Mixed options sentiment in Taiwan Semi with shares up 0.9%

Mixed options sentiment in Taiwan Semi (TSM), with shares up $2.65, or 0.9%, near $296.70. Options volume relatively light with 69k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.8. Implied volatility (IV30) dropped 1.46 near 37.91,and below the 52wk median, suggesting an expected daily move of $7.09. Put-call skew steepened, indicating increased demand for downside protection.