TSM Options History — April 2019

In April 2019, TSM traded between $41.28 and $45.56. ATM implied volatility averaged 23.6%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 5.9% (HV 20d: 17.7%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.33.

Notable Days

  • 2019-04-17: Highest Volume — 13,039 contracts
  • 2019-04-18: Largest IV drop — 22.7% change
  • 2019-04-09: Highest IV Rank — 54.7%
  • 2019-04-01: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.21$41.28$45.56$41.28$43.75
Max Pain$41.62$41.00$43.00$41.00$43.00
ATM IV23.6%18.4%31.0%26.5%19.7%
Expected Move6.4%5.3%7.1%7.1%5.6%
HV 20d17.7%15.7%20.7%18.0%20.4%
HV 60d18.9%17.6%20.3%20.3%17.6%
IV Rank24.9%4.2%54.7%36.5%9.3%
IV Percentile40.7%4.8%82.9%61.1%12.7%
Term Structure-0.4%-2.1%3.3%-2.0%-0.1%
VWIV22.9%19.5%25.0%25.0%20.6%
Skew 25d3.5%2.4%5.1%3.8%2.4%
Skew 10d7.8%3.4%12.5%12.5%7.7%
Call IV 25d21.1%17.2%24.6%24.6%19.6%
Put IV 25d24.6%20.4%28.8%28.5%22.0%
Bid-Ask Spread %17.1810.6727.4019.1111.37
Gamma HHI0.120.100.160.160.10
Net GEX962.7K-529.9K2.6M-442.2K1.1M
Net DEX-97.9M-168.5M-56.4M-57.0M-91.9M
Net VEX-777.3K-831.0K-715.0K-817.8K-767.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.443.000.721.89
Total Volume3,433.90587213,0395,535923
Total OI113,025.95296,201126,866114,582102,136

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$41.28$41.0026.5%7.1%18.0%36.5%25.0%3.8%-2.0%-442.2K-57.0M-817.8K0.7219.113,2162,31954,26660,316
2019-04-02$41.33$41.0026.6%7.0%17.9%36.9%24.7%5.1%-2.1%-529.9K-56.4M-831.0K1.4717.081,3722,01054,95661,072
2019-04-03$41.75$41.0026.0%6.8%17.9%34.6%24.8%3.4%-0.2%-97.1K-69.6M-818.7K1.4226.071,1981,69855,03661,071
2019-04-04$42.01$41.0027.7%6.8%17.2%41.5%24.2%3.6%-0.6%225.0K-79.6M-809.1K1.5014.868511,28055,52661,615
2019-04-05$42.25$41.0026.5%6.8%16.5%36.6%24.9%4.2%-0.5%551.7K-85.2M-792.8K2.8723.269602,75755,58061,757
2019-04-08$42.44$41.0030.7%7.0%16.4%53.3%24.9%3.7%-1.3%589.6K-89.5M-783.8K0.6119.071,11868455,60862,293
2019-04-09$42.19$41.0031.0%6.9%16.8%54.7%24.5%3.7%-0.5%436.5K-83.7M-786.7K1.0918.472,0082,17956,02762,437
2019-04-10$42.36$41.0024.7%7.1%16.7%29.2%24.7%4.0%-1.4%696.6K-90.3M-807.7K1.9116.951,1912,27357,43363,495
2019-04-11$42.02$41.0024.6%7.1%16.7%29.2%24.5%3.3%-1.6%268.3K-80.3M-820.1K0.8919.901,02390657,89863,740
2019-04-12$42.58$41.0023.4%6.7%15.9%24.4%24.6%3.4%-1.1%904.4K-95.6M-804.9K0.7622.181,29498158,11363,739
2019-04-15$42.62$41.0023.8%6.8%15.9%25.8%24.7%4.0%-1.2%988.1K-99.7M-788.7K3.0019.024731,42058,30163,737
2019-04-16$42.91$42.0023.5%6.7%15.7%24.5%24.0%3.3%-0.2%1.1M-106.8M-766.9K1.6117.867591,21958,65065,084
2019-04-17$44.44$42.0023.8%6.8%19.3%25.9%24.7%4.0%-1.8%2.0M-140.2M-748.3K0.4427.409,0453,99458,70765,923
2019-04-18$45.56$42.0018.4%5.3%18.7%4.2%19.7%3.3%3.3%2.6M-168.5M-719.7K0.8714.233,9923,46259,47267,394
2019-04-22$45.03$42.0019.3%5.5%18.3%7.7%19.9%2.6%0.7%2.0M-117.5M-734.5K0.6713.211,18779949,88446,317
2019-04-23$45.32$42.0019.6%5.6%16.8%9.1%19.9%3.7%0.8%2.2M-124.7M-715.0K0.8210.921,3261,08350,77046,595
2019-04-24$45.47$42.0019.6%5.6%16.8%8.9%19.5%2.9%0.3%2.2M-125.6M-724.6K0.6516.531,01565850,88547,206
2019-04-25$44.57$42.0019.6%5.6%19.0%9.0%19.9%2.8%0.4%1.6M-109.4M-741.1K2.4010.671,1502,76251,01047,402
2019-04-26$43.78$43.0019.8%5.7%20.7%9.9%20.1%3.1%0.4%748.2K-90.0M-775.4K1.5311.051,8432,81251,18949,196
2019-04-29$43.85$43.0020.5%5.9%20.3%12.4%21.0%3.0%-0.0%1.1M-93.9M-768.9K0.9211.6645441852,22649,483
2019-04-30$43.75$43.0019.7%5.6%20.4%9.3%20.6%2.4%-0.1%1.1M-91.9M-767.4K1.8911.3731960452,54549,591