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TSM

Taiwan Semiconductor ManufacturClose $441.40EOD only

Max Pain

$380.00

Next expiry Jun 18, 2026

Expected Move

±$16.62

3.8% from close

Price Gap

-61.40

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 15, 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 15, 2026 close

TSM Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.1% from MP; +1 VIX 16

Watch next session: 400 put defense; 480 call activity

Flow Summary

Net premium: +$238.4M bullish

P/C volume ratio: 1.51

P/C OI ratio: 1.43

Despite bearish put/call ratios and market weakness, strong net call premium ($238M) and positive dealer gamma/delta support bullish bias. Concentration at 400 put and large 480 call reveal institutional confidence. Watch for hold above gamma flip pivot.

Notable Prints

TSM 2026-07-10 $480.00 Call

Vol: 5,174

OI: 163

Vol/OI: 31.7x

IV: 49.8%

Notional: ~$2.6M

Intent: Bullish speculation or call overwrite exit

Dual read: Could be short call opening if OI is low

Read-through: Aggressive bullish bet on TSM above $480 by mid-July

TSM 2026-07-10 $400.00 Put

Vol: 1,648

OI: 302

Vol/OI: 5.5x

IV: 45.6%

Notional: ~$1.3M

Intent: Bearish bet or hedge near gamma flip level

Read-through: Put buying at key $400 gamma flip level

TSM 2026-07-10 $435.00 Call

Vol: 438

OI: 126

Vol/OI: 3.5x

IV: 48.9%

Notional: ~$785K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSM 2026-07-02 $430.00 Put

Vol: 308

OI: 118

Vol/OI: 2.6x

IV: 45.0%

Notional: ~$534K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSM 2026-06-26 $435.00 Put

Vol: 350

OI: 142

Vol/OI: 2.5x

IV: 45.9%

Notional: ~$611K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: 480C 31x, 460C 2x OI

Put additions: 400P 5.5x, deep OTM puts (310P, 305P)

GEX/DEX consistency: GEX +$6.4M, DEX +52.3M shares, aligned

OI clusters: 400 put OI concentration, gamma flip

Hedging evidence: Deep OTM puts suggest tail hedging

Max pain context: Spot above MP, pinning towards 400

Signal vs Noise

~480C aggressive buying is real call demand

~Deep OTM put volume is hedging noise

~QQQ drop not reflected in TSM flow, signal of relative strength

Key Conclusions

📊Institutions add upside calls at 480 while hedging with deep OTM puts; mixed flow but GEX positive supports spot.

How to Use These Reports

This flow reflects the market close on June 16, 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.