Shares of Taiwan Semiconductor Manufacturing (TSM) were trading down 0.10 today to $16.86. TSM traded as high as $16.99 today and is trading close to the 52 week high.
Mid-morning paper bought TSM Dec 17.5 calls for .05 lifting the offer at the time on multiple exchanges suggesting a lack of liquidity to fill the order.? A block of 5422 of the Dec 17.5 calls went up with 8569 contracts traded on the day.? Volatility is up 191% on the TSM Dec 17.5?s to 32%.? Open Interest of 5872 contracts indicates this could be closing paper. The IV increase makes the extra call buying opening paper.
30-day implied volatility is 23%.?? 10-day implied volatility is 18%.? 30-day implied volatility is trading well over the 10 day historical volatility.?
Taiwan Semiconductor Manufacturing Co., Ltd. develops and manufactures integrated circuit products.