The options market is pricing a — move for TSM's 2027-01-21 · after close report. Over its last 8 reports, TSM has actually moved ±2.3% on average (biggest: ±4.4%). That's a 0.59× realized-vs-implied ratio, so the options look overpriced — TSM has historically moved less than what's priced, which favors selling premium (iron condor / credit spreads) if you have an edge. It has exceeded the implied move in 13% of those prints, beaten EPS estimates 100% of the time (8 quarters), and the 1-day reaction has been negative 38% of the time (avg -0.3%).
Longer run: across all 20 reports on record (since 2019-11-08), the options overpriced TSM's move 60% of the time — more often than the 57% market-wide average. Median actual move was 0.79× the implied (mean implied ±3.6%, mean actual ±3.5%), so on this longer sample the options screen rich. See how that compares across 2,422 prints →
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-10-15 | 4.45 | 4.60 | beat | ±3.2% | -1.8% | +0.4% |
| 2026-07-16 | 3.87 | 4.31 | beat | ±3.5% | -2.3% | +0.4% |
| 2026-04-16 | 3.31 | 3.49 | beat | ±4% | -3.1% | +3.3% |
| 2026-01-15 | 2.82 | 3.14 | beat | ±3.5% | +4.4% | -0.3% |
| 2025-10-16 | 2.59 | 2.92 | beat | ±4.3% | -1.6% | -5.2% |
| 2025-07-17 | 2.37 | 2.47 | beat | ±3.7% | +3.4% | +1.2% |
| 2025-04-17 | 2.03 | 2.12 | beat | ±4.7% | +0% | +4% |
| 2025-01-16 | 2.16 | 2.24 | beat | — | -1.5% | +4.6% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
TSM is scheduled to report on 2027-01-21, after the close. Dates can shift until the company confirms.
The expected move is the size of the post-earnings swing the options market is pricing in (from the ATM straddle). We show TSM's live.
Over its last 8 reports, TSM has beaten EPS estimates 100% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, TSM moved ±2.3% on average versus a ±3.8% implied move — a 0.59× ratio, so the options have been rich (it moves less than priced). It exceeded the implied move 13% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See TSM's positioning too: TSM gamma exposure → · TSM options flow →
Posting the link is enough — X, Discord and Slack render the live data card automatically.
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
