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Traders are making more bearish bets on TSMC stock.
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Taiwan Semiconductor shares recently tumbled 13% in just over a week following cautious industry growth guidance.
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Put-option volume on the stock is the highest in three months even after the sharp decline, Bloomberg data shows.
Investors are betting that Taiwan Semiconductor Manufacturing Co. stock could have even more room to fall after suffering a double-digit drop.
TSMC stock has fallen over 13% since April 11, a sell-off that’s wiped out more than $100 billion in market value. The most recent leg down for the shares started during the company’s first-quarter earnings call, where it trimmed its growth forecast for the microchip industry.
Put options, which are bearish bets on the stock, surged to their highest level in three months on Friday, according to Bloomberg data, suggesting more investors are…
