TSM Options History — February 2026

In February 2026, TSM traded between $326.26 and $387.84. ATM implied volatility averaged 42.6%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 5.3% (HV 20d: 37.3%). Max pain ranged from $300.00 to $320.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.05.

Notable Days

2026-02-11: Highest Volume — 225,632 contracts
2026-02-06: Largest IV drop — 7.3% change
2026-02-24: Highest IV Rank — 38.7%
2026-02-24: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$360.97	$326.26	$387.84	$341.18	$373.95
Max Pain	$307.89	$300.00	$320.00	$305.00	$320.00
ATM IV	42.6%	37.2%	46.4%	37.2%	42.9%
Expected Move	12.2%	10.4%	13.5%	10.4%	12.5%
HV 20d	37.3%	33.0%	41.1%	33.0%	39.7%
HV 60d	33.8%	32.2%	35.5%	32.2%	35.5%
IV Rank	30.1%	18.0%	38.7%	18.0%	30.7%
IV Percentile	81.2%	49.2%	92.5%	49.2%	82.9%
Term Structure	-0.4%	-1.2%	0.5%	-0.1%	-0.1%
VWIV	43.6%	37.3%	48.4%	37.3%	45.8%
Skew 25d	3.8%	1.4%	5.1%	1.4%	4.5%
Skew 10d	7.8%	3.9%	11.4%	4.5%	11.4%
Call IV 25d	41.1%	37.0%	44.9%	37.0%	40.9%
Put IV 25d	44.9%	38.4%	49.4%	38.4%	45.3%
Bid-Ask Spread %	32.54	20.37	43.64	27.77	25.64
Gamma HHI	0.06	0.04	0.10	0.07	0.05
Net GEX	57.4M	-146.3M	193.9M	-11.4M	82.8M
Net DEX	-10.20B	-13.18B	-4.73B	-7.88B	-10.45B
Net VEX	-58.1M	-67.6M	-50.8M	-50.8M	-67.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.05	0.47	1.63	0.94	1.17
Total Volume	144,712.368	79,600	225,632	105,877	132,781
Total OI	1,420,158.158	1,291,383	1,537,314	1,291,383	1,537,314

Daily Data (19 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
2026-02-02	$341.18	$305.00	37.2%	10.4%	33.0%	18.0%	37.3%	1.4%	-0.1%	-11.4M	-7.88B	-50.8M	0.94	27.77	54,555	51,322	513,339	778,044
2026-02-03	$334.94	$305.00	39.9%	11.4%	33.9%	24.0%	39.9%	3.1%	-0.3%	-64.9M	-6.50B	-53.3M	1.26	29.46	35,178	44,422	535,343	800,808
2026-02-04	$326.26	$300.00	40.6%	12.0%	35.2%	25.6%	41.6%	4.4%	0.2%	-146.3M	-4.73B	-54.2M	1.10	31.00	48,361	53,239	537,932	820,680
2026-02-05	$329.14	$300.00	43.1%	11.9%	34.4%	31.1%	44.0%	3.4%	-1.2%	-117.5M	-5.40B	-53.6M	0.47	43.64	119,485	55,587	547,311	836,462
2026-02-06	$349.50	$300.00	39.9%	11.4%	40.2%	24.1%	40.2%	4.2%	-0.0%	160.9M	-9.56B	-52.9M	0.79	41.39	103,122	81,380	554,066	861,417
2026-02-09	$356.25	$300.00	41.2%	11.6%	40.3%	26.8%	41.4%	2.9%	-0.7%	89.3M	-10.41B	-51.6M	1.02	33.00	69,627	70,985	540,897	802,119
2026-02-10	$361.79	$300.00	41.4%	11.8%	39.8%	27.3%	41.1%	3.1%	-0.7%	103.7M	-11.24B	-52.2M	0.77	39.40	75,339	57,947	556,541	826,609
2026-02-11	$374.14	$300.00	42.4%	12.3%	41.1%	29.7%	43.8%	2.1%	0.5%	149.1M	-13.18B	-52.9M	0.81	36.42	124,385	101,247	572,740	844,273
2026-02-12	$368.50	$300.00	45.2%	12.9%	41.1%	36.0%	46.7%	3.6%	-0.1%	101.5M	-11.97B	-57.4M	1.63	41.16	66,458	108,285	601,097	894,578
2026-02-13	$365.37	$310.00	43.8%	12.5%	37.8%	32.8%	44.5%	4.4%	-0.4%	56.9M	-11.43B	-59.0M	0.89	39.18	59,259	52,834	616,809	919,450
2026-02-17	$364.90	$310.00	45.3%	13.0%	37.8%	36.2%	45.5%	4.8%	-0.9%	62.1M	-10.94B	-59.0M	0.52	33.21	144,828	75,368	600,788	824,307
2026-02-18	$362.05	$310.00	42.7%	12.2%	34.1%	30.3%	43.5%	3.4%	-0.6%	64.3M	-10.60B	-60.5M	0.93	37.73	53,145	49,226	616,499	854,070
2026-02-19	$359.63	$310.00	42.5%	12.2%	34.3%	29.8%	42.9%	3.8%	-0.2%	29.2M	-10.07B	-62.3M	1.07	37.30	48,241	51,663	633,809	875,600
2026-02-20	$370.52	$310.00	42.0%	12.1%	35.4%	28.8%	43.3%	5.1%	-0.8%	193.9M	-12.37B	-63.0M	1.09	33.95	77,623	84,979	645,391	884,960
2026-02-23	$369.78	$310.00	44.6%	13.0%	35.0%	34.6%	46.3%	4.1%	-0.5%	62.6M	-10.32B	-63.0M	1.46	24.14	33,422	48,795	575,539	735,032
2026-02-24	$387.38	$320.00	46.4%	13.5%	37.9%	38.7%	48.4%	4.7%	-0.9%	116.2M	-12.88B	-63.1M	1.42	21.98	85,224	120,769	586,523	757,497
2026-02-25	$387.84	$320.00	46.0%	13.5%	37.7%	37.7%	48.2%	4.6%	0.0%	108.5M	-13.03B	-63.4M	1.05	20.37	47,311	49,908	609,419	817,275
2026-02-26	$375.22	$320.00	42.8%	12.4%	40.3%	30.4%	43.7%	4.2%	-0.5%	49.8M	-10.94B	-64.8M	1.55	21.43	83,505	129,730	625,550	842,917
2026-02-27	$373.95	$320.00	42.9%	12.5%	39.7%	30.7%	45.8%	4.5%	-0.1%	82.8M	-10.45B	-67.6M	1.17	25.64	61,310	71,471	648,503	888,811