Option traders moderately bearish in Taiwan Semi with shares down 1.91%

Option traders moderately bearish in Taiwan Semi (TSM), with shares down $5.62 near $288.89. Options volume relatively light with 134k contracts traded and puts leading calls for a put/call ratio of 1.06, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 0.2 points near 40.71,and above the 52wk median, suggesting an expected daily move of $7.41. Put-call skew flattened, suggesting a modestly bullish tone.