Mixed options sentiment in Taiwan Semi with shares up 1.29%

Mixed options sentiment in Taiwan Semi (TSM), with shares up $3.63, or 1.29%, near $285.83. Options volume roughly in line with average with 71k contracts traded and puts leading calls for a put/call ratio of 1.08, compared to a typical level near 0.8. Implied volatility (IV30) dropped 1.12 near 38.55,and above the 52wk median, suggesting an expected daily move of $6.94. Put-call skew steepened, indicating increased demand for downside protection.