TSM is the stock ticker for Taiwan Semiconductor Manufacturing Company, one of the world's largest chip makers, and LEAPS are long-dated stock options that let traders bet on a price move over a year or more. The phrase 'just buy TSM leaps' circulates in investing and trading communities as shorthand for a confident, simplified bullish bet on the company, often shared as a meme when semiconductor stocks are in the news. Its appeal is its brevity, turning a complicated options idea into a single memorable line that creators reuse to signal conviction, impatience with debate, or confidence in a trade.