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TSM

Taiwan Semiconductor ManufacturClose $423.93EOD only

Max Pain

$380.00

Next expiry Jun 18, 2026

Expected Move

±$19.50

4.6% from close

Price Gap

-43.93

Distance to max pain

IV Rank

High premium

P/C OI

1.45

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects TSM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

TSM Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 18

Watch next session: $425 call strike; $400 gamma flip

Flow Summary

Net premium: +$372.4M bullish

P/C volume ratio: 0.99

P/C OI ratio: 1.45

TSM sees heavy call buying with $372M net premium. Gamma pinning near max pain. Unusual prints at $417.5 put and $425 call. Bearish OI ratio mixed. Bullish bias short-term.

Notable Prints

TSM 2026-06-12 $417.50 Put

Vol: 3,364

OI: 324

Vol/OI: 10.4x

IV: 17.2%

Notional: ~$3K

Intent: Hedge

Read-through: Protection near gamma flip.

TSM 2026-06-18 $397.50 Put

Vol: 2,066

OI: 271

Vol/OI: 7.6x

IV: 46.6%

Notional: ~$426K

Intent: Bearish speculation

Read-through: Expects drop below 397.5 by 6/18.

TSM 2026-06-26 $240.00 Put

Vol: 985

OI: 261

Vol/OI: 3.8x

IV: 119.5%

Notional: ~$16K

Intent: Lottery ticket

Read-through: High IV, low prob, extreme downside.

TSM 2026-06-18 $115.00 Call

Vol: 400

OI: 112

Vol/OI: 3.6x

IV: 491.4%

Notional: ~$11.8M

Intent: Mispricing

Dual read: Could be deep ITM exercise

Read-through: Very high IV, likely erroneous.

TSM 2026-06-12 $422.50 Put

Vol: 445

OI: 145

Vol/OI: 3.1x

IV: 9.1%

Notional: ~$10K

Intent: Hedge

Read-through: Protection above spot.

Institutional Positioning

Call additions: Call additions at 375 and 660 (Jul) strikes; net premium +$372M.

Put additions: Put additions at 417.5 (10.4x OI), 422.5, 397.5, 240.

GEX/DEX consistency: Positive GEX and DEX consistent with bullish delta and pinning.

OI clusters: Put OI concentrated at ~400 (gamma flip), with clusters at 417.5 and 422.5 puts.

Hedging evidence: Put buying below spot suggests hedging; deep ITM call likely roll.

Max pain context: Spot at max pain (~420) with positive gamma; expected pin for OpEx.

Signal vs Noise

~Put spikes at 417.5/422.5 are notable but may be hedging noise.

~Deep ITM call at 115 likely a roll, not directional.

~Positive GEX/DEX alignment and net premium are bullish signals.

~Long-dated speculative calls at 660 indicate bullish outlook.

~High IV on 397.5 put suggests fear or hedging.

~Spot at MP reduces noise from gamma pinning.

Key Conclusions

📈GEX/DEX positive with spot at MP, pinning expected near 420.

⚠️Heavy put buying at 417.5/422.5 signals resistance and hedging.

💰Net premium +$372M with call flow dominance supports bullish bias.

How to Use These Reports

This flow reflects the market close on June 12, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.