TSM Implied Volatility
TSM $427.00 · Updated Oct 26, 4:00 PM ET
TSM at-the-money implied volatility is 42.6% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 33.5%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 427.5 | 42.6% |
| Nov 6, 2026 | 11 | 427.5 | 37.3% |
| Nov 13, 2026 | 18 | 425 | 35.9% |
| Nov 20, 2026 | 25 | 427.5 | 35.6% |
| Nov 27, 2026 | 32 | 425 | 33.5% |
| Dec 4, 2026 | 39 | 425 | 33.9% |
| Dec 18, 2026 | 53 | 430 | 34.5% |
| Jan 15, 2027 | 81 | 430 | 35.4% |
| Feb 19, 2027 | 116 | 430 | 35.3% |
| Mar 19, 2027 | 144 | 430 | 35.6% |
| Apr 16, 2027 | 172 | 430 | 36.3% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 407.5 | 47.0% | 45.4% |
| 410 | 44.9% | 44.7% |
| 412.5 | 44.4% | 44.5% |
| 415 | 44.0% | 44.1% |
| 417.5 | 43.8% | 43.8% |
| 420 | 43.4% | 42.7% |
| 422.5 | 43.0% | 42.9% |
| 425 | 42.8% | 42.4% |
| 427.5 | 42.6% | 42.5% |
| 430 | 42.2% | 41.9% |
| 432.5 | 42.1% | 41.7% |
| 435 | 42.1% | 41.9% |
| 437.5 | 41.8% | 41.6% |
| 440 | 41.5% | 41.1% |
| 442.5 | 41.3% | 40.0% |
| 445 | 41.1% | 36.9% |
| 447.5 | 40.9% | 37.3% |
How this is calculated: Implied Volatility methodology