TSM Options History — March 2024

In March 2024, TSM traded between $134.66 and $151.01. ATM implied volatility averaged 40.8%, placing in the 78.0% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 5.8% (HV 20d: 46.6%). Max pain ranged from $110.00 to $125.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.40.

Notable Days

  • 2024-03-08: Highest Volume — 554,287 contracts
  • 2024-03-07: Largest IV spike — 12.3% change
  • 2024-03-06: Highest IV Rank — 100.0%
  • 2024-03-08: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.63$134.66$151.01$134.66$135.96
Max Pain$120.00$110.00$125.00$110.00$125.00
ATM IV40.8%34.1%48.3%34.1%39.6%
Expected Move12.0%10.3%13.9%10.3%11.4%
HV 20d46.6%40.5%49.0%40.5%47.5%
HV 60d39.6%34.0%41.5%34.0%40.6%
IV Rank78.0%60.3%100.0%72.1%67.1%
IV Percentile97.0%85.3%100.0%85.3%95.2%
Term Structure0.6%-1.2%5.6%-1.1%-0.8%
VWIV44.0%37.2%52.9%37.2%41.3%
Skew 25d-3.5%-7.3%-1.6%-1.9%-1.6%
Skew 10d-7.9%-15.6%-2.7%-2.7%-4.8%
Call IV 25d43.7%36.1%53.2%36.1%41.3%
Put IV 25d40.1%34.3%46.9%34.3%39.8%
Bid-Ask Spread %7.982.5015.026.272.50
Gamma HHI0.090.060.150.150.09
Net GEX106.9M72.4M138.5M138.5M85.0M
Net DEX-5.50B-7.93B-3.96B-5.29B-4.22B
Net VEX-20.2M-22.7M-14.5M-14.5M-22.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.230.620.230.38
Total Volume178,178.8583,329554,287284,603136,203
Total OI1,512,843.251,288,3021,723,3891,291,5491,593,406

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$134.66$110.0034.1%10.3%40.5%72.1%37.2%-1.9%-1.1%138.5M-5.29B-14.5M0.236.27231,36153,242653,121638,428
2024-03-04$138.62$115.0038.0%11.2%41.1%95.0%41.1%-3.6%-0.6%107.8M-5.73B-15.6M0.2413.51210,31950,349653,660634,642
2024-03-05$134.71$115.0037.0%11.0%42.8%88.9%40.8%-2.7%1.1%111.3M-4.92B-17.0M0.555.7471,95039,400700,806657,538
2024-03-06$141.77$115.0041.0%11.9%45.6%100.0%43.8%-4.7%0.0%121.5M-6.36B-17.1M0.349.64148,33050,616717,914672,875
2024-03-07$151.01$115.0046.0%13.5%47.4%100.0%49.6%-7.3%-0.0%110.7M-7.93B-17.6M0.287.01243,73768,464741,398689,929
2024-03-08$147.21$115.0048.3%13.9%43.6%100.0%52.9%-6.3%-1.2%108.9M-7.37B-18.9M0.2415.02446,268108,019797,257719,266
2024-03-11$139.47$120.0043.2%13.3%48.3%80.8%49.9%-6.2%5.6%115.1M-5.94B-21.8M0.3113.13161,40650,092872,998713,556
2024-03-12$143.87$120.0045.2%13.6%48.9%88.2%49.8%-6.1%2.4%132.8M-6.90B-21.8M0.4010.72131,69252,561908,359732,686
2024-03-13$141.99$120.0043.3%13.1%48.0%80.9%48.5%-5.6%2.3%124.9M-6.50B-21.9M0.3613.9684,60730,781932,311747,040
2024-03-14$139.58$120.0041.6%12.5%48.5%74.6%48.0%-3.7%2.7%114.6M-5.89B-22.5M0.439.5786,89437,701942,071759,540
2024-03-15$137.31$120.0040.7%12.2%49.0%71.4%45.9%-3.7%2.8%79.8M-5.32B-22.4M0.6213.9594,68758,804945,003778,386
2024-03-18$137.51$120.0042.0%12.2%48.2%76.3%45.7%-2.9%0.3%82.9M-4.42B-21.4M0.413.7375,98231,004792,468658,412
2024-03-19$135.18$120.0037.9%11.0%48.5%60.6%40.6%-2.1%0.9%72.4M-3.96B-20.2M0.397.8796,02637,556808,900668,394
2024-03-20$136.74$125.0037.8%10.8%48.5%60.3%38.8%-1.6%0.3%81.5M-4.27B-21.4M0.537.6954,44028,889818,734676,583
2024-03-21$139.57$125.0039.3%11.3%47.2%66.0%40.1%-2.3%0.2%105.5M-4.98B-20.8M0.455.15102,92145,882830,733689,349
2024-03-22$140.65$125.0039.4%11.3%47.2%66.3%41.4%-1.9%0.5%126.8M-5.29B-21.9M0.383.4383,67732,060849,694700,139
2024-03-25$141.00$125.0041.0%11.8%47.1%72.5%42.4%-2.5%-0.9%119.5M-5.37B-21.4M0.412.9177,37331,747823,261664,147
2024-03-26$139.03$125.0040.3%11.6%47.2%69.7%41.6%-2.1%-0.9%113.5M-4.98B-21.5M0.563.0364,52036,342855,810671,877
2024-03-27$136.83$125.0040.2%11.5%47.4%69.2%41.3%-1.9%-0.9%84.3M-4.43B-21.9M0.514.7377,87639,799861,343684,831
2024-03-28$135.96$125.0039.6%11.4%47.5%67.1%41.3%-1.6%-0.8%85.0M-4.22B-22.7M0.382.5098,59137,612890,563702,843