TSM Options History — December 2024

In December 2024, TSM traded between $191.32 and $207.80. ATM implied volatility averaged 38.4%, placing in the 42.0% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 1.2% (HV 20d: 37.2%). Max pain ranged from $160.00 to $185.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-12-13: Highest Volume — 254,596 contracts
  • 2024-12-16: Largest IV spike — 13.3% change
  • 2024-12-18: Highest IV Rank — 63.6%
  • 2024-12-30: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$199.32$191.32$207.80$194.81$198.20
Max Pain$166.67$160.00$185.00$185.00$165.00
ATM IV38.4%31.9%46.4%32.7%41.8%
Expected Move12.0%9.9%13.4%10.1%13.4%
HV 20d37.2%32.8%42.6%35.2%37.1%
HV 60d41.4%40.4%42.2%42.1%40.5%
IV Rank42.0%24.9%63.6%29.2%50.3%
IV Percentile53.9%22.2%91.7%30.2%65.5%
Term Structure1.6%-1.5%7.4%0.8%-0.4%
VWIV42.5%35.6%47.5%36.0%46.8%
Skew 25d0.1%-1.1%2.2%-1.0%1.5%
Skew 10d1.6%-0.8%4.9%-0.8%3.7%
Call IV 25d38.7%32.5%46.7%33.3%41.2%
Put IV 25d38.9%31.9%46.9%32.4%42.7%
Bid-Ask Spread %11.682.4920.092.576.50
Gamma HHI0.090.070.160.090.08
Net GEX153.7M43.6M226.9M159.0M110.8M
Net DEX-6.10B-8.09B-4.33B-5.50B-4.82B
Net VEX-27.3M-28.7M-25.5M-27.9M-26.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.091.740.650.35
Total Volume130,907.38154,093254,596178,51582,048
Total OI1,673,091.6671,516,5941,756,2991,649,5671,576,825

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$194.81$185.0032.7%10.1%35.2%29.2%36.0%-1.0%0.8%159.0M-5.50B-27.9M0.652.57108,49870,017685,983963,584
2024-12-03$197.99$185.0032.3%10.0%35.3%27.9%35.6%-0.8%1.2%180.4M-6.15B-27.5M0.142.49205,37029,102689,803970,949
2024-12-04$201.23$185.0031.9%9.9%35.2%24.9%35.6%-0.6%0.9%210.3M-7.53B-27.6M0.562.6680,31145,077726,856981,319
2024-12-05$203.45$160.0032.2%11.1%35.2%25.6%39.9%-0.9%1.0%226.9M-8.09B-27.0M0.833.2374,93661,909736,636991,916
2024-12-06$202.37$160.0032.1%11.1%32.8%25.5%41.8%-0.7%1.1%190.5M-7.68B-27.6M0.738.6172,49452,734744,8161,001,917
2024-12-09$199.62$160.0033.9%11.6%33.2%30.4%41.4%-1.1%6.3%153.6M-6.50B-28.0M1.7416.4132,81657,157710,861957,666
2024-12-10$191.32$160.0033.9%11.8%33.5%30.4%43.1%-0.2%7.4%87.4M-4.33B-28.4M0.8812.2471,72262,784717,780977,313
2024-12-11$195.38$160.0033.9%11.7%34.0%28.7%41.7%-0.3%7.0%116.6M-5.59B-27.6M0.0914.97220,64520,317732,247988,784
2024-12-12$191.82$165.0035.4%11.8%34.0%33.0%41.7%-0.5%7.2%84.8M-4.33B-28.7M0.5012.7148,36923,951719,545997,217
2024-12-13$200.85$165.0036.9%11.8%37.6%37.3%41.7%-0.9%6.6%218.6M-6.97B-27.2M0.4013.09181,96172,635735,1621,002,487
2024-12-16$203.38$165.0041.8%12.4%37.1%50.4%43.8%-1.1%-0.7%190.2M-7.14B-27.7M0.4813.4668,39532,686712,717968,972
2024-12-17$200.57$165.0042.4%12.4%37.6%52.0%43.6%-0.7%-0.2%183.3M-6.53B-27.4M0.8020.0930,13323,960725,631978,378
2024-12-18$194.56$165.0046.4%13.3%39.3%63.6%46.7%0.2%-1.3%120.2M-4.93B-28.1M0.6019.4671,09242,594728,526984,007
2024-12-19$194.88$165.0045.5%13.1%38.9%61.1%46.4%1.5%-1.2%89.4M-4.79B-28.3M0.8117.4143,47235,038742,4031,004,682
2024-12-20$196.81$165.0042.6%12.3%38.4%52.7%43.3%2.2%-1.5%43.6M-5.45B-27.2M0.6416.9255,06235,369743,1821,013,117
2024-12-23$207.80$165.0042.6%12.4%42.6%52.7%43.6%1.0%-0.2%178.9M-7.39B-25.5M0.4811.17135,78765,484645,627870,967
2024-12-24$205.56$165.0041.3%11.9%41.3%48.9%42.2%1.0%-0.5%210.6M-7.06B-26.4M0.4519.2655,83525,384692,119903,893
2024-12-26$203.68$165.0041.4%12.2%41.3%49.3%43.2%0.9%-0.2%221.4M-6.53B-26.3M0.6612.0265,39343,258699,401914,134
2024-12-27$200.97$165.0043.9%13.2%41.3%56.4%46.6%1.7%-0.5%124.8M-5.44B-27.0M0.5310.3397,91951,602698,570937,775
2024-12-30$200.41$165.0042.5%13.4%40.7%52.4%47.5%1.5%-0.3%125.9M-5.34B-26.2M0.939.6449,62546,114663,939897,219
2024-12-31$198.20$165.0041.8%13.4%37.1%50.3%46.8%1.5%-0.4%110.8M-4.82B-26.0M0.356.5060,68721,361672,544904,281