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TSM

Taiwan Semiconductor ManufacturClose $462.12EOD only

Max Pain

$430.00

Next expiry Jun 26, 2026

Expected Move

±$13.32

2.9% from close

Price Gap

-32.12

Distance to max pain

IV Rank

100

High premium

P/C OI

1.38

Slightly put-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

TSM Flow Report

Analysis based on market close June 18, 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 20.0% from MP; +1 VIX 16

Watch next session: $455; $400

Flow Summary

Net premium: +$390.1M bullish

P/C volume ratio: 0.76

P/C OI ratio: 1.38

Options flow heavily bullish: net premium +$390M, put/call volume ratio 0.76, regime Bullish with gamma pinning. Unusual call prints at $455/$457.5 and put buying deep OTM suggest upside bias with downside insurance.

Notable Prints

TSM 2026-06-26 $335.00 Put

Vol: 1,548

OI: 103

Vol/OI: 15.0x

IV: 98.7%

Notional: ~$63K

Intent: Hedge against crash

Dual read: Speculative put

Read-through: Fear of downside

TSM 2026-06-18 $455.00 Call

Vol: 19,482

OI: 1,761

Vol/OI: 11.1x

IV: 38.6%

Notional: ~$14.6M

Intent: Bullish bet on rally

Dual read: Could be closing shorts

Read-through: Strong bullish sentiment

TSM 2026-06-26 $250.00 Put

Vol: 6,404

OI: 636

Vol/OI: 10.1x

IV: 149.6%

Notional: ~$58K

Intent: Catastrophic hedge

Dual read: Lottery ticket

Read-through: Tail risk hedging

TSM 2026-06-18 $457.50 Call

Vol: 2,017

OI: 246

Vol/OI: 8.2x

IV: 39.6%

Notional: ~$1.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSM 2026-06-18 $460.00 Put

Vol: 679

OI: 115

Vol/OI: 5.9x

IV: 18.3%

Notional: ~$26K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call volume at 455-457.5 6/18 and 470 6/26

Put additions: Far OTM puts at 250 and 335 for 6/26; also 450-460 puts 6/18

GEX/DEX consistency: Bullish call flow aligns with +GEX and +DEX positioning

OI clusters: OI concentrated near 450-460 calls and 250-335 puts

Hedging evidence: Far OTM puts and 450-460 puts indicate hedging

Max pain context: Spot above MP; positive gamma likely pins price near 400-450

Signal vs Noise

~Sustained call buying at 455-457.5 is signal

~Large far OTM put volume at 250 and 335 is signal of hedging

~Positive GEX/DEX consistent with bullish flow

Key Conclusions

🟢Institutions are adding upside exposure via 455-457.5 calls.

🛡️Far OTM put buying at 250 and 335 suggests protective hedging.

📌Positive gamma and spot above MP likely pin price in 400-450 range.

How to Use These Reports

This flow reflects the market close on June 18, 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.