Some institutional investors bought a large volume of Taiwan Semiconductor (TSM) call options expiring in almost 9 months. The strike price is higher (i.e., out of the money), showing they are bullish on TSM American Depositary Receipts (ADRs).
TSM is at $447.04 in midday trading on Wednesday, Sept. 23. This is up from a recent trough of $413.75 in mid-month (Sept. 15), but still below a 3-month peak of $477.57 on June 30.