TSM Options History — April 2022

In April 2022, TSM traded between $90.58 and $104.85. ATM implied volatility averaged 36.5%, placing in the 54.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 6.3% (HV 20d: 30.3%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2022-04-13: Highest Volume — 171,910 contracts
  • 2022-04-14: Largest IV drop — 12.0% change
  • 2022-04-27: Highest IV Rank — 70.3%
  • 2022-04-27: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.32$90.58$104.85$102.63$93.28
Max Pain$108.00$105.00$110.00$110.00$105.00
ATM IV36.5%32.0%41.1%34.0%39.9%
Expected Move10.4%9.2%12.0%9.4%11.8%
HV 20d30.3%26.7%36.6%36.6%35.3%
HV 60d36.3%33.9%39.1%38.8%35.8%
IV Rank54.3%38.6%70.3%45.4%66.2%
IV Percentile81.7%65.1%94.0%74.2%90.9%
Term Structure-0.6%-1.4%0.3%-0.2%-0.9%
VWIV36.5%31.9%42.2%34.1%41.8%
Skew 25d3.7%0.9%6.3%2.2%6.3%
Skew 10d7.1%2.8%13.7%4.1%11.9%
Call IV 25d35.4%31.0%39.4%33.2%37.6%
Put IV 25d39.0%34.0%45.6%35.4%43.9%
Bid-Ask Spread %5.383.1611.916.755.07
Gamma HHI0.090.080.110.090.09
Net GEX-32.8M-49.7M-20.1M-49.7M-27.7M
Net DEX1.35B871.6M1.82B1.19B1.62B
Net VEX-13.2M-14.1M-11.7M-13.7M-13.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.341.401.141.11
Total Volume73,437.8538,781171,91062,27538,781
Total OI926,069.05858,3641,050,897914,264946,934

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$102.63$110.0034.0%9.4%36.6%45.4%34.1%2.2%-0.2%-49.7M1.19B-13.7M1.146.7529,16533,110422,546491,718
2022-04-04$104.85$110.0032.9%9.2%32.6%41.4%32.8%2.3%-0.2%-31.0M871.6M-13.9M0.4610.0436,38216,777410,227483,725
2022-04-05$102.32$110.0035.8%9.9%33.8%51.7%36.1%2.6%-1.0%-37.5M1.16B-13.7M0.984.3132,35331,664423,131490,488
2022-04-06$101.39$110.0037.5%10.4%28.9%57.7%36.3%3.4%-1.0%-41.3M1.26B-14.0M0.766.5440,31630,816433,899500,335
2022-04-07$101.04$110.0037.6%10.4%28.5%58.1%37.4%3.4%-0.5%-41.0M1.30B-14.0M0.495.9138,95018,975442,482507,972
2022-04-08$99.57$110.0037.7%10.5%28.0%58.3%37.9%3.2%-1.1%-37.4M1.47B-13.5M0.758.3829,84322,424459,019510,085
2022-04-11$97.86$110.0038.3%10.6%27.8%60.4%37.3%3.6%-1.1%-40.4M1.62B-13.1M0.484.8354,10626,095444,231501,058
2022-04-12$97.75$110.0038.6%10.8%26.7%61.5%37.2%3.3%-0.9%-38.3M1.60B-13.0M0.725.4550,29936,410452,978505,930
2022-04-13$101.77$110.0038.5%10.5%27.8%61.1%37.5%0.9%-1.1%-24.7M1.05B-14.1M0.4211.91121,20250,708475,409522,422
2022-04-14$98.58$110.0033.9%9.6%29.3%44.9%34.7%1.9%-0.2%-34.3M1.64B-13.2M0.473.91111,22051,722519,061531,836
2022-04-18$98.60$110.0034.1%9.7%29.3%45.8%33.7%2.8%-0.2%-25.7M1.25B-13.0M0.343.6063,46721,883417,630440,734
2022-04-19$99.01$110.0032.8%9.4%29.4%41.1%32.4%2.8%0.1%-26.3M1.13B-13.0M0.393.2644,46717,220425,604446,928
2022-04-20$99.25$105.0032.0%9.2%29.2%38.6%31.9%3.0%0.3%-20.1M1.06B-13.4M0.653.1943,88228,458444,785451,635
2022-04-21$97.66$105.0033.8%9.7%29.5%44.8%33.3%3.3%-0.3%-28.3M1.25B-13.2M0.813.3030,59024,864449,682456,438
2022-04-22$95.86$105.0035.9%10.3%29.2%52.1%35.2%4.4%0.2%-36.6M1.47B-12.9M1.353.3334,62746,731454,893461,361
2022-04-25$95.94$105.0037.2%10.7%29.3%56.7%36.8%5.5%-0.4%-28.4M1.30B-13.0M0.824.0225,46920,971432,264449,498
2022-04-26$93.14$105.0040.6%12.0%30.5%68.4%42.2%6.0%-1.4%-29.4M1.58B-12.4M1.073.9925,39127,261439,993453,955
2022-04-27$90.58$105.0041.1%12.0%28.6%70.3%41.7%6.2%-0.4%-31.7M1.82B-11.7M1.403.1617,21324,097444,352460,094
2022-04-28$95.35$105.0038.7%11.2%35.2%61.7%39.5%6.3%-0.8%-26.3M1.34B-13.1M1.336.5330,38940,459450,534465,515
2022-04-29$93.28$105.0039.9%11.8%35.3%66.2%41.8%6.3%-0.9%-27.7M1.62B-13.1M1.115.0718,36520,416457,970488,964