Options Skew Analytics
Sign in

Option chain

TSM option chain

Strikes around the forward, as they were quoted at the close

Data as of 10 November 2026 (end of day)

2026-11-13(3 days)ATM 54.86%±19.67skew +5.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
81,567$26.25$27.10—$370.0062.71%$1.23$1.35697334
2140$24.10$26.05—$372.5061.91%$1.50$1.65246114
251,364$22.10$23.25—$375.0061.01%$1.83$1.981,591427
51,289$19.90$20.50—$377.5060.01%$2.18$2.3931092
811,308$18.05$18.55—$380.0059.42%$2.68$2.879361,233
46444$16.10$16.95—$382.5058.85%$3.15$3.55430308
641,323$14.25$14.95—$385.0057.74%$3.80$4.10532367
71465$12.35$13.15—$387.5056.11%$4.20$4.95145777
297891$10.95$11.40—$390.0056.71%$5.35$5.851,393319
4121,129$9.35$9.85—$392.5055.88%$6.30$6.80114147
6831,330$7.85$8.40—$395.0055.09%$7.35$7.90582219
311200$6.60$7.1554.65%$397.50—$8.60$9.30271100
1,8062,419$5.70$6.0054.91%$400.00—$9.90$10.651,632581
906709$4.80$5.1055.22%$402.50—$11.25$12.202277
1,200901$3.75$4.2054.07%$405.00—$13.00$13.8028643
281946$3.20$3.3053.94%$407.50—$14.45$15.6526092
1,6262,211$2.52$2.6753.50%$410.00—$16.40$17.5064540
274334$1.94$2.1653.14%$412.50—$18.35$19.451607
1,1912,668$1.52$1.6952.88%$415.00—$20.35$21.5047227
244392$1.15$1.3152.48%$417.50—$22.30$23.75524
1,2524,044$0.89$0.9952.27%$420.00—$24.30$26.0564481

Forward $395.50. The 25-delta put carries +5.34 volatility points over the 25-delta call.

2026-11-20(10 days)ATM 48.82%±31.98skew +5.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
32617$29.65$30.25—$370.0052.66%$4.10$4.306,299426
402$27.55$29.00—$372.5052.48%$4.65$4.9034658
44638$25.85$26.95—$375.0051.89%$5.15$5.501,489798
04$24.10$25.10—$377.5051.30%$5.75$6.10633
552,432$22.15$23.25—$380.0051.22%$6.55$6.855,997479
22$20.50$21.35—$382.5050.75%$7.30$7.603898
9233$18.90$19.55—$385.0050.31%$8.10$8.45521340
6225$17.10$18.25—$387.5049.81%$8.95$9.358108
3553,556$15.65$16.40—$390.0049.42%$9.95$10.308,753520
129362$14.20$15.15—$392.5049.13%$10.95$11.45486176
170617$12.90$13.35—$395.0048.84%$12.10$12.60622102
72781$11.65$12.2048.81%$397.50—$13.25$13.85367238
7285,627$10.40$11.0048.40%$400.00—$14.55$15.257,169220
50296$9.40$9.8548.26%$402.50—$15.85$16.706705
206955$8.35$8.8047.92%$405.00—$17.40$18.051,83525
79482$7.40$7.8547.67%$407.50—$18.90$19.6557750
7613,283$6.55$6.9547.43%$410.00—$20.55$21.406,36661
12699$5.80$6.1547.31%$412.50—$22.10$23.052550
2821,860$5.10$5.3546.99%$415.00—$24.15$25.154013
65241$4.45$4.7046.82%$417.50—$25.70$26.702220
1,0533,728$3.85$4.1546.72%$420.00—$27.35$28.754,95629

Forward $395.78. The 25-delta put carries +5.07 volatility points over the 25-delta call.

2026-11-27(17 days)ATM 43.01%±36.77skew +4.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
020$37.25$38.85—$362.5047.45%$3.90$4.352810
1148$35.20$36.80—$365.0047.28%$4.45$4.80332131
—————$367.5046.92%$4.95$5.301218
158$31.35$33.15—$370.0046.20%$5.40$5.7526320
02$29.25$30.85—$372.5045.81%$5.85$6.4521
3126$27.80$28.55—$375.0045.86%$6.70$7.10411130
02$25.90$27.10—$377.5045.71%$7.35$7.95108
0141$23.90$24.95—$380.0044.87%$7.95$8.5535428
—————$382.5044.77%$8.85$9.4043
155$20.85$21.95—$385.0044.55%$9.75$10.3032229
23$19.20$19.95—$387.5044.06%$10.70$11.10019
4094$17.85$18.50—$390.0043.39%$11.50$12.0558760
64$16.30$17.15—$392.5043.88%$12.75$13.4575
85129$15.05$15.70—$395.0043.49%$13.90$14.5026224
413$13.70$14.3543.05%$397.50—$15.10$15.8046
128395$12.60$13.0542.85%$400.00—$16.35$16.8597690
48529$10.30$10.8542.30%$405.00—$19.10$19.9058618
79465$8.45$8.9042.01%$410.00—$22.10$23.0058742
43223$6.65$7.2041.37%$415.00—$25.30$26.602278
941,008$5.40$5.8541.43%$420.00—$28.50$30.601,59520
54275$4.20$4.6541.09%$425.00—$32.45$34.301443

Forward $396.18. The 25-delta put carries +4.37 volatility points over the 25-delta call.

2026-12-04(24 days)ATM 42.07%±42.78skew +4.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$53.80$55.40—$345.0048.84%$2.99$3.202028
01$49.40$50.75—$350.0047.98%$3.55$3.8515327
062$45.20$46.75—$355.0046.89%$4.15$4.5529950
1441$40.55$42.15—$360.0046.24%$5.00$5.4533954
051$36.85$38.20—$365.0045.63%$6.05$6.4513074
774$33.70$34.75—$370.0045.07%$7.25$7.65349313
1109$29.90$31.35—$375.0044.44%$8.60$9.003788
942$26.60$27.30—$380.0043.86%$10.10$10.602624
1440$23.30$24.05—$385.0043.40%$11.90$12.402263
1598$20.40$20.95—$390.0042.85%$13.80$14.4532735
27142$17.55$18.20—$395.0042.37%$16.05$16.652317
178530$15.10$15.6541.98%$400.00—$18.55$19.3028931
87215$12.85$13.3541.57%$405.00—$21.25$22.0029253
6010,645$10.80$11.3041.16%$410.00—$24.35$25.0533217
16130$9.10$9.5040.95%$415.00—$27.45$28.408912
24500$7.45$7.8540.43%$420.00—$30.95$31.603981
55197$6.10$6.5040.17%$425.00—$34.45$35.45579
55206$4.95$5.2539.79%$430.00—$37.80$39.356,0340
11118$3.95$4.2539.49%$435.00—$42.20$43.45780
421,359$3.15$3.4039.26%$440.00—$46.50$47.65571
8125$2.52$2.8239.39%$445.00—$50.65$52.45270

Forward $396.53. The 25-delta put carries +4.90 volatility points over the 25-delta call.

2026-12-11(31 days)ATM 41.00%±47.37skew +5.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$54.60$56.70—$345.0047.52%$4.10$4.352797
148$50.35$52.30—$350.0046.49%$4.65$5.108711
015$46.55$47.95—$355.0045.73%$5.45$5.9515215
169$42.10$44.15—$360.0045.31%$6.55$6.9514219
0164$38.60$40.20—$365.0044.48%$7.50$8.109314
235$35.10$36.45—$370.0043.94%$8.80$9.401214
236$31.60$32.50—$375.0043.69%$10.45$10.904546
430$28.15$29.35—$380.0043.12%$12.00$12.6020917
477$25.05$26.20—$385.0042.65%$13.85$14.45583
39328$22.15$22.75—$390.0042.25%$15.90$16.5520326
6735$19.40$20.45—$395.0041.97%$18.20$18.90545
52294$16.70$17.5540.93%$400.00—$20.25$21.4518315
2196$14.70$15.2540.87%$405.00—$23.35$24.15595
11247$12.70$13.2040.63%$410.00—$26.15$27.101123
6124$10.75$11.2540.11%$415.00—$29.40$30.30336
4284$9.15$9.6039.90%$420.00—$32.80$33.80920
15152$7.65$8.0539.47%$425.00—$36.25$37.55350
2189$6.40$6.7539.22%$430.00—$39.70$41.10160
35282$5.30$5.6539.01%$435.00—$43.65$45.20120
22140$4.40$4.7038.88%$440.00—$47.25$49.00180
2459$3.60$3.8538.65%$445.00—$51.50$53.50180

Forward $396.38. The 25-delta put carries +5.25 volatility points over the 25-delta call.

2026-12-18(38 days)ATM 40.79%±52.18skew +5.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11,295$96.55$99.50—$300.0053.75%$1.29$1.4211,299214
0526$86.95$90.00—$310.0051.92%$1.80$1.873,053561
0653$77.60$80.65—$320.0049.91%$2.34$2.5210,558356
0780$68.95$71.50—$330.0048.24%$3.10$3.455,294153
3733$60.30$61.45—$340.0047.11%$4.40$4.656,085374
11822$51.85$53.35—$350.0045.69%$5.90$6.209,612977
181,023$43.90$45.05—$360.0044.50%$7.90$8.2514,829908
13961$36.00$37.70—$370.0043.22%$10.30$10.857,008244
1081,268$29.80$30.70—$380.0042.23%$13.45$14.154,714289
7463,620$23.90$24.70—$390.0041.49%$17.55$18.104,332273
7733,462$18.85$19.3540.78%$400.00—$22.35$22.8515,196191
3643,959$14.35$14.8539.95%$410.00—$27.80$28.654,82494
3297,065$10.75$11.1539.35%$420.00—$34.30$34.957,49021
5784,615$7.85$8.2538.89%$430.00—$40.40$42.503,14155
13110,863$5.65$5.9538.51%$440.00—$48.80$50.002,5226
4127,981$4.00$4.2538.29%$450.00—$57.10$58.103,3272
2623,738$2.83$3.0538.34%$460.00—$65.80$68.101,5240
1532,664$1.97$2.1138.26%$470.00—$74.05$77.306050
753,692$1.37$1.4738.35%$480.00—$83.50$86.509642
803,874$0.98$1.1238.99%$490.00—$93.20$95.85960
6513,191$0.65$0.7538.88%$500.00—$103.05$106.252011

Forward $396.49. The 25-delta put carries +5.62 volatility points over the 25-delta call.

2026-12-24(44 days)ATM 39.96%±55.04skew +4.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$56.75$59.25—$345.0045.20%$5.70$6.101314
25$52.60$53.90—$350.0044.17%$6.35$6.9012136
03$48.45$50.25—$355.0043.57%$7.30$7.906014
011$44.65$46.45—$360.0042.99%$8.35$9.05256
07$40.85$42.75—$365.0042.80%$9.90$10.30123
343$37.80$38.95—$370.0042.29%$11.20$11.8022511
2103$34.35$35.35—$375.0041.79%$12.75$13.358118
017$30.45$32.10—$380.0041.38%$14.50$15.101221
614$28.00$29.20—$385.0041.04%$16.45$17.053228
4138$25.15$25.95—$390.0040.34%$18.30$19.053110
611$22.50$23.30—$395.0040.43%$20.85$21.552015
40129$20.00$20.7040.01%$400.00—$23.50$24.204837
2320$17.60$18.3539.58%$405.00—$25.90$26.8566
1337$15.65$16.5539.76%$410.00—$28.60$29.80513
016$13.50$14.2538.96%$415.00—$31.85$32.90150
4152$11.85$12.5038.83%$420.00—$34.85$36.00160
414$10.35$10.8038.58%$425.00—$37.65$39.55121
7017$8.95$9.4038.42%$430.00—$42.00$43.15320
1113$7.65$8.1038.16%$435.00—$44.75$46.9510
1545$6.60$7.1038.21%$440.00—$48.65$51.05120
643$5.60$5.9537.84%$445.00—————

Forward $396.71. The 25-delta put carries +4.59 volatility points over the 25-delta call.

2027-01-15(66 days)ATM 40.34%±68.23skew +4.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
115,244$99.50$102.15—$300.0049.38%$2.85$3.1012,242207
21,218$89.65$93.00—$310.0047.62%$3.55$3.853,754624
02,656$80.75$84.15—$320.0046.38%$4.55$4.957,824388
44,808$73.15$75.65—$330.0045.44%$6.00$6.305,521116
41,877$64.35$67.25—$340.0044.41%$7.65$8.005,63234
703,758$56.90$58.95—$350.0043.64%$9.80$10.1510,80334
1021,891$49.50$51.35—$360.0042.60%$12.10$12.707,67472
595,087$42.90$43.80—$370.0042.13%$15.40$15.805,99332
1416,559$36.85$37.55—$380.0041.26%$18.75$19.406,83749
4,0154,093$30.75$31.60—$390.0040.88%$23.10$23.702,520205
2995,499$25.80$26.3540.51%$400.00—$28.05$28.5519,885133
901,500$21.20$21.8540.01%$410.00—$32.95$33.9511,29839
1738,198$17.30$17.6539.41%$420.00—$38.80$40.1514,96060
785,023$13.90$14.3539.07%$430.00—$45.90$47.202,01115
1322,490$11.05$11.4538.69%$440.00—$52.65$54.302,20628
41517,358$8.75$8.9538.33%$450.00—$60.30$62.304,38610
1764,904$6.75$7.1038.10%$460.00—$67.50$70.051,3560
163,539$5.30$5.6538.14%$470.00—$76.20$79.405520
617,189$3.90$4.3537.72%$480.00—$85.10$88.401,1700
447,860$3.15$3.4037.98%$490.00—$94.35$97.353640
21423,980$2.44$2.5937.96%$500.00—$103.75$106.754220

Forward $397.76. The 25-delta put carries +4.27 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.