TSM Options History — November 2024

In November 2024, TSM traded between $180.67 and $201.52. ATM implied volatility averaged 36.7%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 3.9% (HV 20d: 40.6%). Max pain ranged from $175.00 to $185.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-11-11: Highest Volume — 210,305 contracts
  • 2024-11-06: Largest IV drop — 8.5% change
  • 2024-11-01: Highest IV Rank — 51.8%
  • 2024-11-01: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$190.11$180.67$201.52$193.86$185.25
Max Pain$182.25$175.00$185.00$175.00$185.00
ATM IV36.7%31.7%41.0%41.0%31.7%
Expected Move10.6%9.5%12.9%12.9%9.5%
HV 20d40.6%29.4%52.7%49.6%30.5%
HV 60d42.5%41.4%43.3%42.2%41.7%
IV Rank40.0%26.4%51.8%51.8%26.4%
IV Percentile45.8%21.0%65.1%65.1%21.0%
Term Structure-0.4%-1.6%0.8%-0.7%0.1%
VWIV37.8%33.5%45.4%45.4%33.7%
Skew 25d0.3%-1.0%1.9%1.6%-0.5%
Skew 10d3.1%0.0%6.7%3.7%0.0%
Call IV 25d37.1%32.2%40.8%40.8%32.2%
Put IV 25d37.3%31.7%42.4%42.4%31.7%
Bid-Ask Spread %3.012.503.443.402.54
Gamma HHI0.090.070.140.140.08
Net GEX80.9M-54.8M193.4M127.1M55.1M
Net DEX-4.16B-7.26B-1.70B-5.38B-3.01B
Net VEX-28.2M-29.5M-25.5M-28.3M-28.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.330.830.610.54
Total Volume134,081.184,369210,305140,108107,874
Total OI1,633,658.551,528,0831,771,9861,662,6611,684,725

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$193.86$175.0041.0%12.9%49.6%51.8%45.4%1.6%-0.7%127.1M-5.38B-28.3M0.613.4087,07353,035729,774932,887
2024-11-04$191.65$175.0040.7%11.4%49.6%50.9%40.4%1.5%-0.3%91.6M-4.86B-27.6M0.773.4450,13838,500679,102887,190
2024-11-05$195.17$175.0040.0%11.2%49.8%49.1%39.8%1.9%-0.3%115.0M-5.73B-27.0M0.673.3258,77739,194691,333899,334
2024-11-06$193.91$175.0036.6%10.5%49.9%39.9%37.1%1.2%-0.0%114.3M-5.32B-27.2M0.732.99113,54082,987699,325910,237
2024-11-07$201.26$180.0036.1%10.4%51.4%38.5%36.5%0.1%0.4%187.2M-7.18B-26.7M0.463.27114,97952,878715,078952,870
2024-11-08$201.52$180.0034.8%10.1%50.6%34.8%36.1%0.1%0.8%193.4M-7.26B-25.5M0.612.94106,02464,694720,415959,835
2024-11-11$193.57$180.0036.4%10.4%52.7%39.4%37.0%0.4%0.0%87.8M-5.12B-26.5M0.832.99114,84595,460670,761927,451
2024-11-12$191.14$185.0038.3%11.0%51.5%44.4%38.8%-0.3%-0.2%74.4M-4.48B-28.5M0.803.2183,76067,062699,983955,805
2024-11-13$187.64$185.0037.9%10.9%51.9%43.4%38.8%-0.2%0.0%43.6M-3.74B-28.5M0.733.0097,13271,233730,130989,317
2024-11-14$188.10$185.0037.3%10.7%34.2%41.7%38.2%-0.3%-0.1%56.7M-3.85B-29.1M0.543.1280,39443,447752,2041,008,540
2024-11-15$185.34$185.0039.0%11.2%33.0%46.2%40.1%0.7%-0.1%-54.8M-3.20B-29.3M0.813.0873,34259,481756,1351,015,851
2024-11-18$187.22$185.0038.3%11.0%33.4%44.5%39.5%-1.0%-1.5%47.8M-2.98B-29.5M0.593.0352,94231,427620,061908,022
2024-11-19$189.69$185.0037.6%10.8%33.7%42.6%39.0%-0.8%-1.5%75.6M-3.61B-29.1M0.332.7471,25223,523631,205921,327
2024-11-20$187.18$185.0038.7%11.1%33.7%45.5%39.2%0.1%-1.6%62.3M-3.11B-29.5M0.632.9563,23039,819654,992928,829
2024-11-21$191.06$185.0036.5%10.5%34.6%39.5%37.7%0.4%-1.3%122.1M-3.96B-29.4M0.513.0488,32445,094668,626944,161
2024-11-22$189.98$185.0034.8%10.1%32.6%35.1%36.0%0.5%-1.3%146.6M-3.76B-28.7M0.642.9667,11942,674675,373942,454
2024-11-25$184.81$185.0033.6%9.9%30.6%31.7%35.3%0.2%0.2%53.5M-2.67B-27.7M0.642.5063,03240,243646,472914,446
2024-11-26$183.18$185.0032.2%9.5%29.8%27.6%33.5%-0.3%-0.1%31.8M-2.26B-28.1M0.532.6690,53447,961660,881935,326
2024-11-27$180.67$185.0031.8%9.5%29.4%26.6%33.6%0.0%0.0%-13.5M-1.70B-28.5M0.683.1094,68463,915695,553957,161
2024-11-29$185.25$185.0031.7%9.5%30.5%26.4%33.7%-0.5%0.1%55.1M-3.01B-28.8M0.542.5470,13837,736706,579978,146