Mixed options sentiment in Taiwan Semi with shares up 5.89%

Mixed options sentiment in Taiwan Semi (TSM), with shares up $18.63, or 5.89%, near $335.13. Options volume running well above average with 261k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 1.54. Implied volatility (IV30) dropped 1.7 near 48.72, in the highest 10% of observations over the past year, suggesting an expected daily move of $10.29. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Taiwan Semi (TSM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.