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TSM

Taiwan Semiconductor ManufacturClose $425.83EOD only

Max Pain

$380.00

Next expiry Jun 18, 2026

Expected Move

±$13.50

3.2% from close

Price Gap

-45.83

Distance to max pain

IV Rank

High premium

P/C OI

1.43

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 16, 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 16, 2026 close

TSM Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 13.0% from MP; +0.5 VIX 18

Watch next session: Watch for VIX spike >20 and tech sector follow-through.

Flow Summary

Net premium: +$154.0M bullish

P/C volume ratio: 1.54

P/C OI ratio: 1.37

Sustained put volume ratio >1.5 and spot below 440 gamma pinch support bearish bias. Flow is volume-driven, not premium-driven. Invalidation if net premium flips negative or spot reclaims 460.

Notable Prints

TSM 2026-07-02 $440.00 Call

Vol: 2,531

OI: 315

Vol/OI: 8.0x

IV: 49.5%

Notional: ~$3.6M

Intent: Bullish bet

Dual read: or short straddle leg

Read-through: Large volume near gamma flip, bullish if standalone.

TSM 2026-07-02 $440.00 Put

Vol: 2,579

OI: 425

Vol/OI: 6.1x

IV: 46.1%

Notional: ~$4.9M

Intent: Bearish bet

Dual read: protective put

Read-through: Elevated put volume confirms bearish lean.

TSM 2026-07-10 $440.00 Put

Vol: 810

OI: 134

Vol/OI: 6.0x

IV: 45.6%

Notional: ~$1.9M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSM 2026-07-17 $560.00 Call

Vol: 2,894

OI: 578

Vol/OI: 5.0x

IV: 54.8%

Notional: ~$492K

Intent: Speculative upside

Read-through: OTM call with high IV, lottery-like.

TSM 2026-07-02 $520.00 Call

Vol: 855

OI: 193

Vol/OI: 4.4x

IV: 51.8%

Notional: ~$77K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Short-dated calls at 440-450 and OTM calls at 520,560.

Put additions: Heavy put buying at 440 (ITM) and deep OTM puts at 300,220 for tail hedge.

GEX/DEX consistency: Consistent: positive GEX/DEX, pinning regime supports upper moves.

OI clusters: Large put OI at 400 (27k contracts) acts as key support level.

Hedging evidence: ITM puts at 440 and deep OTM puts suggest hedging of stock positions.

Max pain context: Spot above max pain, pinning may pull price lower.

Signal vs Noise

~Signal: net premium positive despite high put/call ratio indicates large call buys.

~Signal: heavy put hedging at 440 and tail puts.

~Noise: single day volume spikes less than 3x OI probably noise.

Key Conclusions

📈Bullish call additions at 440-450 with high volume.

🛡️Heavy put hedging suggests caution near 440.

📊Positive GEX/DEX supports stability around 440.

How to Use These Reports

This flow reflects the market close on June 17, 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.