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 17, 2027
Days to expiration: 432
Share price: $453.31
Put/call ratio (OI): 0.62
Put/call ratio (volume): 0.39
ATM implied volatility: 38.2%
Expected move: ±$188.24
Open interest (C / P): 35.13K / 21.73K

TSM options summary

The TSM options chain for the December 17, 2027 expiration lists 66 call and 66 put contracts, with 432 days until expiration. Open interest stands at 35,135 calls and 21,730 puts, a put/call ratio of 0.62, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $450.00 strike is 38.2%, which implies the market expects a move of about ±$188.24 (41.5%) in Taiwan Semiconductor Manufacturing stock by expiration.

The most open interest sits at the $470.00 call (3.10K contracts) and the $400.00 put (2.28K contracts).

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

TSM options chain · December 17, 2027

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
104	1	82.2%	374.75	341.00	346.00	115.00	0.30	0.78	0.25	55.6%	1	667
112	2	81.5%	358.50	336.50	341.50	120.00	0.35	0.76	0.49	54.1%	4	542
119	6	79.1%	300.18	331.50	336.50	125.00	0.01	1.05	0.62	52.2%	1	40
63	1	78.3%	320.00	327.00	332.00	130.00	0.06	1.10	0.56	51.3%	1	42
0	2	—	285.20	0.00	0.00	135.00	0.13	1.15	0.52	50.5%	1	66
0	2	—	285.00	0.00	0.00	140.00	0.22	0.78	0.55	50.4%	2	86
90	3	74.6%	276.01	313.00	318.00	145.00	0.65	1.01	0.88	50.9%	2	78
930	1	73.8%	336.21	308.50	313.50	150.00	0.48	1.22	0.92	51.0%	1	146
0	3	—	286.82	0.00	0.00	155.00	0.59	1.02	0.96	48.2%	10	257
102	1	71.1%	263.95	299.00	304.00	160.00	0.69	1.01	0.91	46.8%	12	71
57	1	—	280.77	253.00	257.50	165.00	0.93	1.51	1.06	48.5%	11	102
0	4	—	258.50	0.00	0.00	170.00	0.88	1.41	1.29	46.7%	12	288
505	1	67.6%	260.09	285.50	289.50	175.00	0.00	0.00	3.75	12.5%	1	0
60	6	67.8%	244.85	281.00	286.00	180.00	1.16	1.64	1.75	45.3%	3	509
106	5	66.0%	276.12	276.00	281.00	185.00	1.26	2.01	1.89	45.7%	1	52
74	3	65.2%	293.08	271.50	276.50	190.00	1.42	1.98	2.21	44.4%	1	121
0	2	—	248.74	0.00	0.00	195.00	1.27	2.57	2.51	45.3%	1	59
270	1	63.4%	295.62	262.50	267.30	200.00	1.67	2.49	2.15	43.9%	2	805
86	1	61.4%	256.50	253.50	257.80	210.00	2.08	3.35	2.43	44.1%	1	610
227	1	60.0%	278.70	244.50	249.10	220.00	2.61	3.55	2.85	42.3%	1	291
238	1	58.3%	240.10	235.50	240.10	230.00	3.30	4.20	4.30	41.5%	1	1,078
890	50	56.8%	232.75	227.00	230.90	240.00	4.05	4.60	5.05	40.1%	22	727
1,037	7	55.6%	223.40	218.50	222.35	250.00	4.95	5.35	5.20	39.4%	1	625
220	1	54.5%	229.74	210.00	213.90	260.00	5.30	6.95	6.10	39.9%	1	711
237	2	53.3%	193.47	201.50	205.50	270.00	6.00	7.35	7.28	38.2%	1	396
324	1	52.2%	190.81	193.00	197.30	280.00	8.10	9.20	8.60	38.5%	2	433
1,250	6	51.2%	185.18	185.00	189.15	290.00	9.25	10.50	9.87	37.9%	6	1,886
853	6	50.4%	178.05	177.00	181.50	300.00	10.75	11.70	11.39	37.0%	5	722
133	1	51.2%	145.87	169.50	173.50	310.00	12.25	13.80	11.05	37.0%	4	702
235	1	50.8%	177.00	161.50	166.50	320.00	13.55	15.25	15.30	36.1%	2	188
719	4	49.6%	175.95	154.50	158.60	330.00	16.60	17.60	17.55	35.9%	1	298
338	2	48.9%	151.64	147.00	151.50	340.00	19.00	20.45	20.12	35.9%	3	747
988	3	48.4%	141.87	140.70	144.70	350.00	21.60	22.40	22.11	35.1%	13	1,071
424	1	47.6%	139.05	133.50	137.80	360.00	23.40	25.50	25.30	35.0%	1	343
1,178	1	47.3%	130.00	127.90	131.55	370.00	25.50	29.50	25.40	35.3%	1	279
438	1	46.6%	140.30	121.10	125.00	380.00	30.50	31.80	31.77	34.4%	3	211
1,749	4	46.2%	116.22	114.50	119.00	390.00	34.15	35.20	35.65	34.0%	7	97
899	374	45.8%	110.80	109.00	113.25	400.00	37.75	39.50	36.90	34.0%	1	2,282
214	4	45.6%	104.97	103.50	108.00	410.00	41.75	43.80	43.17	33.9%	10	412
550	2	44.5%	99.00	99.15	101.40	420.00	46.10	48.05	41.97	33.6%	29	246
115	1	44.6%	102.56	93.00	96.90	430.00	50.75	52.15	51.50	33.1%	20	1,080
1,082	2	44.0%	90.00	88.80	91.40	440.00	54.35	56.50	56.98	32.6%	1	619
1,269	22	43.6%	84.50	84.35	86.50	450.00	60.25	62.20	60.57	32.7%	30	136
TSM $453.31
2,838	5	43.8%	80.70	79.80	82.75	460.00	65.00	66.80	66.75	32.1%	5	103
3,105	4	43.1%	76.80	75.75	77.70	470.00	70.80	73.55	70.47	32.5%	2	368
761	2	43.2%	74.20	71.85	74.10	480.00	76.30	78.00	76.06	31.6%	4	141
452	3	43.1%	68.60	67.10	70.35	490.00	82.25	85.20	85.00	32.0%	1	93
1,425	6	42.6%	64.90	64.00	66.10	500.00	88.50	90.05	90.22	31.1%	1	88
307	2	42.4%	61.85	60.10	62.35	510.00	94.85	97.70	87.84	31.5%	25	22
486	10	42.4%	59.00	56.90	59.30	520.00	100.75	103.00	89.30	30.6%	16	153
593	1	42.2%	55.30	53.90	56.00	530.00	108.05	110.60	99.73	30.8%	22	30
1,675	26	42.1%	51.80	50.85	53.15	540.00	115.20	116.75	114.48	30.0%	10	81
689	2	42.1%	56.20	48.40	50.40	550.00	121.80	125.10	112.91	30.4%	4	60
1,164	1	42.2%	48.01	44.90	48.15	560.00	129.25	131.20	120.08	29.4%	2	69
192	8	41.8%	43.95	42.50	44.95	570.00	136.95	140.50	136.08	30.2%	4	56
87	1	41.8%	53.09	40.80	42.75	580.00	143.90	148.00	145.55	29.8%	2	30
74	23	41.8%	44.05	38.35	40.50	590.00	152.00	154.75	154.40	28.9%	2	31
645	27	41.6%	37.30	36.40	38.10	600.00	160.00	164.00	161.20	29.4%	4	44
218	1	41.9%	36.50	34.50	36.65	610.00	168.00	171.00	158.77	28.3%	2	9
243	1	41.7%	46.24	33.00	34.55	620.00	176.50	180.30	158.86	28.7%	2	45
486	1	42.0%	42.82	30.20	33.30	630.00	184.00	188.50	186.03	28.2%	22	22
159	28	41.7%	31.40	29.20	31.15	640.00	193.95	196.40	192.88	27.4%	2	19
132	25	41.7%	29.51	27.60	29.55	650.00	202.35	206.00	203.58	27.8%	16	13
112	3	41.4%	41.20	26.05	27.60	660.00	211.80	215.00	197.00	27.7%	2	21
260	5	41.8%	37.52	23.90	26.85	670.00	220.60	222.85	209.17	26.3%	2	96
747	270	41.4%	24.05	23.45	24.75	680.00	229.75	233.00	231.10	27.2%	2	15

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 17, 2027 expiration, the TSM put/call ratio based on open interest is 0.62 (21,730 puts vs 35,135 calls), and 0.39 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 17, 2027 is about 38.2%, 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.