Moderately bullish activity in Taiwan Semi (TSM), with shares up $4.67, or 1.71%, near $277.90. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.9. Implied volatility (IV30) is higher by 0.4 points near 39.54,and above the 52wk median, suggesting an expected daily move of $6.92. 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.
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