TSM Options History — September 2024

In September 2024, TSM traded between $157.19 and $187.39. ATM implied volatility averaged 41.6%, placing in the 53.3% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 1.6% (HV 20d: 40.0%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2024-09-11: Highest Volume — 192,181 contracts
  • 2024-09-16: Largest IV spike — 8.9% change
  • 2024-09-30: Highest IV Rank — 60.0%
  • 2024-09-30: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$170.62$157.19$187.39$160.29$172.50
Max Pain$163.50$160.00$165.00$160.00$165.00
ATM IV41.6%39.1%44.1%41.4%44.1%
Expected Move12.6%12.1%13.8%12.4%13.8%
HV 20d40.0%34.9%49.3%44.4%49.3%
HV 60d46.3%45.0%48.5%45.2%48.5%
IV Rank53.3%46.6%60.0%52.7%60.0%
IV Percentile75.8%67.5%83.7%76.6%83.7%
Term Structure0.6%-1.5%5.4%-0.4%1.8%
VWIV44.4%42.7%48.5%43.5%48.5%
Skew 25d3.4%2.1%4.8%4.7%2.9%
Skew 10d7.7%4.9%12.4%9.4%6.5%
Call IV 25d40.2%36.5%42.5%39.3%42.1%
Put IV 25d43.5%39.4%46.3%44.0%45.0%
Bid-Ask Spread %8.042.5017.873.014.02
Gamma HHI0.100.060.370.070.07
Net GEX70.7M-27.2M211.0M6.8M38.9M
Net DEX-2.97B-5.47B-462.1M-1.19B-2.61B
Net VEX-25.8M-27.1M-24.5M-26.8M-25.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.181.161.030.90
Total Volume94,617.2545,039192,181130,82093,332
Total OI1,557,407.81,319,1571,678,5811,578,6421,374,593

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$160.29$160.0041.4%12.4%44.4%52.7%43.5%4.7%-0.4%6.8M-1.19B-26.8M1.033.0164,30966,511661,293917,349
2024-09-04$160.52$160.0040.9%12.3%37.6%51.5%43.5%4.2%-0.1%-524.1K-1.21B-26.9M0.732.9540,79429,715675,719949,683
2024-09-05$163.04$165.0039.9%12.5%37.8%48.7%43.3%4.0%-0.1%14.6M-1.70B-27.1M0.777.7934,81326,715684,048956,564
2024-09-06$157.19$165.0042.6%13.2%34.9%55.9%45.0%4.8%0.7%-27.2M-462.1M-26.5M0.849.9465,42655,163689,726960,520
2024-09-09$162.44$165.0042.1%13.0%36.5%54.7%45.8%4.7%2.9%23.1M-1.62B-26.4M0.607.8854,74632,813661,591935,856
2024-09-10$162.48$160.0040.9%12.8%36.5%51.3%46.6%4.4%4.2%36.3M-1.66B-26.4M0.6217.8734,86921,510688,210946,366
2024-09-11$169.57$160.0039.6%12.7%38.1%47.8%44.2%3.6%4.5%109.1M-3.37B-26.7M0.188.75162,57129,610701,495953,696
2024-09-12$171.10$160.0039.4%12.4%37.8%47.3%42.7%3.3%4.8%116.0M-3.45B-26.6M0.8011.7946,59537,089683,315960,963
2024-09-13$172.93$160.0039.1%12.2%36.6%46.6%43.3%2.9%5.4%116.0M-3.97B-26.4M0.687.9246,69631,725697,432969,057
2024-09-16$169.21$165.0042.6%12.6%37.3%56.0%43.8%4.1%-1.0%72.4M-2.87B-25.5M0.7612.6257,27443,594668,703949,496
2024-09-17$167.06$165.0043.6%12.7%37.6%58.8%43.7%3.7%-1.2%49.3M-2.35B-25.6M0.6415.3030,58119,518677,706969,325
2024-09-18$168.25$165.0042.6%12.2%37.6%56.0%42.7%3.2%-0.6%60.6M-2.66B-25.4M0.5913.8838,82922,890683,259974,635
2024-09-19$177.00$165.0042.2%12.2%41.7%54.9%43.8%2.4%-1.4%146.9M-4.75B-24.8M0.682.9067,33545,524684,173975,062
2024-09-20$174.44$165.0042.0%12.2%40.7%54.4%43.6%2.4%-1.3%211.0M-4.04B-25.0M0.5513.5356,85031,436692,246986,335
2024-09-23$174.81$165.0041.0%12.1%39.8%51.8%43.0%2.5%-1.1%72.4M-3.33B-24.5M1.163.1620,81324,226549,328769,829
2024-09-24$182.68$165.0041.4%12.4%42.4%52.9%44.5%2.2%-1.1%101.3M-4.64B-24.8M0.505.0978,56439,208557,651783,396
2024-09-25$181.75$165.0041.5%12.4%42.4%52.9%44.5%2.1%-1.2%107.6M-4.53B-25.3M0.792.5038,41130,382574,467793,597
2024-09-26$187.39$165.0042.2%12.6%43.5%54.8%45.0%2.5%-1.4%125.7M-5.47B-25.0M1.074.1463,02167,195578,523804,799
2024-09-27$177.82$165.0042.8%13.1%48.0%56.6%46.2%3.0%-1.5%34.0M-3.62B-25.2M0.715.8482,89758,795580,726827,424
2024-09-30$172.50$165.0044.1%13.8%49.3%60.0%48.5%2.9%1.8%38.9M-2.61B-25.4M0.904.0249,15544,177563,830810,763