Taiwan Semiconductor Manufacturing (TSM) Options Chain

NYSE: TSMTechnologySemiconductorsUSD

453.31-4.68 (-1.02%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $453.31
Put/call ratio (OI): 1.67
Put/call ratio (volume): 0.80
ATM implied volatility: 33.2%
Expected move: ±$64.98
Open interest (C / P): 111.66K / 186.42K

TSM options summary

The TSM options chain for the December 18, 2026 expiration lists 75 call and 72 put contracts, with 68 days until expiration. Open interest stands at 111,658 calls and 186,423 puts, a put/call ratio of 1.67, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $450.00 strike is 33.2%, which implies the market expects a move of about ±$64.98 (14.3%) in Taiwan Semiconductor Manufacturing stock by expiration.

The most open interest sits at the $500.00 call (14.31K contracts) and the $400.00 put (21.39K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

TSM options chain · December 18, 2026

TSM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
304	5	197.3%	383.10	382.55	385.55	70.00	0.00	0.05	0.02	137.5%	1	1,356
0	2	—	82.85	0.00	0.00	75.00	0.00	0.06	0.03	134.4%	3	1,198
18	2	—	283.12	346.60	350.05	80.00	0.00	0.58	0.02	162.2%	2	150
0	10	—	339.50	0.00	0.00	85.00	0.00	1.08	0.02	169.3%	8	228
61	1	174.6%	353.85	362.70	365.65	90.00	0.00	0.47	0.02	147.7%	1	3,265
17	1	174.2%	351.00	357.75	361.00	95.00	0.00	0.00	0.14	50.0%	1	0
92	1	165.4%	315.00	352.95	355.55	100.00	0.01	0.09	0.05	118.4%	109	4,360
26	10	—	301.00	321.70	325.60	105.00	0.01	0.08	0.04	113.3%	164	503
46	10	—	330.50	299.30	303.35	110.00	0.01	0.08	0.02	109.8%	21	552
35	6	152.3%	305.56	337.85	340.80	115.00	0.01	0.08	0.03	106.6%	5	318
0	33	—	300.00	0.00	0.00	120.00	0.00	0.57	0.03	124.7%	40	644
0	1	—	299.54	0.00	0.00	125.00	0.01	0.05	0.03	96.9%	5	635
22	1	142.7%	295.75	323.00	326.00	130.00	0.01	0.08	0.04	97.3%	5	133
9	1	—	270.83	292.80	296.55	135.00	0.00	0.08	0.08	93.4%	2	724
71	1	134.6%	334.79	313.05	315.95	140.00	0.00	0.10	0.04	92.6%	5	1,106
50	6	—	243.00	282.80	286.95	145.00	0.00	0.31	0.08	100.4%	1	255
122	1	123.1%	276.95	303.30	305.25	150.00	0.01	0.08	0.05	86.3%	4	1,502
32	1	127.2%	259.93	298.35	301.10	155.00	0.00	0.11	0.05	85.5%	6	345
59	1	125.1%	314.15	293.20	296.45	160.00	0.02	0.13	0.05	85.5%	23	1,579
0	1	—	251.00	0.00	0.00	165.00	0.00	0.09	0.10	79.3%	3	333
68	1	116.6%	290.00	283.30	286.10	170.00	0.00	0.34	0.10	87.9%	2	2,428
58	1	114.4%	278.38	278.30	281.25	175.00	0.00	0.49	0.04	89.1%	2	1,484
148	1	107.6%	272.96	273.50	275.50	180.00	0.00	0.12	0.06	74.6%	5	392
466	1	108.6%	300.52	268.55	271.05	185.00	0.00	0.51	0.14	84.6%	2	752
348	1	103.1%	239.30	263.60	265.60	190.00	0.01	0.11	0.08	70.5%	8	1,179
1,719	5	103.3%	260.16	258.65	261.05	195.00	0.00	0.59	0.08	81.3%	2	1,388
331	10	102.7%	253.50	253.70	256.40	200.00	0.05	0.12	0.08	69.0%	10	5,710
597	30	94.3%	257.00	243.75	245.80	210.00	0.00	0.13	0.06	63.3%	3	1,756
332	50	89.7%	255.50	233.85	235.80	220.00	0.04	0.14	0.08	61.7%	6	5,589
130	5	85.5%	256.47	223.95	225.85	230.00	0.06	0.16	0.08	59.4%	3	2,715
374	1	84.8%	213.85	214.00	216.75	240.00	0.05	0.18	0.12	56.1%	9	11,120
372	1	79.6%	207.50	204.10	206.55	250.00	0.08	0.22	0.17	54.4%	4	4,503
272	30	74.1%	205.71	194.20	196.20	260.00	0.15	0.30	0.20	53.6%	20	3,475
512	1	71.5%	206.00	184.30	186.60	270.00	0.18	0.35	0.26	51.3%	10	3,247
782	176	68.6%	185.70	174.40	176.95	280.00	0.20	0.32	0.26	49.2%	1	2,325
740	2	64.4%	196.80	164.50	166.85	290.00	0.28	0.35	0.32	46.5%	5	2,290
1,219	1	61.6%	153.75	154.65	157.20	300.00	0.35	0.42	0.40	44.5%	13	8,744
514	1	58.7%	146.30	144.80	147.55	310.00	0.30	0.52	0.53	42.7%	5	3,667
560	11	54.6%	156.86	135.00	137.30	320.00	0.50	0.72	0.62	41.7%	4	9,639
784	1	52.1%	143.35	125.20	127.80	330.00	0.71	0.80	0.77	39.2%	242	4,692
775	4	52.7%	149.55	115.50	117.80	340.00	0.79	1.11	1.05	38.3%	133	5,242
890	5	49.2%	105.19	105.90	108.00	350.00	1.28	1.41	1.38	36.7%	44	8,417
529	6	47.1%	95.00	96.40	98.70	360.00	1.64	1.90	1.84	35.7%	27	19,909
342	3	44.0%	86.55	87.05	89.10	370.00	2.39	2.57	2.45	34.8%	41	6,773
1,095	4	43.1%	76.68	78.00	80.55	380.00	3.05	3.70	3.41	34.6%	58	2,396
1,024	1	41.1%	71.02	69.55	71.70	390.00	4.40	5.00	4.80	34.0%	773	2,446
1,642	15	38.7%	61.00	60.90	62.80	400.00	5.95	6.45	6.35	33.0%	116	21,395
1,142	4	37.8%	53.55	53.00	55.00	410.00	8.10	8.60	8.45	32.6%	348	3,870
5,834	201	36.7%	45.60	46.25	47.55	420.00	10.60	11.35	11.18	32.4%	108	6,366
2,933	19	35.6%	38.90	39.20	40.50	430.00	13.70	14.75	14.38	32.3%	44	2,469
2,249	5	35.4%	33.00	32.75	34.60	440.00	17.70	18.80	18.30	32.2%	99	2,338
6,056	150	35.0%	28.60	28.35	29.05	450.00	22.15	23.00	22.95	31.5%	62	3,293
TSM $453.31
2,340	103	35.4%	23.85	22.75	24.80	460.00	26.60	28.30	28.40	31.4%	45	1,526
1,977	153	34.9%	19.65	18.70	20.35	470.00	32.25	34.60	34.13	31.7%	23	671
2,771	119	34.0%	15.95	15.85	16.20	480.00	39.30	41.40	40.58	32.0%	26	1,423
3,852	30	34.0%	12.81	12.80	13.20	490.00	46.30	47.50	47.00	30.6%	4	355
14,308	189	34.0%	10.27	10.30	10.65	500.00	53.85	55.60	40.95	31.3%	6	364
2,043	765	33.9%	8.11	8.25	8.50	510.00	61.25	64.00	53.80	31.9%	31	146
5,261	54	34.1%	6.55	6.20	6.90	520.00	69.80	72.40	70.75	31.9%	2	186
7,379	26	34.0%	5.15	5.10	5.40	530.00	78.40	81.15	82.15	32.0%	9	130
1,925	5	34.0%	3.80	3.85	4.25	540.00	87.25	90.25	89.10	32.4%	5	302
7,488	1,090	34.1%	3.16	3.00	3.35	550.00	97.00	99.55	79.65	32.8%	34	100
6,165	75	34.3%	2.51	2.33	2.65	560.00	106.30	109.05	96.90	33.4%	1	21
1,476	2	34.9%	1.81	1.88	2.21	570.00	116.20	118.75	88.60	34.4%	2	2
2,873	32	34.8%	1.43	1.46	1.67	580.00	0.00	0.00	150.70	—	22	0
2,822	5	35.2%	1.20	1.10	1.37	590.00	135.70	138.45	108.25	37.0%	8	0
3,042	23	35.7%	0.95	0.85	1.13	600.00	145.75	148.40	116.75	38.6%	12	2
2,487	1	35.9%	0.73	0.60	0.90	610.00	155.70	158.40	140.13	40.4%	1	0
1,616	1	35.4%	0.57	0.30	0.63	620.00	—	—	—	—	—	—
1,931	1	36.1%	0.51	0.23	0.55	630.00	—	—	—	—	—	—
310	5	37.9%	0.84	0.24	0.58	640.00	186.45	188.40	191.88	45.4%	—	0
277	23	36.2%	0.28	0.23	0.32	650.00	238.60	241.80	232.00	124.4%	—	0
582	5	38.5%	0.25	0.20	0.39	660.00	—	—	—	—	—	—
501	2	39.0%	0.36	0.04	0.34	670.00	0.00	0.00	247.70	—	1	0
2,431	2	39.5%	0.16	0.06	0.29	680.00	0.00	0.00	249.50	—	—	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the TSM put/call ratio?

For the December 18, 2026 expiration, the TSM put/call ratio based on open interest is 1.67 (186,423 puts vs 111,658 calls), and 0.80 based on today's volume. A ratio above 1 means more puts than calls.

What is TSM's implied volatility?

At-the-money implied volatility for TSM options expiring December 18, 2026 is about 33.2%, an annualized estimate of how much the market expects Taiwan Semiconductor Manufacturing stock to move.

How many TSM option expiration dates are there?

TSM has 18 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.