions - $359k long Put, short Call position detected manually in Thinkorswim's Time & Sales (see attachment) I do expect a bounce after the past several sessions of heavy selling but IMO, sellers are in control until proven otherwise. G'luck!