TSM Options History — April 2024

In April 2024, TSM traded between $128.00 and $147.16. ATM implied volatility averaged 40.6%, placing in the 71.0% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 8.9% (HV 20d: 31.7%). Max pain ranged from $100.00 to $125.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.54.

Notable Days

2024-04-18: Highest Volume — 480,391 contracts
2024-04-18: Largest IV drop — 25.2% change
2024-04-16: Highest IV Rank — 97.1%
2024-04-03: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$138.84	$128.00	$147.16	$140.88	$138.16
Max Pain	$106.82	$100.00	$125.00	$125.00	$115.00
ATM IV	40.6%	33.3%	47.5%	43.5%	34.5%
Expected Move	11.6%	9.3%	14.2%	13.7%	10.1%
HV 20d	31.7%	22.9%	46.2%	46.2%	31.7%
HV 60d	39.9%	37.4%	41.3%	41.0%	39.7%
IV Rank	71.0%	43.4%	97.1%	81.6%	47.9%
IV Percentile	91.8%	77.8%	99.6%	98.8%	83.3%
Term Structure	-0.9%	-2.1%	1.3%	-0.9%	-0.3%
VWIV	41.2%	33.0%	50.2%	48.8%	35.8%
Skew 25d	-0.7%	-1.9%	1.2%	-1.8%	0.1%
Skew 10d	-0.8%	-4.4%	4.1%	-4.4%	1.4%
Call IV 25d	41.3%	33.5%	47.9%	44.6%	34.5%
Put IV 25d	40.6%	33.9%	46.7%	42.8%	34.6%
Bid-Ask Spread %	10.23	2.72	21.32	3.12	9.53
Gamma HHI	0.10	0.07	0.30	0.09	0.08
Net GEX	120.2M	22.2M	232.0M	137.7M	96.6M
Net DEX	-4.95B	-7.27B	-1.70B	-5.68B	-4.69B
Net VEX	-21.8M	-23.7M	-20.1M	-22.9M	-20.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.28	0.96	0.44	0.83
Total Volume	165,320	68,460	480,391	151,046	68,460
Total OI	1,685,355	1,553,777	1,919,413	1,589,569	1,602,352

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-04-01	$140.88	$125.00	43.5%	13.7%	46.2%	81.6%	48.8%	-1.8%	-0.9%	137.7M	-5.68B	-22.9M	0.44	3.12	105,115	45,931	904,100	685,469
2024-04-02	$140.38	$125.00	42.7%	13.6%	45.1%	78.9%	48.0%	-1.5%	-0.6%	129.7M	-5.48B	-22.7M	0.50	2.80	54,851	27,310	920,823	702,924
2024-04-03	$141.38	$125.00	43.8%	14.2%	43.8%	82.7%	50.2%	-1.9%	-1.1%	131.7M	-5.70B	-23.7M	0.59	2.92	83,539	49,493	930,884	713,251
2024-04-04	$140.00	$100.00	45.8%	12.3%	40.0%	90.4%	43.7%	-1.2%	-1.4%	115.7M	-5.33B	-23.1M	0.45	10.98	153,118	68,736	944,647	725,008
2024-04-05	$140.54	$100.00	44.3%	12.1%	32.3%	84.8%	43.4%	-1.1%	-1.1%	109.2M	-5.44B	-22.9M	0.65	13.30	69,460	44,947	961,067	739,952
2024-04-08	$143.13	$100.00	45.5%	12.6%	32.1%	89.3%	44.7%	-1.5%	-1.2%	140.8M	-6.03B	-22.6M	0.50	14.74	118,232	58,863	920,788	713,609
2024-04-09	$145.13	$100.00	45.5%	12.5%	25.7%	89.3%	44.3%	-1.8%	-1.8%	156.3M	-6.58B	-23.1M	0.30	17.77	138,315	40,935	950,610	744,601
2024-04-10	$146.14	$100.00	44.9%	12.3%	23.4%	87.0%	43.8%	-1.8%	-1.9%	177.3M	-7.01B	-22.6M	0.31	21.32	119,504	37,506	984,338	752,694
2024-04-11	$147.16	$100.00	43.3%	12.0%	22.9%	81.1%	42.6%	-1.6%	-1.6%	192.3M	-7.27B	-21.6M	0.38	17.40	97,771	37,056	986,421	765,870
2024-04-12	$142.95	$100.00	45.5%	12.7%	24.6%	89.3%	44.8%	-1.8%	-2.1%	112.3M	-5.89B	-22.7M	0.89	15.92	81,028	72,095	986,787	783,098
2024-04-15	$140.33	$100.00	46.6%	13.2%	24.8%	93.6%	46.8%	-1.2%	-0.3%	126.4M	-5.24B	-22.7M	0.54	14.33	80,702	43,963	950,098	760,318
2024-04-16	$139.97	$100.00	47.5%	13.5%	24.8%	97.1%	47.5%	-1.2%	-0.7%	126.4M	-5.19B	-22.5M	0.33	6.60	93,586	30,620	974,088	775,040
2024-04-17	$138.90	$100.00	46.2%	13.2%	24.1%	91.8%	46.4%	-1.1%	-0.6%	123.1M	-4.96B	-21.8M	0.54	15.45	174,770	93,723	987,982	790,770
2024-04-18	$132.24	$100.00	34.5%	9.8%	29.7%	47.9%	34.9%	0.2%	1.3%	37.6M	-2.66B	-20.1M	0.46	2.72	328,677	151,714	1,020,882	828,242
2024-04-19	$128.00	$105.00	35.8%	10.2%	30.4%	52.6%	36.6%	0.7%	0.2%	22.2M	-1.70B	-20.7M	0.96	14.16	146,805	141,435	1,071,462	847,951
2024-04-22	$129.86	$105.00	34.5%	9.8%	30.8%	47.7%	34.3%	1.2%	-0.8%	57.4M	-2.41B	-20.2M	0.30	6.62	154,759	46,997	839,452	714,325
2024-04-23	$133.42	$105.00	33.3%	9.3%	32.7%	43.4%	33.0%	0.4%	-1.0%	96.3M	-3.60B	-20.5M	0.49	3.05	70,587	34,525	868,050	724,803
2024-04-24	$132.64	$110.00	34.1%	9.5%	32.5%	46.3%	33.4%	0.9%	-0.8%	98.9M	-3.43B	-20.6M	0.28	9.26	123,633	34,952	885,095	735,084
2024-04-25	$137.06	$110.00	34.9%	9.9%	34.3%	49.3%	34.9%	0.5%	-1.3%	126.4M	-4.83B	-21.0M	0.67	8.64	72,483	48,579	903,586	746,254
2024-04-26	$137.94	$110.00	33.4%	9.4%	34.3%	43.8%	33.8%	0.1%	-0.7%	232.0M	-5.06B	-20.2M	0.61	6.75	72,888	44,726	905,600	761,011
2024-04-29	$138.22	$115.00	34.0%	9.8%	31.7%	45.8%	35.1%	0.5%	-0.4%	97.6M	-4.72B	-20.2M	0.82	7.61	41,076	33,575	829,662	738,762
2024-04-30	$138.16	$115.00	34.5%	10.1%	31.7%	47.9%	35.8%	0.1%	-0.3%	96.6M	-4.69B	-20.5M	0.83	9.53	37,508	30,952	843,137	759,215