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Mixed options sentiment in Taiwan Semi (TSM), with shares up $10.45 (+5.92%) near $186.97.

Options volume is roughly in line with average, with 178k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.81. Implied volatility (IV30) dropped 2.24 to 34.67,in the bottom quartile, suggesting an expected daily move of $4.08. Put-call skew flattened, suggesting a modestly bullish tone.

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