SM Energy Co (SM) Options Statistics & Positioning

SM Energy Co (SM) options trade at a 30-day at-the-money implied volatility of 52.6%, an IV rank of 3 out of 100 over the past year. The options market prices a ±$5.03 (±13.8%) move in SM for the front expiration. Max pain sits at $27.5 and the put/call open interest ratio is 0.33. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$36.56

52-week range

$17.67 – $37.59

ATM IV (30d)

52.6%

IV rank

3 / 100

Low

Expected move

±$5.03 (±13.8%)

Put/call OI

0.33

Call-heavy

Max pain

$27.5

↓ 24.8% below close

Next earnings

Nov 1, 2026

Most Active SM Contracts

Contract	Expiration	DTE	Last	IV	Volume
SM $50 call	Nov 20, 2026	88d	$0.50	53.7%	1,061
SM $35 call	Jan 15, 2027	144d	$5.40	56.5%	403
SM $40 call	Sep 18, 2026	25d	$0.72	52.5%	161
SM $35 call	Oct 16, 2026	53d	$3.70	53.9%	102
SM $35 put	Sep 18, 2026	25d	$1.28	49.1%	93

See all active SM contracts →

Explore SM Options Statistics

SM Implied Volatility

52.6% ATM IV (30d)

An IV rank of 3 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

SM Open Interest

0.33 put/call OI ratio

34,574 calls and 11,523 puts outstanding across all expirations.

Full open interest analysis →

SM Max Pain

$27.5 max pain

24.8% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

SM Gamma Exposure

$95.95M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

SM Options Volume

2,732 contracts traded

Put/call volume ratio 0.16 — plus contracts running far above their usual volume.

Full volume & flow analysis →

SM Most Active Options

$50 top volume strike

The 25 most actively traded SM contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

SM's next expected earnings date is Nov 1, 2026. Options currently price a ±$5.03 (±13.8%) move for the front expiration.

Explore the payoff profile of option on SM for free

Build multi-leg SM strategies, visualize payoffs, and scan the full US options universe with OptiView.

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SM Options FAQ

When is SM's next earnings date?

SM's next expected earnings date is Nov 1, 2026. Options currently price a ±$5.03 (±13.8%) move for the front expiration.

How often is SM options data on this page updated?

All SM statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see SM max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated SM pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.