Implied volatility
An annualized volatility estimate derived from option prices. Higher IV means the market is pricing a wider distribution of outcomes; it is not a directional forecast.
NYSE · stock · structured options research
TSM Options: IV Rank, Expected Move & Put/Call Ratio
As of Jul 17, 2026, 2:38 AM UTC: TSM $409.74 · 30-day implied volatility 57.19% · IV percentile 92.64% · Expected move ±10.99% · Reference expiry 2026-07-31
Source: HPSILab iv_batch API
- Underlying price
- $409.74
- IV percentile
- 92.64%
- Expected move
- ±10.99% · $45.05
- Put/call ratio
- 0.82
TSM options market snapshot
Values appear only after a verified API snapshot is supplied; stale or invented market figures are never substituted.
- ATM implied volatility
- 57.19%
- 30-day implied volatility
- 57.19%
- 30-day historical volatility
- 57.46%
- IV minus HV spread
- -0.27 pts
- IV rank
- 76.59%
- Skew regime
- BEARISH_SKEW
- 25-delta risk reversal
- -16.2 pts
- Squeeze score
- -13.69
- Term structure
- backwardation
- Reference expiry
- 2026-07-31
Volatility interpretation: Term structure inverted — binary event risk elevated, check catalyst calendar
What researchers should watch for TSM
Use option-implied risk to study foundry utilization, leading-edge capacity and geopolitical event exposure.
- monthly revenue catalystsMonitor monthly revenue catalysts across matching expirations and compare the pattern with NVDA and AMD; the signal alone does not identify trade direction or intent.
- geopolitical skewMonitor geopolitical skew across matching expirations and compare the pattern with NVDA and AMD; the signal alone does not identify trade direction or intent.
- advanced-node demandMonitor advanced-node demand across matching expirations and compare the pattern with NVDA and AMD; the signal alone does not identify trade direction or intent.
Definitions and methodology
IV versus HV
IV reflects option-implied future variability, while HV measures realized historical movement. Their spread indicates the premium priced over recent experience.
Risk reversal
The 25-delta risk reversal compares call and put implied volatility. It summarizes skew but cannot identify whether contracts were bought, sold, opened or closed.
Term structure
Near- and far-month volatility indicate how event risk is distributed across expirations. Calendar comparisons should use consistent strikes and methods.
Compare related options research
Frequently asked questions
What does TSM implied volatility measure?
It reflects the options market's annualized expectation of future price variability. It measures magnitude, not bullish or bearish direction.
Is the expected move a price target?
No. It is an implied range estimate for a defined horizon, not a forecast or guarantee.
Can this page be used as investment advice?
No. This research is educational and informational. Options can expire worthless and some strategies can lose more than the premium.
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