TSM Options History — May 2024

In May 2024, TSM traded between $135.94 and $159.85. ATM implied volatility averaged 32.2%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 0.0% (HV 20d: 32.3%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.60.

Notable Days

2024-05-23: Highest Volume — 355,441 contracts
2024-05-28: Largest IV spike — 5.2% change
2024-05-01: Highest IV Rank — 44.8%
2024-05-01: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$149.41	$135.94	$159.85	$136.31	$150.59
Max Pain	$120.68	$115.00	$125.00	$115.00	$125.00
ATM IV	32.2%	30.9%	33.7%	33.7%	32.4%
Expected Move	9.2%	8.8%	9.8%	9.8%	9.5%
HV 20d	32.3%	27.5%	37.8%	31.9%	31.0%
HV 60d	37.1%	34.2%	39.6%	39.5%	34.2%
IV Rank	39.2%	34.3%	44.8%	44.8%	40.0%
IV Percentile	66.4%	48.0%	78.2%	78.2%	69.8%
Term Structure	-0.3%	-1.7%	0.7%	-0.2%	-1.2%
VWIV	32.5%	31.2%	34.7%	34.7%	33.4%
Skew 25d	-0.1%	-0.5%	0.8%	0.8%	0.6%
Skew 10d	1.0%	-0.4%	3.8%	2.7%	3.8%
Call IV 25d	32.4%	31.3%	33.4%	33.4%	32.8%
Put IV 25d	32.3%	31.0%	34.2%	34.2%	33.4%
Bid-Ask Spread %	6.16	2.95	13.28	12.78	4.34
Gamma HHI	0.11	0.08	0.25	0.08	0.08
Net GEX	118.6M	42.1M	222.5M	75.1M	42.1M
Net DEX	-5.88B	-8.34B	-4.17B	-4.21B	-4.22B
Net VEX	-18.8M	-20.3M	-17.4M	-20.2M	-19.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.32	1.07	1.07	0.85
Total Volume	114,407.455	54,116	355,441	82,995	113,313
Total OI	1,599,902.409	1,406,033	1,743,347	1,632,124	1,561,859

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
2024-05-01	$136.31	$115.00	33.7%	9.8%	31.9%	44.8%	34.7%	0.8%	-0.2%	75.1M	-4.21B	-20.2M	1.07	12.78	40,164	42,831	849,625	782,499
2024-05-02	$135.94	$115.00	32.9%	9.6%	31.8%	41.9%	33.6%	0.1%	-0.1%	65.1M	-4.17B	-19.6M	0.92	9.96	28,198	25,918	853,168	789,812
2024-05-03	$141.56	$115.00	32.6%	9.4%	35.1%	40.8%	33.1%	-0.3%	0.1%	137.3M	-5.54B	-20.3M	0.91	9.80	64,008	58,039	856,615	804,583
2024-05-06	$142.14	$120.00	32.9%	9.4%	34.5%	41.8%	33.1%	-0.3%	0.6%	100.3M	-5.44B	-19.2M	0.61	13.28	39,508	24,077	821,618	792,226
2024-05-07	$141.08	$120.00	32.0%	9.1%	34.1%	38.6%	31.9%	-0.2%	0.6%	98.4M	-5.22B	-18.9M	0.35	10.64	50,217	17,381	835,863	804,016
2024-05-08	$143.09	$120.00	32.1%	9.2%	34.5%	38.8%	32.3%	-0.3%	0.7%	129.7M	-5.77B	-18.4M	0.58	12.46	60,246	34,690	846,762	810,138
2024-05-09	$142.68	$120.00	31.6%	9.0%	34.3%	36.9%	31.8%	-0.2%	0.6%	128.7M	-5.54B	-20.0M	0.41	3.76	44,358	18,030	858,091	823,176
2024-05-10	$148.97	$120.00	31.9%	8.9%	36.2%	38.1%	31.6%	-0.2%	0.3%	172.6M	-7.38B	-18.1M	0.32	2.95	254,535	82,296	875,592	830,464
2024-05-13	$146.71	$120.00	31.6%	8.8%	35.9%	36.7%	31.2%	0.3%	-0.7%	125.9M	-6.27B	-19.0M	0.64	6.85	42,258	27,252	852,519	817,975
2024-05-14	$151.48	$120.00	32.7%	9.2%	37.4%	41.2%	32.5%	-0.3%	-0.6%	161.4M	-7.45B	-18.0M	0.33	3.42	82,620	27,098	856,676	825,482
2024-05-15	$155.31	$120.00	32.0%	8.9%	37.8%	38.5%	31.3%	-0.5%	-0.9%	185.3M	-8.34B	-17.4M	0.39	3.23	105,984	40,909	860,385	833,668
2024-05-16	$152.66	$120.00	32.1%	9.0%	33.1%	38.9%	31.5%	-0.4%	-1.2%	163.0M	-7.56B	-17.8M	0.51	3.83	75,905	38,349	860,281	852,040
2024-05-17	$151.88	$120.00	31.4%	8.9%	30.0%	36.0%	31.2%	-0.2%	-0.7%	88.0M	-7.37B	-17.6M	0.42	3.56	49,899	20,942	870,651	872,696
2024-05-20	$153.79	$120.00	31.8%	9.0%	30.0%	37.7%	32.1%	-0.3%	-0.2%	93.4M	-5.40B	-17.6M	0.37	7.55	47,197	17,370	621,645	784,388
2024-05-21	$153.62	$120.00	32.0%	9.1%	29.3%	38.3%	32.4%	-0.3%	-0.1%	97.3M	-5.38B	-17.9M	0.79	3.06	38,467	30,332	636,256	791,620
2024-05-22	$155.51	$120.00	32.5%	9.3%	29.0%	40.3%	32.8%	-0.1%	0.0%	99.5M	-5.67B	-18.0M	0.41	5.72	88,314	36,444	641,825	809,233
2024-05-23	$157.03	$125.00	31.3%	9.0%	27.5%	35.6%	31.7%	0.1%	-0.0%	131.4M	-5.93B	-18.0M	0.42	4.18	250,286	105,155	657,401	825,629
2024-05-24	$159.85	$125.00	30.9%	8.9%	27.8%	34.3%	32.0%	-0.3%	0.0%	222.5M	-6.59B	-19.8M	0.68	3.61	92,035	62,971	689,182	866,402
2024-05-28	$158.69	$125.00	32.5%	9.4%	28.2%	40.3%	33.1%	0.0%	-1.2%	121.3M	-6.05B	-19.3M	0.75	3.33	47,055	35,359	667,893	840,381
2024-05-29	$154.94	$125.00	32.7%	9.5%	30.2%	41.1%	33.6%	-0.0%	-1.1%	93.8M	-5.17B	-19.7M	0.85	3.64	50,978	43,344	667,948	854,213
2024-05-30	$153.14	$125.00	32.9%	9.6%	30.0%	41.7%	33.7%	0.1%	-1.7%	77.3M	-4.79B	-19.7M	0.70	3.48	36,750	25,882	675,938	869,419
2024-05-31	$150.59	$125.00	32.4%	9.5%	31.0%	40.0%	33.4%	0.6%	-1.2%	42.1M	-4.22B	-19.8M	0.85	4.34	61,090	52,223	682,803	879,056