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 15, 2028
Days to expiration: 796
Share price: $453.31
Put/call ratio (OI): 0.47
Put/call ratio (volume): 0.95
ATM implied volatility: 39.5%
Expected move: ±$264.32
Open interest (C / P): 37.44K / 17.56K

TSM options summary

The TSM options chain for the December 15, 2028 expiration lists 57 call and 57 put contracts, with 796 days until expiration. Open interest stands at 37,435 calls and 17,562 puts, a put/call ratio of 0.47, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $450.00 strike is 39.5%, which implies the market expects a move of about ±$264.32 (58.3%) in Taiwan Semiconductor Manufacturing stock by expiration.

The most open interest sits at the $350.00 call (12.33K contracts) and the $250.00 put (2.08K contracts).

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

TSM options chain · December 15, 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
230	2	64.6%	314.44	307.50	312.50	160.00	3.40	3.70	3.65	43.5%	2	1,377
44	1	64.1%	311.41	303.50	308.50	165.00	3.40	4.15	3.90	43.4%	1	466
66	8	63.3%	321.95	299.50	303.95	170.00	3.65	4.85	4.80	43.7%	1	64
38	1	62.9%	303.00	295.50	300.00	175.00	4.00	4.90	4.60	42.6%	1	39
50	1	—	228.90	267.00	271.50	180.00	4.45	5.50	5.06	42.6%	1	40
52	1	61.2%	280.00	287.00	291.35	185.00	4.85	5.75	5.75	42.0%	5	376
90	1	60.8%	255.41	283.00	287.50	190.00	5.25	6.40	5.54	41.9%	6	652
70	5	60.2%	242.70	279.00	283.40	195.00	5.75	6.90	6.43	41.6%	17	87
155	6	59.9%	279.00	275.00	279.80	200.00	6.15	7.00	6.45	40.7%	1	497
295	2	58.6%	301.04	267.00	271.50	210.00	7.40	8.15	7.55	40.2%	3	270
56	1	57.7%	292.50	259.00	264.00	220.00	8.10	9.85	9.00	40.2%	1	178
186	2	56.9%	287.66	251.50	256.50	230.00	9.00	10.50	11.15	38.9%	10	164
73	1	55.9%	233.91	244.00	248.50	240.00	10.55	11.95	12.70	38.4%	1	319
444	1	55.1%	239.41	236.50	241.00	250.00	13.10	14.40	13.23	38.7%	4	2,080
40	1	54.4%	252.00	229.00	234.00	260.00	14.65	15.25	14.30	37.4%	2	232
26	2	53.7%	254.47	222.00	227.00	270.00	16.15	17.70	16.00	37.4%	2	228
136	2	53.1%	246.95	215.00	220.00	280.00	17.50	19.55	19.10	36.8%	3	376
39	1	52.4%	209.08	208.00	213.00	290.00	20.55	21.45	20.95	36.2%	1	104
1,321	1	51.8%	204.20	201.50	206.40	300.00	22.80	24.10	24.20	36.0%	1	663
138	1	51.2%	204.05	195.00	199.50	310.00	25.35	26.50	26.50	35.6%	2	245
152	1	50.7%	209.90	188.50	193.30	320.00	27.30	29.75	29.55	35.5%	1	193
184	2	50.3%	203.30	182.50	187.00	330.00	30.10	33.10	31.50	35.4%	4	154
447	2	51.0%	193.25	176.00	181.00	340.00	33.35	35.45	34.50	34.7%	50	374
12,332	1	50.6%	173.28	170.50	175.45	350.00	36.60	39.60	38.10	34.8%	7	1,175
404	2	50.0%	171.50	164.50	169.30	360.00	40.75	42.20	38.80	34.0%	2	502
390	1	49.4%	164.75	159.00	163.20	370.00	43.75	46.20	46.00	33.9%	2	606
341	21	49.1%	173.91	154.00	158.00	380.00	48.05	50.70	49.40	33.9%	1	482
345	1	48.7%	161.20	148.50	152.60	390.00	52.05	53.80	50.10	33.2%	1	227
4,461	2	48.6%	145.30	143.65	148.05	400.00	56.35	58.25	57.64	33.1%	6	595
1,750	1	48.2%	141.55	138.70	143.00	410.00	60.70	63.10	55.42	33.0%	2	392
907	2	48.0%	135.50	134.00	138.40	420.00	64.45	68.00	61.52	32.8%	10	356
339	3	47.8%	131.00	129.65	133.90	430.00	69.90	72.75	66.55	32.6%	200	630
372	61	47.4%	126.80	125.00	129.00	440.00	75.05	77.20	68.00	32.1%	1	160
301	27	47.1%	122.68	121.45	124.75	450.00	80.00	82.25	82.00	31.8%	2	338
TSM $453.31
248	63	47.0%	118.93	117.00	120.75	460.00	84.80	87.75	88.01	31.6%	2	209
149	5	46.7%	114.70	113.00	116.40	470.00	90.00	93.25	92.40	31.4%	1	933
369	17	46.7%	112.03	109.00	113.00	480.00	95.85	99.65	88.20	31.4%	2	89
66	6	46.5%	110.87	105.00	109.15	490.00	101.60	105.05	103.00	31.0%	4	79
1,566	3	46.4%	102.93	101.50	105.70	500.00	107.50	111.50	109.65	31.0%	50	402
561	8	46.2%	122.61	98.20	102.30	510.00	114.25	117.30	118.65	30.6%	5	43
508	1	46.0%	109.00	95.05	98.65	520.00	119.80	123.45	109.82	30.3%	1	44
178	3	45.9%	94.76	92.70	95.50	530.00	126.60	129.90	146.37	30.1%	8	100
193	2	45.6%	93.13	88.90	91.90	540.00	132.50	136.85	127.86	30.0%	19	159
527	1	45.5%	89.20	85.50	88.95	550.00	139.50	143.30	165.58	29.6%	2	66
542	3	45.4%	85.00	83.35	86.10	560.00	146.00	150.50	140.73	29.5%	2	120
300	1	45.6%	81.86	80.00	84.00	570.00	154.05	157.50	162.17	29.2%	18	43
65	2	45.4%	79.40	77.00	80.95	580.00	160.80	164.45	169.51	28.9%	2	101
368	11	45.2%	76.38	75.10	78.25	590.00	168.60	171.90	177.50	28.7%	2	38
1,033	235	45.1%	74.05	72.60	75.65	600.00	175.00	179.00	169.91	28.3%	10	70
178	10	44.8%	73.07	70.90	72.70	610.00	183.50	186.50	171.90	28.1%	5	62
426	5	44.8%	69.95	68.00	70.45	620.00	190.15	194.45	213.27	27.9%	12	38
204	20	45.0%	73.90	65.55	68.80	630.00	198.80	202.00	182.50	27.5%	30	45
187	10	45.0%	73.21	63.00	66.85	640.00	206.90	210.00	209.28	27.3%	2	18
220	4	44.7%	66.20	61.65	64.25	650.00	214.80	217.95	204.98	27.0%	20	71
394	10	44.7%	72.22	59.70	62.25	660.00	222.00	226.00	212.34	26.7%	5	41
2,081	53	44.5%	58.70	57.65	59.95	670.00	230.85	234.00	220.36	26.3%	51	43
798	1	44.5%	56.60	56.10	58.30	680.00	239.40	242.50	241.85	26.1%	4	107

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 15, 2028 expiration, the TSM put/call ratio based on open interest is 0.47 (17,562 puts vs 37,435 calls), and 0.95 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 15, 2028 is about 39.5%, 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.