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: Jan 21, 2028
Days to expiration: 468
Share price: $453.31
Put/call ratio (OI): 0.43
Put/call ratio (volume): 2.19
ATM implied volatility: 38.4%
Expected move: ±$197.16
Open interest (C / P): 67.83K / 29.31K

TSM options summary

The TSM options chain for the January 21, 2028 expiration lists 62 call and 62 put contracts, with 468 days until expiration. Open interest stands at 67,832 calls and 29,314 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $450.00 strike is 38.4%, which implies the market expects a move of about ±$197.16 (43.5%) in Taiwan Semiconductor Manufacturing stock by expiration.

The most open interest sits at the $300.00 call (9.13K contracts) and the $350.00 put (4.41K contracts).

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

TSM options chain · January 21, 2028

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
158	3	75.6%	355.52	323.00	327.80	135.00	0.60	0.98	0.70	51.6%	5	801
142	1	73.8%	340.50	318.00	323.00	140.00	0.63	1.09	0.81	51.0%	1	218
13	2	73.0%	321.72	313.50	318.50	145.00	0.60	1.16	0.90	50.0%	2	25
56	1	72.1%	324.30	309.00	314.00	150.00	0.77	1.25	0.84	49.2%	1	457
20	2	71.3%	266.85	304.50	309.50	155.00	0.59	1.66	1.85	50.1%	2	36
42	1	70.4%	318.20	300.00	305.00	160.00	0.91	1.60	2.00	48.4%	1	170
44	1	—	254.50	253.50	258.50	165.00	1.11	1.75	3.55	47.8%	10	259
66	2	68.2%	312.93	291.00	295.50	170.00	0.99	1.86	1.76	47.0%	2	141
22	1	66.9%	306.88	286.00	291.00	175.00	1.27	2.03	1.90	46.5%	2	15
56	1	65.9%	248.00	281.50	286.30	180.00	1.24	2.18	1.85	45.8%	10	136
51	2	65.2%	313.88	277.00	282.00	185.00	6.15	9.05	9.00	58.6%	3	9
56	3	—	244.50	254.50	259.50	190.00	1.91	2.34	3.65	44.0%	1	534
42	1	—	293.25	239.00	243.50	195.00	2.03	2.69	2.30	44.0%	5	200
1,103	5	62.8%	300.20	264.00	268.15	200.00	2.22	2.90	2.54	43.4%	37	1,057
104	1	60.5%	231.22	255.00	258.40	210.00	2.66	3.25	3.20	42.1%	1	813
121	1	59.3%	279.75	246.00	250.20	220.00	3.10	4.20	3.50	42.1%	12	223
137	1	57.7%	250.27	237.50	240.85	230.00	3.75	4.55	4.10	40.6%	1	243
167	2	56.5%	237.83	228.50	232.65	240.00	4.45	5.40	4.64	40.1%	10	948
3,250	2	55.0%	225.48	220.00	223.70	250.00	5.65	6.20	5.70	39.3%	2	541
439	3	54.0%	244.75	211.50	215.50	260.00	6.45	7.40	6.90	39.0%	5	426
488	1	53.3%	215.00	203.50	207.80	270.00	7.95	8.35	7.20	38.1%	1	501
629	2	52.3%	200.75	195.50	199.45	280.00	9.20	10.10	9.65	38.1%	1	392
617	2	51.2%	206.00	187.50	191.20	290.00	10.60	11.35	11.27	37.4%	1	598
9,135	18	50.9%	183.00	180.85	183.75	300.00	12.25	13.30	12.60	37.2%	26	1,542
620	1	50.7%	193.50	172.00	175.50	310.00	13.85	14.70	14.75	36.4%	1	397
450	2	49.9%	165.20	164.85	167.95	320.00	15.25	17.25	16.75	36.4%	2	777
342	2	49.2%	158.00	157.50	160.85	330.00	18.20	19.05	19.30	35.7%	1	723
264	1	48.9%	156.00	151.05	154.35	340.00	20.55	21.55	21.67	35.4%	40	371
2,806	38	47.6%	144.55	143.50	146.50	350.00	22.55	24.60	24.05	35.3%	54	4,411
381	9	47.8%	138.05	137.05	140.95	360.00	26.20	27.05	27.00	34.6%	1	1,380
298	2	47.2%	134.80	131.20	134.55	370.00	29.35	30.95	30.10	34.8%	3	435
225	1	47.0%	140.50	124.50	128.90	380.00	32.40	33.80	34.05	34.2%	1	476
669	22	46.3%	137.00	118.50	122.50	390.00	35.50	37.90	37.10	34.2%	17	940
1,651	11	45.9%	114.20	113.00	116.75	400.00	39.10	41.45	40.82	33.8%	18	377
379	2	45.3%	108.95	107.95	110.80	410.00	44.20	45.95	44.85	33.7%	5	182
571	5	45.0%	105.15	102.80	105.55	420.00	47.85	50.15	49.69	33.4%	7	835
706	2	44.7%	98.23	97.60	100.40	430.00	52.95	55.00	54.77	33.3%	1	731
3,628	2	44.7%	94.00	92.20	96.15	440.00	57.75	59.00	54.70	32.6%	2	464
5,980	13	44.1%	89.05	88.50	90.75	450.00	62.25	64.85	64.82	32.8%	2	885
TSM $453.31
414	6	43.8%	83.90	83.00	86.15	460.00	67.70	69.25	68.55	32.1%	81	201
321	4	43.8%	80.61	79.20	82.50	470.00	73.20	75.55	75.18	32.2%	5	518
202	13	43.5%	76.43	75.45	78.10	480.00	79.15	80.45	80.30	31.6%	25	381
658	10	43.3%	73.80	71.20	74.25	490.00	84.30	87.65	77.69	32.0%	3	65
4,533	18	43.2%	69.00	68.30	70.60	500.00	90.75	92.50	92.35	31.1%	5	189
254	3	43.1%	88.69	64.00	67.25	510.00	96.95	99.30	96.95	31.1%	1	189
385	2	42.9%	62.06	61.75	63.80	520.00	103.30	105.60	97.78	30.7%	780	1,173
1,114	1	42.8%	62.00	57.90	60.55	530.00	110.40	112.10	102.34	30.3%	7	39
1,059	35	42.6%	69.39	55.50	57.45	540.00	117.15	120.30	108.35	30.7%	2	177
3,788	30	42.5%	53.30	51.95	54.65	550.00	124.35	126.10	143.97	29.8%	2	395
3,478	5	42.7%	50.69	49.40	52.35	560.00	131.60	133.90	150.65	29.8%	2	426
267	1	42.4%	62.00	46.55	49.40	570.00	138.75	140.75	145.70	29.2%	2	196
315	1	42.3%	56.59	44.25	46.85	580.00	146.65	149.65	146.75	29.6%	1	40
119	1	42.1%	48.30	42.85	44.40	590.00	153.35	156.50	156.25	28.8%	3	366
2,829	20	42.2%	41.20	41.00	42.45	600.00	162.05	165.50	170.26	29.2%	1	282
305	11	42.0%	39.07	38.15	40.05	610.00	170.55	173.35	206.60	28.8%	2	220
1,022	1	42.1%	41.70	36.05	38.30	620.00	178.40	180.85	168.16	28.0%	2	45
564	1	42.1%	50.66	34.75	36.55	630.00	186.50	190.00	190.72	28.2%	2	15
382	1	41.9%	33.91	32.95	34.40	640.00	195.65	198.50	187.95	27.9%	1	248
452	1	42.1%	32.05	31.30	33.20	650.00	246.60	250.50	230.52	52.1%	2	3
1,514	11	42.2%	38.65	29.05	31.75	660.00	213.00	216.00	198.80	27.5%	5	73
2,340	1	41.8%	29.95	28.20	29.50	670.00	221.50	224.50	207.01	26.9%	22	356
5,589	226	41.7%	27.75	25.85	28.00	680.00	230.80	232.85	232.40	26.0%	4	48

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 January 21, 2028 expiration, the TSM put/call ratio based on open interest is 0.43 (29,314 puts vs 67,832 calls), and 2.19 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 January 21, 2028 is about 38.4%, 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.