TSM Options History — June 2025

In June 2025, TSM traded between $194.62 and $227.80. ATM implied volatility averaged 34.2%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 8.8% (HV 20d: 25.3%). Max pain ranged from $175.00 to $195.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.82.

Notable Days

2025-06-11: Highest Volume — 491,786 contracts
2025-06-17: Largest IV spike — 7.8% change
2025-06-17: Highest IV Rank — 13.9%
2025-06-17: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$212.35	$194.62	$227.80	$194.62	$226.44
Max Pain	$184.50	$175.00	$195.00	$175.00	$195.00
ATM IV	34.2%	31.5%	37.4%	31.6%	36.6%
Expected Move	10.2%	9.1%	10.9%	9.2%	10.8%
HV 20d	25.3%	20.6%	30.0%	30.0%	24.7%
HV 60d	49.9%	48.8%	51.1%	51.1%	49.0%
IV Rank	6.3%	0.0%	13.9%	0.0%	12.1%
IV Percentile	11.2%	0.0%	23.8%	0.0%	22.2%
Term Structure	1.0%	-1.1%	4.4%	1.6%	-1.0%
VWIV	36.8%	32.6%	39.4%	33.5%	39.4%
Skew 25d	2.9%	1.6%	5.1%	3.1%	2.3%
Skew 10d	6.8%	4.0%	10.4%	6.8%	6.6%
Call IV 25d	33.2%	31.2%	35.9%	31.3%	35.9%
Put IV 25d	36.1%	32.8%	40.4%	34.4%	38.3%
Bid-Ask Spread %	6.79	2.30	35.28	2.54	3.72
Gamma HHI	0.10	0.06	0.14	0.06	0.09
Net GEX	152.4M	64.2M	230.1M	64.2M	148.4M
Net DEX	-7.35B	-9.63B	-4.60B	-4.60B	-8.71B
Net VEX	-40.2M	-42.2M	-38.3M	-42.2M	-38.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.17	1.35	1.35	1.30
Total Volume	121,419.8	37,951	491,786	65,499	75,240
Total OI	1,822,287.3	1,584,065	1,939,659	1,831,510	1,660,163

Daily Data (20 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
2025-06-02	$194.62	$175.00	31.6%	9.2%	30.0%	0.0%	33.5%	3.1%	1.6%	64.2M	-4.60B	-42.2M	1.35	2.54	27,844	37,655	757,358	1,074,152
2025-06-03	$197.78	$175.00	31.7%	9.1%	29.6%	0.3%	32.6%	2.4%	0.7%	96.2M	-5.35B	-41.8M	0.69	2.31	40,039	27,444	769,375	1,088,559
2025-06-04	$203.12	$175.00	32.9%	9.5%	28.6%	3.2%	34.2%	1.8%	0.3%	137.7M	-6.73B	-41.5M	0.64	2.30	94,127	60,301	785,222	1,097,233
2025-06-05	$203.80	$180.00	33.2%	10.7%	28.4%	3.8%	37.2%	2.0%	0.1%	151.0M	-6.93B	-41.1M	0.98	5.26	45,638	44,895	808,266	1,112,735
2025-06-06	$205.47	$180.00	31.7%	10.2%	28.3%	0.3%	36.9%	1.6%	0.5%	181.0M	-7.30B	-41.3M	0.71	13.51	58,240	41,241	813,679	1,125,980
2025-06-09	$207.23	$180.00	31.5%	10.1%	28.3%	0.0%	36.6%	1.6%	3.6%	144.1M	-7.44B	-40.1M	0.46	3.95	85,857	39,762	790,706	1,101,706
2025-06-10	$212.61	$180.00	31.6%	10.3%	24.1%	0.1%	36.7%	2.1%	4.4%	185.2M	-8.57B	-40.7M	0.76	4.04	81,385	62,236	806,004	1,113,256
2025-06-11	$213.31	$185.00	31.9%	10.4%	20.6%	1.0%	37.3%	2.5%	4.4%	183.7M	-8.64B	-40.3M	0.17	6.45	419,319	72,467	811,539	1,122,070
2025-06-12	$215.20	$185.00	32.4%	10.3%	20.7%	2.1%	37.7%	3.1%	3.9%	195.8M	-7.53B	-40.7M	1.12	35.28	42,339	47,507	751,446	1,131,652
2025-06-13	$211.16	$185.00	34.4%	10.7%	22.2%	7.0%	38.4%	4.0%	4.3%	122.1M	-6.64B	-40.3M	0.68	4.09	57,633	39,125	759,385	1,149,879
2025-06-16	$215.46	$185.00	34.7%	10.2%	22.8%	7.5%	36.7%	3.3%	0.2%	165.9M	-7.60B	-38.6M	0.96	3.69	44,324	42,429	739,178	1,118,793
2025-06-17	$214.24	$185.00	37.4%	10.9%	22.8%	13.9%	39.2%	4.5%	-1.1%	156.0M	-7.30B	-40.0M	0.87	4.95	31,858	27,645	752,806	1,130,291
2025-06-18	$213.61	$185.00	36.8%	10.5%	23.0%	12.5%	37.5%	4.4%	-1.0%	155.0M	-7.27B	-39.3M	1.10	6.09	18,110	19,841	761,819	1,138,963
2025-06-20	$209.00	$185.00	37.0%	10.7%	24.7%	13.1%	38.0%	5.1%	-0.3%	103.7M	-6.05B	-40.3M	1.24	6.95	63,163	78,026	765,297	1,149,086
2025-06-23	$209.91	$190.00	35.8%	10.3%	23.7%	10.2%	36.4%	4.2%	0.0%	76.4M	-5.55B	-40.3M	0.42	5.93	111,940	47,412	664,783	919,282
2025-06-24	$219.84	$190.00	35.4%	10.2%	26.6%	9.2%	37.0%	2.9%	-0.4%	154.9M	-7.82B	-39.4M	0.87	6.27	83,160	72,217	688,946	935,027
2025-06-25	$222.53	$190.00	35.7%	10.4%	25.9%	9.9%	36.9%	2.5%	0.1%	183.6M	-8.47B	-39.4M	0.79	5.68	47,804	37,568	711,062	954,957
2025-06-26	$223.95	$190.00	35.1%	10.1%	25.6%	8.4%	35.6%	2.1%	-0.1%	213.9M	-8.83B	-38.9M	0.68	6.06	52,844	35,669	717,494	968,321
2025-06-27	$227.80	$195.00	35.9%	10.3%	25.8%	10.5%	37.2%	2.4%	-0.1%	230.1M	-9.63B	-38.8M	0.71	6.64	66,846	47,246	723,396	975,880
2025-06-30	$226.44	$195.00	36.6%	10.8%	24.7%	12.1%	39.4%	2.3%	-1.0%	148.4M	-8.71B	-38.3M	1.30	3.72	32,716	42,524	703,158	957,005