SMH Options Statistics & Positioning

SMH options trade at a 30-day at-the-money implied volatility of 39.5%, an IV rank of 17 out of 100 over the past year. The options market prices a ±$33.90 (±6.2%) move in SMH for the front expiration. Max pain sits at $560 and the put/call open interest ratio is 1.92. 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

$545.94

52-week range

$286.39 – $666.58

ATM IV (30d)

39.5%

IV rank

17 / 100

Low

Expected move

±$33.90 (±6.2%)

Put/call OI

1.92

Put-heavy

Max pain

$560

↑ 2.6% above close

Most Active SMH Contracts

Contract	Expiration	DTE	Last	IV	Volume
SMH $400 put	Aug 31, 2026	7d	$0.06	0.0%	17,004
SMH $530 put	Sep 18, 2026	25d	$13.90	—	7,459
SMH $590 call	Aug 28, 2026	4d	$0.60	—	3,394
SMH $600 call	Sep 18, 2026	25d	$4.20	—	3,201
SMH $510 put	Aug 26, 2026	2d	$0.30	500.0%	3,038

See all active SMH contracts →

Explore SMH Options Statistics

SMH Implied Volatility

39.5% ATM IV (30d)

An IV rank of 17 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

SMH Open Interest

1.92 put/call OI ratio

567,637 calls and 1,087,850 puts outstanding across all expirations.

Full open interest analysis →

SMH Max Pain

$560 max pain

2.6% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

SMH Gamma Exposure

-$2.59B net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

SMH Options Volume

192,435 contracts traded

Put/call volume ratio 1.53 — plus contracts running far above their usual volume.

Full volume & flow analysis →

SMH Most Active Options

$400 top volume strike

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

Full active contracts analysis →

Explore the payoff profile of option on SMH for free

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

Open SMH in the platform Scan options

SMH Options FAQ

How often is SMH options data on this page updated?

All SMH 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 SMH max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated SMH 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.