TSM · Cash-Secured-Puts

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$472.20
Modelled strike
$445.00
Modelled premium
$1.84
Cash required
$44,500.00
Breakeven
$443.16
Downside buffer
6.2%
Period return
0.4%
Annualized return
20.8%
Days to expiration
8
Strategy payoffModelled cash-secured put payoff. Spot $472.20. Expiry maximum profit $184.00 · Expiry maximum loss -$44,316.00 · Expiry breakevens $443.16. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$236.10Expiration P/L -$20,706.00Update time unavailable
Event / reference markers
  • Spot: $472.20
  • Expiry breakeven $443.16: $443.16
  • sell put strike $445.00: $445.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$20,706.00Update time unavailable
-$20,233.80Update time unavailable
-$19,761.60Update time unavailable
-$19,289.40Update time unavailable
-$18,817.20Update time unavailable
-$18,345.00Update time unavailable
-$17,872.80Update time unavailable
-$17,400.60Update time unavailable
-$16,928.40Update time unavailable
-$16,456.20Update time unavailable
-$15,984.00Update time unavailable
-$15,511.80Update time unavailable
-$15,039.60Update time unavailable
-$14,567.40Update time unavailable
-$14,095.20Update time unavailable
-$13,623.00Update time unavailable
-$13,150.80Update time unavailable
-$12,678.60Update time unavailable
-$12,206.40Update time unavailable
-$11,734.20Update time unavailable
-$11,262.00Update time unavailable
-$10,789.80Update time unavailable
-$10,317.60Update time unavailable
-$9,845.40Update time unavailable
-$9,373.20Update time unavailable
-$8,901.00Update time unavailable
-$8,428.80Update time unavailable
-$7,956.60Update time unavailable
-$7,484.40Update time unavailable
-$7,012.20Update time unavailable
-$6,540.00Update time unavailable
-$6,067.80Update time unavailable
-$5,595.60Update time unavailable
-$5,123.40Update time unavailable
-$4,651.20Update time unavailable
-$4,179.00Update time unavailable
-$3,706.80Update time unavailable
-$3,234.60Update time unavailable
-$2,762.40Update time unavailable
-$2,290.20Update time unavailable
-$1,818.00Update time unavailable
-$1,345.80Update time unavailable
-$873.60Update time unavailable
-$401.40Update time unavailable
-$0.00Update time unavailable
$70.80Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Spot referenceUpdate time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable
$184.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $443.16 per share after premium; the shares can keep falling.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 7, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Cash-secured puts | Options Whale