# Strike Pegger for TSM

> Max Pain© chart for TSM: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 9, 2026 (end of day).

Max Pain© analysis: the peg is the strike where call and put writers' aggregate liability is minimized; the target price (bias) is where call and put liability converge.

## TSM quote

| Field | Value |
|---|---|
| Last | 388.62 |
| Change | +13.18 |
| Open | 382.50 |
| Previous | 375.44 |
| High | 394.39 |
| Low | 380.33 |
| Bid | - |
| Ask | - |
| Volume | 15,536,230 |
| Trades | - |
| Dividend | 0.93 |
| Yield | 2.53% |
| Ex-Div | Jun 26, 2017 |
| Split Date | - |
| Impl Vol | 48.1% |
| Hist Vol | 40.6% |
| Opt Volume | 122,409 |
| Open Int | 1,931,616 |

Expiration: Nov 13, 2026.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-02-19, 2027-03-19, 2027-04-16, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2028-06-16, 2028-12-15, 2029-01-19.

Change the view with query parameters: `expiration` (YYYY-MM-DD, the daily history and the by-strike profile), `date` (an earlier session). Example: `/quotes/strike-pegger/TSM.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 9, 2026 | 380.00 | 388.62 | 384.51 | 35,275 | 28,065 |
| Nov 6, 2026 | 385.00 | 375.44 | 386.05 | 25,405 | 21,018 |
| Nov 5, 2026 | 415.00 | 353.10 | 413.73 | 19,063 | 17,638 |
| Nov 4, 2026 | 420.00 | 395.75 | 420.81 | 16,745 | 16,258 |
| Nov 3, 2026 | 425.00 | 404.80 | 425.26 | 15,472 | 15,617 |
| Nov 2, 2026 | 430.00 | 398.63 | 428.16 | 14,197 | 14,142 |
| Oct 30, 2026 | 430.00 | 406.13 | 432.87 | 11,589 | 13,283 |
| Oct 29, 2026 | 430.00 | 431.81 | 433.01 | 11,609 | 12,727 |
| Oct 28, 2026 | 435.00 | 439.51 | 433.14 | 11,047 | 11,673 |
| Oct 27, 2026 | 430.00 | 436.87 | 433.00 | 10,255 | 11,252 |
| Oct 26, 2026 | 430.00 | 424.37 | 432.87 | 10,117 | 10,725 |
| Oct 23, 2026 | 435.00 | 418.51 | 433.49 | 8,786 | 9,986 |

## Open Interest by Strike

**Strike Peg is 380.00, Bias: 384.51** (expiration Nov 13, 2026) — 2.2% below the last price of 388.62; open interest 35.28K calls / 28.07K puts (put/call 0.80).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 31 of 109 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 350.00 | 32 | 483 | 489,420 |
| 352.50 | 22 | 196 | 458,753 |
| 355.00 | 40 | 823 | 428,630 |
| 357.50 | 27 | 91 | 400,665 |
| 360.00 | 193 | 831 | 372,995 |
| 362.50 | 264 | 330 | 347,885 |
| 365.00 | 75 | 341 | 324,260 |
| 367.50 | 938 | 307 | 301,675 |
| 370.00 | 1,621 | 565 | 282,203 |
| 372.50 | 139 | 196 | 268,195 |
| 375.00 | 1,333 | 1,197 | 255,025 |
| 377.50 | 1,314 | 303 | 248,180 |
| 380.00 | 1,253 | 716 | 245,378 |
| 382.50 | 459 | 396 | 247,498 |
| 385.00 | 1,335 | 495 | 251,755 |
| 387.50 | 467 | 118 | 260,588 |
| 390.00 | 683 | 707 | 270,883 |
| 392.50 | 1,099 | 104 | 284,653 |
| 395.00 | 1,129 | 588 | 301,430 |
| 397.50 | 138 | 274 | 322,500 |
| 400.00 | 1,511 | 1,147 | 344,600 |
| 402.50 | 618 | 232 | 373,345 |
| 405.00 | 741 | 310 | 404,215 |
| 407.50 | 253 | 252 | 437,713 |
| 410.00 | 1,796 | 652 | 472,473 |
| 412.50 | 315 | 160 | 513,353 |
| 415.00 | 1,740 | 375 | 555,420 |
| 417.50 | 207 | 55 | 602,775 |
| 420.00 | 877 | 638 | 650,785 |
| 422.50 | 342 | 41 | 702,583 |
| 425.00 | 826 | 354 | 755,338 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 380.00 | 388.62 | 384.51 | 35,275 | 28,065 |
| Nov 20, 2026 | 407.50 | 388.62 | 400.55 | 105,139 | 116,721 |
| Nov 21, 2026 | 407.50 | 388.62 | 400.55 | 105,139 | 116,721 |
| Nov 27, 2026 | 440.00 | 388.62 | 426.24 | 12,208 | 19,405 |
| Dec 19, 2026 | 410.00 | 388.62 | 380.93 | 140,422 | 186,154 |
| Jan 16, 2027 | 400.00 | 388.62 | 357.19 | 259,444 | 212,034 |
| Feb 20, 2027 | 410.00 | 388.62 | 401.36 | 56,102 | 47,177 |
| Mar 20, 2027 | 420.00 | 388.62 | 408.93 | 50,788 | 70,762 |
| Apr 17, 2027 | 420.00 | 388.62 | 425.58 | 12,412 | 28,554 |
| Jun 19, 2027 | 430.00 | 388.62 | 409.89 | 95,030 | 83,148 |
| Sep 18, 2027 | 480.00 | 388.62 | 460.73 | 26,236 | 46,660 |
| Jan 22, 2028 | 350.00 | 388.62 | 355.26 | 79,275 | 35,209 |
| Jan 20, 2029 | 400.00 | 388.62 | 403.39 | 8,132 | 3,850 |

Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.

## More for TSM

- [Quote](https://www.optionistics.com/quotes/stock-quotes/TSM.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/TSM.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/TSM.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=TSM)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/TSM.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/TSM.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/TSM.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/TSM.md)

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