Moderately bullish activity in Taiwan Semi with shares up 4.97%

Moderately bullish activity in Taiwan Semi (TSM), with shares up $12.47, or 4.97%, near $263.39. Options volume more than double the daily average with 115k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.94. Implied volatility (IV30) is higher by 2.3 points near 33.27,in the bottom quartile of the past year, suggesting an expected daily move of $5.52. Put-call skew flattened, suggesting a modestly bullish tone.