TSM Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $458.98 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.03

928k P / 898k C

Put/Call (Volume)

0.78

37k P / 48k C that session

30d ATM IV

31%

annualized implied move

Call wall

$500

82k contracts

Put wall

$400

72k contracts

Tail hedging

2.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $500 (82k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $400 (72k contracts), 13% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.3× deep-OTM call OI — an institutional hedging ladder sits under this stock.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	39k	39k	1.00	20k
2026-10-09	17k	25k	1.48	16k
2026-10-16	88k	130k	1.48	9k
2026-10-23	13k	12k	0.95	3k
2026-10-30	5k	9k	1.62	1k
2026-11-06	14k	2k	0.17	2k
2026-11-13	0	0	—	266
2026-11-20	70k	88k	1.25	9k
2026-12-18	147k	180k	1.22	3k
2027-01-15	213k	169k	0.79	5k
2027-02-19	22k	31k	1.45	476
2027-03-19	30k	56k	1.87	5k
2027-04-16	5k	15k	3.00	1k
2027-06-17	72k	63k	0.88	6k
2027-09-17	19k	32k	1.71	559
2027-12-17	35k	22k	0.63	730
2028-01-21	67k	28k	0.42	409
2028-06-16	3k	9k	2.52	22
2028-12-15	37k	17k	0.47	243
2029-01-19	2k	813	0.54	46

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.