SM1 Implied Volatility
SM1 options trade at a 30-day at-the-money implied volatility of 577.3%, an IV rank of 100 out of 100 over the past year. This page breaks down SM1's implied volatility in plain English: where it sits versus its own history, how it compares with realized movement, and what the term structure and skew are saying.
Data as of Oct 8, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Implied Volatility & Expected Move
SM1 30-day at-the-money implied volatility, past year.
| ATM IV — front expiration | 577.3% |
| ATM IV — 3 month | 200.0% |
| IV rank (1 year) | 100 / 100 |
| IV percentile (1 year) | 89% |
| Expected move (front expiration) | ±80.0% |
| Term slope (front − 3M) | +377.4 pts |
An IV rank of 100 places current implied volatility near the top of its 52-week range. The term structure is in backwardation — front-month IV exceeds 3-month IV, a pattern often seen around near-term events.
SM1 IV Rank History
SM1 IV rank (0–100), past year.
IV rank is little changed from 100 in Sep '26 to 100 today. An IV percentile of 89% means implied volatility was lower than today on 89% of trading days in the past year.
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SM1 Options FAQ
What is the implied volatility of SM1 options?
SM1 options trade at a 30-day at-the-money implied volatility of 577.3% as of Oct 8, 2026. That is an IV rank of 100 out of 100, meaning implied volatility is elevated relative to its own 52-week range.
Is SM1 implied volatility high or low right now?
By its own 52-week standards, SM1 implied volatility is currently high: IV rank is 100 out of 100 as of Oct 8, 2026.
What move do SM1 options imply before the next expiration?
Front-expiration SM1 options imply a one-standard-deviation move of ±80.0% as of Oct 8, 2026, derived from at-the-money option prices.
What is the difference between SM1's IV rank and IV percentile?
IV rank (currently 100) measures where today's implied volatility sits between its 52-week low and high. IV percentile (currently 89%) counts the share of trading days in the past year with lower implied volatility than today. Percentile is less distorted by one-off volatility spikes.
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.