Home Options TSMReports

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 22, 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 6.3% from MP; +1 VIX 17; override: Deterministic base score 8 as noted in narrative.

Watch next session: 502.5/507.5 call strikes; gamma flip 350

Flow Summary

Net premium: +$133.6M bullish

P/C volume ratio: 1.31

P/C OI ratio: 1.36

Strong GEX pinning and net premium support bullish bias. Unusual call sweeps at 502.5/507.5 signal upside bets. High put volume ratio adds caution.

Notable Prints

TSM 2026-06-26 $502.50 Call

Vol: 2,145

OI: 174

Vol/OI: 12.3x

IV: 50.1%

Notional: ~$315K

Intent: Bullish

Read-through: Speculative upside.

TSM 2026-06-26 $507.50 Call

Vol: 2,055

OI: 260

Vol/OI: 7.9x

IV: 50.5%

Notional: ~$230K

Intent: Bullish

Read-through: Speculative upside.

TSM 2026-07-24 $240.00 Put

Vol: 811

OI: 126

Vol/OI: 6.4x

IV: 100.2%

Notional: ~$34K

Intent: Tail risk

Read-through: Extreme bearish.

TSM 2027-01-15 $460.00 Put

Vol: 542

OI: 118

Vol/OI: 4.6x

IV: 50.1%

Notional: ~$3.5M

Intent: Protective

Read-through: Long-term hedging.

TSM 2026-06-26 $432.50 Put

Vol: 1,089

OI: 254

Vol/OI: 4.3x

IV: 52.6%

Notional: ~$164K

Intent: Bearish

Read-through: Near-term OTM.

Institutional Positioning

Call additions: Call sweeps at 502.5, 507.5 (vol/oi >7) signal bullish bets.

Put additions: Put sweeps at 432.5, 460, and Jan 2027 460 (vol/oi >4) indicate hedging or bearish flow.

GEX/DEX consistency: GEX +$32.6M, DEX +47.2M, but put-call ratio >1: mixed consistency.

OI clusters: Largest put OI at 350 (21.8k) and 460; call OI at 502.5, 507.5.

Hedging evidence: Broad put sweeps across strikes suggest collar/hedging.

Max pain context: Spot above MP, gamma pinning near 460-470 limits downside.

Signal vs Noise

~Call sweeps at 502.5/507.5 (vol/oi >7) are real bullish signals.

~Put sweeps at 432.5/460 (vol/oi >4) are real bearish signals.

~Far OTM put at 240 (vol/oi 6.4) likely noise due to low OI.

~Jan 2027 460 put sweep is institutional hedging, not noise.

Key Conclusions

🐂Aggressive call buying near the money signals bullish expectations.

🐻Broad put accumulation signals downside hedging or bearish view.

📌GEX positive $32.6M and gamma pinning may limit volatility.

How to Use These Reports

This flow reflects the market close on June 22, 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.