TSM Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete TSM options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around TSM.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

355

Exp: 2026-07-24

Gamma Flip

417.93

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.159

Shows put vs call positioning

IV Skew

-3.48

Put–call IV difference

Max Pain Price Volatility

σ = 53.42

high volatility

Confidence 61%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 83%

Current DPI is 0.175(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-08-21 options expiry. 90% confidence

The support levels for TSM are at 393.64, 383.54, and 326.72, while the resistance levels are at 410.96, 421.06, and 477.88. The pivot point, a key reference price for traders, is at 355.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.60% 1-day move.

The expected range for the next 4 days is 386.49 — 414.49 , corresponding to +3.03% / -3.93% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 418.73 (4.09% above spot).

Bearish positioning points to downside pressure toward 380.20 (5.49% below spot).

Options flow strength: 1.00 (0–1 scale). ATM Strike: 402.50, Call: 10.60, Put: 10.30, Straddle Cost: 20.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 423.26 , with intermediate positioning around 417.93 . The mid-term gamma flip remains near 418.57.