SMH Most Active Options
The 21 most actively traded SMH option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Most Active SMH Contracts
| Contract | Expiration | DTE | Last | IV | IV rank (30d) | Delta | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|---|---|---|
| SMH $400 put | Aug 31, 2026 | 7d | $0.06 | 0.0% | 0 | 1.00 | 12 | 17,004 | 50.5× avg |
| SMH $530 put | Sep 18, 2026 | 25d | $13.90 | — | 11 | — | 3,223 | 7,459 | 32.5× avg |
| SMH $590 call | Aug 28, 2026 | 4d | $0.60 | — | 22 | — | 1,371 | 3,394 | 24.5× avg |
| SMH $600 call | Sep 18, 2026 | 25d | $4.20 | — | 7 | — | 17,105 | 3,201 | 25.6× avg |
| SMH $510 put | Aug 26, 2026 | 2d | $0.30 | 500.0% | 100 | 0.00 | 55 | 3,038 | 8.5× avg |
| SMH $560 call | Aug 28, 2026 | 4d | $5.80 | 45.8% | 67 | 0.31 | 364 | 2,660 | 18.1× avg |
| SMH $500 put | Oct 16, 2026 | 53d | $13.10 | 0.0% | 0 | 1.00 | 8,624 | 2,639 | 15.5× avg |
| SMH $550 call | Sep 18, 2026 | 25d | $19.50 | — | 5 | — | 3,828 | 2,557 | 43.6× avg |
| SMH $500 put | Sep 18, 2026 | 25d | $6.10 | — | 18 | — | 19,841 | 2,343 | 10.2× avg |
| SMH $540 put | Sep 18, 2026 | 25d | $18.00 | — | 14 | — | 3,752 | 2,057 | 8.0× avg |
| SMH $535 put | Aug 28, 2026 | 4d | $5.89 | — | 18 | — | 2,324 | 1,994 | 7.7× avg |
| SMH $610 call | Sep 4, 2026 | 11d | $0.82 | — | 10 | — | 248 | 1,769 | 14.1× avg |
| SMH $565 call | Sep 18, 2026 | 25d | $14.19 | 0.0% | 0 | 1.00 | 2,885 | 1,721 | 15.7× avg |
| SMH $570 put | Sep 18, 2026 | 25d | $33.86 | — | 13 | — | 3,578 | 1,702 | 25.0× avg |
| SMH $525 put | Sep 18, 2026 | 25d | $11.80 | — | 11 | — | 5,052 | 1,690 | 7.4× avg |
| SMH $600 call | Aug 28, 2026 | 4d | $0.29 | 47.0% | 44 | 0.03 | 4,434 | 1,673 | 26.3× avg |
| SMH $520 put | Aug 26, 2026 | 2d | $0.55 | 0.0% | 0 | 1.00 | 505 | 1,535 | 4.3× avg |
| SMH $580 call | Aug 28, 2026 | 4d | $1.29 | — | 22 | — | 1,631 | 1,521 | 11.0× avg |
| SMH $600 call | Jun 17, 2027 | 297d | $64.49 | — | 22 | — | 449 | 1,512 | 124.8× avg |
| SMH $510 put | Aug 27, 2026 | 3d | $0.61 | 47.6% | 10 | -0.05 | 1 | 1,503 | 4.2× avg |
| SMH $542.5 put | Aug 26, 2026 | 2d | $5.20 | 500.0% | 100 | 0.00 | 422 | 1,374 | 1.6× avg |
Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.
The most active SMH contract today is the $400 put expiring in 7 days, with 17,004 contracts traded. Puts dominate the most-active list (12 of the top 21), showing where trading interest concentrates. 20 of these contracts are running well ahead of the usual daily volume.
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.
SMH Options FAQ
Which SMH option contract is most active today?
The most traded SMH contract is the $400 put expiring Aug 31, 2026, with 17,004 contracts traded as of Aug 24, 2026.
How does OptiView rank the most active SMH options?
The table lists the 21 SMH contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.
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.