Shares of Taiwan Semiconductor are down .16 today to 19.26.? TSM is near the top of the 52 week range.
Today paper traded 15000 TSM Jul 17.5/20 puts spreads for 1.225.? ADV is 3658.? The OI is 16038 and 87 contracts.
The paper went up in 4 big blocks.? There appears to be rolling paper on the 17.5 to the 20 strike in July which would make this a protected put strategy.? The roll up to the 20 strike is aggressively protecting a stock position.? Check the OI just to make sure.
30-day implied volatility is 24%. ? 10-day implied volatility is 22%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Taiwan Semiconductor Manufacturing Co., Ltd. is principally engaged in the research, development, manufacture and distribution of integrated circuit (IC) related products.?