Option traders moderately bearish in Taiwan Semi (TSM), with shares down $4.03 near $222.46. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.87. Implied volatility (IV30) is higher by 0.9 points near 37.44,and below the 52wk median, suggesting an expected daily move of $5.25. Put-call skew steepened, indicating increased demand for downside protection.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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- Mixed options sentiment in Taiwan Semi with shares up 0.77%