Simplify Analytics
SMH

SMH

$573.00 unadjusted close, 2026-09-18
as of 2026-09-18
AAPLAMDAMZNAVGOCATCRSRCRWDDEDELLDIAGOOGINTCIWMLMTMETAMRVLMSFTMUNVDAORCLPANWPLTRQQQSMHSNDKSOXXSPCXSPYSTXWDCXLEXLFXLIXLKXLPXLUXLVXLYXOM

Implied volatility · 30-day constant maturity

level
31.3%
IV percentile
10.6%
own all (<3y) · n=241
IV rank
14.7%
own all (<1y) · n=241
range
26.5% – 59.1%
own all (<1y) · n=241
low 26.5%241 sessions, all (<1y) · today 31.3%high 59.1%

Term structure · constant maturity

30 consecutive sessions in contango (the normal upward slope).

25 calendar days out: every tenor of 5d or longer spans it Wed 09-23 09:45 ET · US Flash Manufacturing PMI (September) Wed 09-23 09:45 ET · US Flash Services PMI (September)46 calendar days out: every tenor of 6d or longer spans it Thu 09-24 08:00 ET · Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin Thu 09-24 08:30 ET · Weekly Jobless Claims (September) Thu 09-24 10:00 ET · New Home Sales (August) Thu 09-24 11:00 ET · Kansas City Fed Survey (September)27 calendar days out: every tenor of 7d or longer spans it Fri 09-25 08:30 ET · Durable Goods (August) Fri 09-25 10:00 ET · U. Michigan Final Consumer Survey (September)1d5d7d14d30d60d90d180d365d41.3%17.0%
2026-09-182026-08-19 (21 sessions earlier)◆ scheduled release, at the first tenor spanning ittenors in calendar days, log scale
Scheduled after the 2026-09-18 close, from the 2026-09-18 calendar snapshot (forecasts as they stood then). Each is marked with the shortest tenor, in calendar days, that spans it:
  • Wed 09-23 09:45 · 5d US Flash Manufacturing PMI (September) · prev 53.2
  • Wed 09-23 09:45 · 5d US Flash Services PMI (September) · prev 56.8
  • Thu 09-24 08:00 · 6d Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
  • Thu 09-24 08:30 · 6d Weekly Jobless Claims (September)
  • Thu 09-24 10:00 · 6d New Home Sales (August) · prev 607000
  • Thu 09-24 11:00 · 6d Kansas City Fed Survey (September) · prev 17
  • Fri 09-25 08:30 · 7d Durable Goods (August) · prev 1.1%
  • Fri 09-25 10:00 · 7d U. Michigan Final Consumer Survey (September) · prev 51.7

Earnings: no earnings (ETF): the vendor serves no reports for the funds whose holdings are collected here, and this symbol is one of them.

90-day IV
34.6%
own all (<3y) 24.5% · n=241
slope, 30d − 90d
-3.3 pts
own all (<3y) 6.2% · n=241
variance risk premium, 30d
+4.1 pts
own all (<3y) 63.8% · n=236

Skew · risk reversal

25-delta
+0.9 pts
own all (<3y) 15.7% · n=35
10-delta
+3.5 pts
own all (<3y) 15.7% · n=35

Skew has been collected since 2026-07-30 only: the vendor serves no earlier history, so each percentile here is taken over all of it - the few weeks of readings there are, which the n beside it counts.

Smile by expiry: the 8 expiries within 120 DTE carrying the most open interest · book as of 2026-09-17

1d2026-09-18 · short
2026-09-18: 5 put and 5 call strikes within ±2.3%, IV 24% to 34%strike 567.5: IV 24.4%, beyond the shared scale43%27%2.3%book spot+2.3%
8d2026-09-25
2026-09-25: 15 put and 14 call strikes within ±6.5%, IV 28% to 34%43%27%6.5%book spot+6.5%
15d2026-10-02
2026-10-02: 19 put and 20 call strikes within ±8.8%, IV 29% to 37%43%27%8.8%book spot+8.8%
22d2026-10-09
2026-10-09: 21 put and 19 call strikes within ±11%, IV 30% to 37%43%27%11%book spot+11%
29d2026-10-16
2026-10-16: 14 put and 13 call strikes within ±12%, IV 30% to 37%43%27%12%book spot+12%
64d2026-11-20
2026-11-20: 21 put and 20 call strikes within ±18%, IV 33% to 41%43%27%18%book spot+18%
92d2026-12-18
2026-12-18: 21 put and 18 call strikes within ±22%, IV 33% to 41%43%27%22%book spot+22%
120d2027-01-15
2027-01-15: 23 put and 21 call strikes within ±25%, IV 33% to 42%43%27%25%book spot+25%
IV against strike, out-of-the-money side. Each window widens with √DTE, to ±25% at the longest expiry, so every panel shows a comparable slice of its smile; all share one IV scale (27%43%), set by the expiries past 7 DTE. 1 short-dated point beyond it is pinned to the edge as an open circle.

Expiry window · 3565 DTE

Next earnings: no earnings (ETF): the vendor serves no reports for the funds whose holdings are collected here, and this symbol is one of them.

expiryDTE28-DTE exitthesisearningsATM IV · 09-17expected move
2026-10-23 Friweekly352026-09-257dno earnings (ETF)32.1% p 560
2026-10-30 Friweekly422026-10-0214dno earnings (ETF)33.7% p 560
2026-11-20 Fri632026-10-2335dno earnings (ETF)35.0% p 560

DTE counts calendar days from 2026-09-18, the page's date and the earliest an entry could be made - not from the 2026-09-17 book the expiries and IVs come from, which would overstate it by 1 day; an expiry first listed after 2026-09-17 is not in the book and not here. A premarket report moves its own session and a postmarket one the next; one with no stated time is placed at the earlier of the two - or at the later, once the earlier is already in the 2026-09-18 close - so an expiry can be called spanning when it might not be, never the reverse. "spans +N": the expiry settles N calendar days after that session, and the line under it says whether the 28-DTE exit comes before it ("inside the exit": that date is already behind 2026-09-18, so it protects nothing); "clear N": it settles N days before it. Thesis = DTE − 28 (the hard exit is 21), cut to the last session before a report that comes first. Every expiry in the band is listed, and one that is not a third Friday is marked weekly — §1 of the trading rules admits no weeklies and no 0DTE, so those rows are context, not candidates; the mark is the calendar test on the date alone, and a monthly pulled back to a Thursday by a holiday carries it too. ATM IV is the vendor's at the 2026-09-17 close, on the out-of-the-money side of the listed strike nearest book spot: a display selection, not a statistic, read at that one strike, so "no IV at X" is about X and not about its neighbours. The expected move is the vendor's, for the report the expiry spans. Every row links to that expiry on the strike axis below.

Chain · one strike axis

Book as of 2026-09-17: 1 session behind 2026-09-18: no SMH chain statistics (net_gex) dated after 2026-09-17 are knowable as of 2026-09-18, and no ticker has newer ones. The strikes drawn below are 2026-09-17's rows as stored now; the levels and statistics are the readings dated 2026-09-17, computed from those rows when the readings were derived, and a fetch of 2026-09-17 after that can revise rows. Open interest is what entered 2026-09-17 (OCC's settlement of 2026-09-16), valued at the 2026-09-17 close.

net GEX · carried book
-$19.8m per 1%
own all (<3y) 83.6% · n=64
gamma flip
undetermined - book spot is near a flip
flip distance
undetermined - book spot is near a flip
last reading +1.00 ATR on 2026-09-16
0DTE share of volume
not listed daily

book spot $560.61 (unadjusted close, 2026-09-17) · call wall $560.00 (-0.11% from book spot) · put wall $550.00 (-1.89% from book spot) · max pain $560.00 (-0.11% from book spot, 2026-10-16 monthly)

Each level is stored as a distance from the book's own spot, so each is drawn at $560.61 × (1 + that distance) - the 2026-09-17 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. SMH headlines $573.00, its newest unadjusted close, on 2026-09-18; the book was taken at $560.61 on 2026-09-17, because the book trails the page by the one session counted above. Both are closes, both are dated, and neither is adjusted. Recomputing a wall on the newer close would put it at a level this book never had, so none of these is: they are the 2026-09-17 book's levels, on the 2026-09-17 close.

Dashed: 7 DTE or less, where the vendor's gamma is noisy. "mp": the monthly max pain describes.

Tradability of the 2026-12-18 expiry: 91 calendar days from 2026-09-18 (92 from the book date), outside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-17 chain snapshot - not a live quote, and not DESIGN J's quote at a trade (per-trade quotes are not collected) - as a percent of mid; a zero or missing bid, or a crossed quote, is drawn as × for no two-sided quote. The owner's floors are marked and filter nothing: spread 10% of mid, OI 500, and the strike nearest 0.20 delta on each side - call 660 (Δ 0.20), put 490 (Δ -0.20).

call put OI carried through 2026-09-16 · opened by 2026-09-16's trading · closed by it / net GEX long / short gamma book spot call wall put wall max pain gamma flipfloors, marked not filtered: spread 10% of mid · OI 500 · strike nearest 0.20 delta, beside the spread panel · no two-sided quote · spread past 25%
OI changes are 2026-09-16's trading; volume is 2026-09-17's.◀ put OIcall OI ▶entering 2026-09-17◀ put volcall vol ▶traded 2026-09-17◀ putcall ▶spread, % of mid− net GEX+$ per 1% move700695690685680675670665660655650645640635630625620615610605600595590585580575570565560555550545540535530525520515510505500495490485480475470465460455450445440435430425put strike nearest 0.20 delta: 490call strike nearest 0.20 delta: 6607.0k07.0k1.0k1.0k25%10%10%25%-$6.6m+$6.6mbook spot 560.61call wall 560put wall 550strike 700 calls: OI 5,452 (-80) · vol 483 (at ask 40, at bid 228, multi-leg 381) · NBBO 5.00 × 5.40, spread 7.7% of mid · Δ 0.12 puts: OI 28 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 138.50 × 142.90, spread 3.1% of mid · Δ -0.97 net GEX +$3.4m per 1% (calls +$3.5m, puts -$10k)strike 695 calls: OI 315 (+0) · vol 7 (at ask 0, at bid 7, multi-leg 1) · NBBO 5.50 × 6.35, spread 14.3% of mid · Δ 0.13 puts: OI 24 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 133.85 × 138.25, spread 3.2% of mid · Δ -0.96 net GEX +$200k per 1% (calls +$210k, puts -$10k)strike 690 calls: OI 172 (+0) · vol 5 (at ask 0, at bid 5) · NBBO 5.95 × 6.60, spread 10.4% of mid · Δ 0.14 puts: OI 4 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 129.05 × 133.50, spread 3.4% of mid · Δ -0.95 net GEX +$118k per 1% (calls +$120k, puts -$2k)strike 685 calls: OI 388 (+0) · vol 4 (at ask 0, at bid 4) · NBBO 6.45 × 7.40, spread 13.7% of mid · Δ 0.14 puts: OI 2 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 124.45 × 128.95, spread 3.6% of mid · Δ -0.94 net GEX +$283k per 1% (calls +$284k, puts -$1k)strike 680 calls: OI 292 (-2) · vol 54 (at ask 51, at bid 3) · NBBO 6.90 × 7.75, spread 11.6% of mid · Δ 0.15 puts: OI 238 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 119.95 × 124.30, spread 3.6% of mid · Δ -0.92 net GEX +$76k per 1% (calls +$223k, puts -$147k)strike 675 calls: OI 409 (+0) · vol 3 (at ask 0, at bid 3) · NBBO 7.65 × 8.85, spread 14.5% of mid · Δ 0.17 puts: OI 4 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 115.65 × 119.80, spread 3.5% of mid · Δ -0.91 net GEX +$323k per 1% (calls +$326k, puts -$3k)strike 670 calls: OI 579 (+0) · vol 6 (at ask 1, at bid 5, multi-leg 2) · NBBO 8.30 × 9.40, spread 12.4% of mid · Δ 0.18 puts: OI 5 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 111.00 × 115.50, spread 4.0% of mid · Δ -0.90 net GEX +$477k per 1% (calls +$480k, puts -$4k)strike 665 calls: OI 136 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 8.55 × 10.25, spread 18.1% of mid · Δ 0.19 puts: OI 61 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 106.50 × 110.00, spread 3.2% of mid · Δ -0.89 net GEX +$68k per 1% (calls +$117k, puts -$49k)strike 660 calls: OI 3,576 (-29) · vol 3 (at ask 1, at bid 2, multi-leg 3) · NBBO 9.15 × 11.00, spread 18.4% of mid · Δ 0.20 puts: OI 22 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 102.10 × 106.75, spread 4.5% of mid · Δ -0.87 net GEX +$3.2m per 1% (calls +$3.2m, puts -$19k)strike 655 calls: OI 153 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 9.90 × 11.45, spread 14.5% of mid · Δ 0.21 puts: OI 31 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 98.15 × 101.35, spread 3.2% of mid · Δ -0.85 net GEX +$113k per 1% (calls +$142k, puts -$29k)strike 650 calls: OI 1,845 (+19) · vol 44 (at ask 3, at bid 41) · NBBO 11.35 × 12.25, spread 7.6% of mid · Δ 0.23 puts: OI 56 (+0) · vol 7 (at ask 3, at bid 4) · NBBO 93.70 × 98.40, spread 4.9% of mid · Δ -0.84 net GEX +$1.7m per 1% (calls +$1.8m, puts -$55k)strike 645 calls: OI 103 (+5) · vol 380 (at ask 221, at bid 134, multi-leg 380) · NBBO 11.75 × 13.35, spread 12.7% of mid · Δ 0.24 puts: OI 28 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 89.65 × 94.05, spread 4.8% of mid · Δ -0.82 net GEX +$73k per 1% (calls +$102k, puts -$29k)strike 640 calls: OI 313 (+35) · vol 18 (at ask 8, at bid 0, multi-leg 3) · NBBO 12.65 × 14.25, spread 11.9% of mid · Δ 0.25 puts: OI 45 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 85.60 × 90.00, spread 5.0% of mid · Δ -0.80 net GEX +$270k per 1% (calls +$319k, puts -$49k)strike 635 calls: OI 122 (+0) · vol 5 (at ask 0, at bid 5, multi-leg 5) · NBBO 13.70 × 15.55, spread 12.6% of mid · Δ 0.27 puts: OI 29 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 81.70 × 86.05, spread 5.2% of mid · Δ -0.79 net GEX +$95k per 1% (calls +$128k, puts -$33k)strike 630 calls: OI 337 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 14.80 × 17.10, spread 14.4% of mid · Δ 0.29 puts: OI 30 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 77.55 × 82.25, spread 5.9% of mid · Δ -0.77 net GEX +$326k per 1% (calls +$361k, puts -$35k)strike 625 calls: OI 1,746 (+0) · vol 2 (at ask 0, at bid 2, multi-leg 1) · NBBO 16.00 × 18.00, spread 11.8% of mid · Δ 0.30 puts: OI 60 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 73.75 × 78.40, spread 6.1% of mid · Δ -0.75 net GEX +$1.8m per 1% (calls +$1.9m, puts -$73k)strike 620 calls: OI 1,468 (-16) · vol 1 (at ask 0, at bid 1, multi-leg 1) · NBBO 17.25 × 19.35, spread 11.5% of mid · Δ 0.32 puts: OI 88 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 70.05 × 74.70, spread 6.4% of mid · Δ -0.73 net GEX +$1.5m per 1% (calls +$1.6m, puts -$111k)strike 615 calls: OI 245 (+1) · vol 216 (at ask 172, at bid 44, multi-leg 173) · NBBO 18.70 × 21.20, spread 12.5% of mid · Δ 0.34 puts: OI 643 (+0) · vol 2 (at ask 0, at bid 2, multi-leg 2) · NBBO 66.50 × 71.20, spread 6.8% of mid · Δ -0.71 net GEX -$553k per 1% (calls +$279k, puts -$833k)strike 610 calls: OI 1,209 (+0) · vol 1 (at ask 1, at bid 0) · NBBO 21.10 × 22.20, spread 5.1% of mid · Δ 0.35 puts: OI 102 (+1) · vol 0 (at ask 0, at bid 0) · NBBO 63.00 × 67.50, spread 6.9% of mid · Δ -0.69 net GEX +$1.3m per 1% (calls +$1.4m, puts -$136k)strike 605 calls: OI 288 (+0) · vol 1 (at ask 0, at bid 1) · NBBO 21.85 × 23.80, spread 8.5% of mid · Δ 0.37 puts: OI 107 (-1) · vol 2 (at ask 2, at bid 0, multi-leg 2) · NBBO 59.50 × 64.35, spread 7.8% of mid · Δ -0.67 net GEX +$193k per 1% (calls +$339k, puts -$146k)strike 600 calls: OI 2,149 (+2) · vol 26 (at ask 15, at bid 11, multi-leg 2) · NBBO 23.75 × 25.65, spread 7.7% of mid · Δ 0.39 puts: OI 2,861 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 56.15 × 60.80, spread 8.0% of mid · Δ -0.64 net GEX -$1.4m per 1% (calls +$2.6m, puts -$4.0m)strike 595 calls: OI 216 (+5) · vol 0 (at ask 0, at bid 0) · NBBO 24.90 × 27.80, spread 11.0% of mid · Δ 0.41 puts: OI 159 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 53.05 × 57.90, spread 8.7% of mid · Δ -0.62 net GEX +$38k per 1% (calls +$258k, puts -$221k)strike 590 calls: OI 1,328 (+3) · vol 1,049 (at ask 13, at bid 1,036, sweep 7, multi-leg 5) · NBBO 27.70 × 29.40, spread 6.0% of mid · Δ 0.43 puts: OI 114 (-2) · vol 6 (at ask 6, at bid 0) · NBBO 51.55 × 53.40, spread 3.5% of mid · Δ -0.60 net GEX +$1.4m per 1% (calls +$1.6m, puts -$159k)strike 585 calls: OI 803 (+84) · vol 70 (at ask 64, at bid 6, multi-leg 62) · NBBO 29.35 × 31.45, spread 6.9% of mid · Δ 0.44 puts: OI 783 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 47.75 × 50.40, spread 5.4% of mid · Δ -0.58 net GEX -$122k per 1% (calls +$971k, puts -$1.1m)strike 580 calls: OI 1,002 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 31.45 × 33.35, spread 5.9% of mid · Δ 0.46 puts: OI 722 (-45) · vol 14 (at ask 9, at bid 5) · NBBO 45.55 × 47.20, spread 3.6% of mid · Δ -0.55 net GEX +$207k per 1% (calls +$1.2m, puts -$1.0m)strike 575 calls: OI 1,533 (+16) · vol 0 (at ask 0, at bid 0) · NBBO 34.35 × 35.85, spread 4.3% of mid · Δ 0.48 puts: OI 528 (+0) · vol 5 (at ask 5, at bid 0, multi-leg 5) · NBBO 41.95 × 44.75, spread 6.5% of mid · Δ -0.53 net GEX +$1.1m per 1% (calls +$1.9m, puts -$738k)strike 570 calls: OI 2,174 (+2) · vol 43 (at ask 42, at bid 1, sweep 2) · NBBO 36.75 × 38.00, spread 3.3% of mid · Δ 0.50 puts: OI 3,300 (+0) · vol 3 (at ask 3, at bid 0) · NBBO 39.45 × 41.95, spread 6.1% of mid · Δ -0.51 net GEX -$2.0m per 1% (calls +$2.6m, puts -$4.6m)strike 565 calls: OI 172 (+1) · vol 5 (at ask 1, at bid 4, multi-leg 2) · NBBO 38.50 × 40.80, spread 5.8% of mid · Δ 0.52 puts: OI 451 (-1) · vol 70 (at ask 2, at bid 68, multi-leg 64) · NBBO 38.00 × 39.95, spread 5.0% of mid · Δ -0.49 net GEX -$414k per 1% (calls +$205k, puts -$619k)strike 560 calls: OI 254 (-6) · vol 12 (at ask 8, at bid 4) · NBBO 41.70 × 43.20, spread 3.5% of mid · Δ 0.54 puts: OI 1,339 (+0) · vol 23 (at ask 13, at bid 9, multi-leg 18) · NBBO 35.00 × 37.25, spread 6.2% of mid · Δ -0.46 net GEX -$1.5m per 1% (calls +$299k, puts -$1.8m)strike 555 calls: OI 258 (+66) · vol 7 (at ask 5, at bid 2, multi-leg 1) · NBBO 43.70 × 46.20, spread 5.6% of mid · Δ 0.56 puts: OI 328 (-58) · vol 1 (at ask 0, at bid 1, multi-leg 1) · NBBO 32.95 × 34.95, spread 5.9% of mid · Δ -0.44 net GEX -$139k per 1% (calls +$300k, puts -$439k)strike 550 calls: OI 2,580 (+37) · vol 2 (at ask 1, at bid 0) · NBBO 47.05 × 50.20, spread 6.5% of mid · Δ 0.58 puts: OI 2,482 (+187) · vol 26 (at ask 21, at bid 5, sweep 1) · NBBO 30.90 × 32.35, spread 4.6% of mid · Δ -0.42 net GEX -$313k per 1% (calls +$3.0m, puts -$3.3m)strike 545 calls: OI 235 (+9) · vol 1 (at ask 0, at bid 0) · NBBO 48.35 × 51.90, spread 7.1% of mid · Δ 0.60 puts: OI 194 (+3) · vol 23 (at ask 9, at bid 9, multi-leg 17) · NBBO 28.90 × 30.05, spread 3.9% of mid · Δ -0.40 net GEX +$14k per 1% (calls +$265k, puts -$251k)strike 540 calls: OI 167 (-3) · vol 0 (at ask 0, at bid 0) · NBBO 51.60 × 56.30, spread 8.7% of mid · Δ 0.61 puts: OI 5,334 (-72) · vol 47 (at ask 25, at bid 16, multi-leg 29) · NBBO 26.95 × 28.40, spread 5.2% of mid · Δ -0.38 net GEX -$6.6m per 1% (calls +$184k, puts -$6.8m)strike 535 calls: OI 200 (+0) · vol 4 (at ask 0, at bid 0, multi-leg 4) · NBBO 54.70 × 59.40, spread 8.2% of mid · Δ 0.63 puts: OI 405 (+0) · vol 2 (at ask 2, at bid 0, multi-leg 2) · NBBO 24.80 × 26.90, spread 8.1% of mid · Δ -0.36 net GEX -$285k per 1% (calls +$214k, puts -$499k)strike 530 calls: OI 87 (+0) · vol 4 (at ask 0, at bid 0, multi-leg 4) · NBBO 57.90 × 61.60, spread 6.2% of mid · Δ 0.65 puts: OI 330 (+6) · vol 7 (at ask 0, at bid 7, sweep 1, multi-leg 6) · NBBO 22.45 × 25.00, spread 10.7% of mid · Δ -0.34 net GEX -$305k per 1% (calls +$90k, puts -$395k)strike 525 calls: OI 247 (-5) · vol 1 (at ask 1, at bid 0, multi-leg 1) · NBBO 61.20 × 65.00, spread 6.0% of mid · Δ 0.67 puts: OI 942 (-2) · vol 66 (at ask 48, at bid 16, multi-leg 23) · NBBO 21.80 × 23.35, spread 6.9% of mid · Δ -0.32 net GEX -$848k per 1% (calls +$250k, puts -$1.1m)strike 520 calls: OI 405 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 64.60 × 69.00, spread 6.6% of mid · Δ 0.68 puts: OI 1,626 (+3) · vol 16 (at ask 2, at bid 13, multi-leg 5) · NBBO 19.40 × 21.85, spread 11.9% of mid · Δ -0.30 net GEX -$1.4m per 1% (calls +$397k, puts -$1.8m)strike 515 calls: OI 368 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 69.35 × 72.00, spread 3.7% of mid · Δ 0.70 puts: OI 82 (-3) · vol 2 (at ask 1, at bid 1, multi-leg 1) · NBBO 18.15 × 20.30, spread 11.2% of mid · Δ -0.28 net GEX +$261k per 1% (calls +$350k, puts -$89k)strike 510 calls: OI 445 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 72.90 × 75.35, spread 3.3% of mid · Δ 0.71 puts: OI 390 (-2) · vol 2 (at ask 0, at bid 2, multi-leg 2) · NBBO 17.05 × 18.30, spread 7.1% of mid · Δ -0.27 net GEX +$4k per 1% (calls +$408k, puts -$404k)strike 505 calls: OI 221 (-2) · vol 0 (at ask 0, at bid 0) · NBBO 75.20 × 79.55, spread 5.6% of mid · Δ 0.73 puts: OI 175 (+2) · vol 9 (at ask 0, at bid 9, sweep 2, multi-leg 5) · NBBO 15.85 × 17.15, spread 7.9% of mid · Δ -0.25 net GEX +$22k per 1% (calls +$195k, puts -$174k)strike 500 calls: OI 2,924 (-1) · vol 2 (at ask 2, at bid 0, multi-leg 1) · NBBO 79.40 × 83.45, spread 5.0% of mid · Δ 0.74 puts: OI 3,535 (+170) · vol 63 (at ask 17, at bid 28, sweep 2, multi-leg 31) · NBBO 14.35 × 16.50, spread 13.9% of mid · Δ -0.23 net GEX -$868k per 1% (calls +$2.5m, puts -$3.4m)strike 495 calls: OI 277 (-9) · vol 0 (at ask 0, at bid 0) · NBBO 82.85 × 87.10, spread 5.0% of mid · Δ 0.75 puts: OI 1,017 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 12.90 × 14.60, spread 12.4% of mid · Δ -0.22 net GEX -$696k per 1% (calls +$227k, puts -$922k)strike 490 calls: OI 111 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 87.65 × 91.10, spread 3.9% of mid · Δ 0.77 puts: OI 550 (+2) · vol 15 (at ask 12, at bid 3, multi-leg 3) · NBBO 12.55 × 13.50, spread 7.3% of mid · Δ -0.20 net GEX -$389k per 1% (calls +$87k, puts -$476k)strike 485 calls: OI 140 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 90.70 × 95.10, spread 4.7% of mid · Δ 0.78 puts: OI 455 (-23) · vol 0 (at ask 0, at bid 0) · NBBO 11.45 × 12.85, spread 11.5% of mid · Δ -0.19 net GEX -$269k per 1% (calls +$105k, puts -$375k)strike 480 calls: OI 336 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 94.50 × 99.10, spread 4.8% of mid · Δ 0.79 puts: OI 914 (-2) · vol 9 (at ask 2, at bid 5, multi-leg 8) · NBBO 10.60 × 11.50, spread 8.1% of mid · Δ -0.18 net GEX -$470k per 1% (calls +$242k, puts -$712k)strike 475 calls: OI 235 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 98.80 × 103.20, spread 4.4% of mid · Δ 0.80 puts: OI 1,682 (-10) · vol 0 (at ask 0, at bid 0) · NBBO 9.95 × 10.90, spread 9.1% of mid · Δ -0.17 net GEX -$1.1m per 1% (calls +$162k, puts -$1.2m)strike 470 calls: OI 224 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 103.15 × 107.30, spread 3.9% of mid · Δ 0.81 puts: OI 3,533 (-73) · vol 4 (at ask 1, at bid 3) · NBBO 9.10 × 10.50, spread 14.3% of mid · Δ -0.15 net GEX -$2.3m per 1% (calls +$148k, puts -$2.5m)strike 465 calls: OI 70 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 107.60 × 111.20, spread 3.3% of mid · Δ 0.82 puts: OI 268 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 8.30 × 9.10, spread 9.2% of mid · Δ -0.14 net GEX -$132k per 1% (calls +$44k, puts -$176k)strike 460 calls: OI 134 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 111.45 × 115.65, spread 3.7% of mid · Δ 0.83 puts: OI 2,319 (-1) · vol 24 (at ask 21, at bid 1, multi-leg 4) · NBBO 7.75 × 8.95, spread 14.4% of mid · Δ -0.13 net GEX -$1.3m per 1% (calls +$80k, puts -$1.4m)strike 455 calls: OI 95 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 115.75 × 119.95, spread 3.6% of mid · Δ 0.84 puts: OI 299 (+0) · vol 6 (at ask 6, at bid 0) · NBBO 7.15 × 7.85, spread 9.3% of mid · Δ -0.12 net GEX -$119k per 1% (calls +$54k, puts -$173k)strike 450 calls: OI 457 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 121.00 × 124.30, spread 2.7% of mid · Δ 0.85 puts: OI 6,964 (+35) · vol 122 (at ask 87, at bid 34, multi-leg 20) · NBBO 6.35 × 7.70, spread 19.2% of mid · Δ -0.11 net GEX -$3.5m per 1% (calls +$248k, puts -$3.8m)strike 445 calls: OI 25 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 124.70 × 128.70, spread 3.2% of mid · Δ 0.86 puts: OI 160 (+0) · vol 26 (at ask 26, at bid 0, sweep 2) · NBBO 6.00 × 6.50, spread 8.0% of mid · Δ -0.11 net GEX -$69k per 1% (calls +$13k, puts -$81k)strike 440 calls: OI 102 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 128.85 × 133.20, spread 3.3% of mid · Δ 0.86 puts: OI 1,584 (-16) · vol 132 (at ask 89, at bid 43, sweep 5, multi-leg 15) · NBBO 5.45 × 6.00, spread 9.6% of mid · Δ -0.10 net GEX -$703k per 1% (calls +$50k, puts -$753k)strike 435 calls: OI 90 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 134.05 × 137.70, spread 2.7% of mid · Δ 0.87 puts: OI 800 (+0) · vol 51 (at ask 37, at bid 3, multi-leg 5) · NBBO 4.95 × 5.55, spread 11.4% of mid · Δ -0.09 net GEX -$312k per 1% (calls +$42k, puts -$354k)strike 430 calls: OI 364 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 138.15 × 142.15, spread 2.9% of mid · Δ 0.88 puts: OI 470 (+0) · vol 8 (at ask 7, at bid 1, multi-leg 3) · NBBO 4.50 × 5.05, spread 11.5% of mid · Δ -0.08 net GEX -$33k per 1% (calls +$161k, puts -$194k)strike 425 calls: OI 121 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 142.55 × 146.65, spread 2.8% of mid · Δ 0.88 puts: OI 336 (+161) · vol 1,007 (at ask 5, at bid 2, multi-leg 7) · NBBO 3.75 × 5.20, spread 32.4% of mid · Δ -0.08 net GEX -$78k per 1% (calls +$51k, puts -$129k)

2026-12-18 expiry, 56 strikes within ±25% of book spot (the flip search band); 121 hidden (56 above, 65 below), 121 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (-$6.3m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-17's own - whether it opened positions shows in the 2026-09-18 book's change.

max pain $560.00 belongs to the 2026-10-16 monthly (29 days from 2026-09-17, as max_pain_expiry_dte stores it: the nearest monthly at least 7 days out), not to this expiry.

γ flip: undetermined - book spot is near a flip.

Table view · 56 strikes
putsstrikecallsGEX, $ per 1%
ΔOIOImulti-legsweep@bid@askvolΔspraskbidbidasksprΔvol@ask@bidsweepmulti-legOIΔOIputcallnet
+02800000-0.973.1%142.90138.507005.005.407.7%0.124834022803815,452-80-$10k+$3.5m+$3.4m
+02400000-0.963.2%138.25133.856955.506.3514.3%0.1370701315+0-$10k+$210k+$200k
+0400000-0.953.4%133.50129.056905.956.6010.4%0.1450500172+0-$2k+$120k+$118k
+0200000-0.943.6%128.95124.456856.457.4013.7%0.1440400388+0-$1k+$284k+$283k
+023800000-0.923.6%124.30119.956806.907.7511.6%0.155451300292-2-$147k+$223k+$76k
+0400000-0.913.5%119.80115.656757.658.8514.5%0.1730300409+0-$3k+$326k+$323k
+0500000-0.904.0%115.50111.006708.309.4012.4%0.1861502579+0-$4k+$480k+$477k
+06100000-0.893.2%110.00106.506658.5510.2518.1%0.1900000136+0-$49k+$117k+$68k
+02200000-0.874.5%106.75102.106609.1511.0018.4%0.20312033,576-29-$19k+$3.2m+$3.2m
+03100000-0.853.2%101.3598.156559.9011.4514.5%0.2100000153+0-$29k+$142k+$113k
+05600437-0.844.9%98.4093.7065011.3512.257.6%0.2344341001,845+19-$55k+$1.8m+$1.7m
+02800000-0.824.8%94.0589.6564511.7513.3512.7%0.243802211340380103+5-$29k+$102k+$73k
+04500000-0.805.0%90.0085.6064012.6514.2511.9%0.25188003313+35-$49k+$319k+$270k
+02900000-0.795.2%86.0581.7063513.7015.5512.6%0.2750505122+0-$33k+$128k+$95k
+03000000-0.775.9%82.2577.5563014.8017.1014.4%0.2900000337+0-$35k+$361k+$326k
+06000000-0.756.1%78.4073.7562516.0018.0011.8%0.30202011,746+0-$73k+$1.9m+$1.8m
+08800000-0.736.4%74.7070.0562017.2519.3511.5%0.32101011,468-16-$111k+$1.6m+$1.5m
+064320202-0.716.8%71.2066.5061518.7021.2012.5%0.34216172440173245+1-$833k+$279k-$553k
+110200000-0.696.9%67.5063.0061021.1022.205.1%0.35110001,209+0-$136k+$1.4m+$1.3m
-110720022-0.677.8%64.3559.5060521.8523.808.5%0.3710100288+0-$146k+$339k+$193k
-12,86100000-0.648.0%60.8056.1560023.7525.657.7%0.39261511022,149+2-$4.0m+$2.6m-$1.4m
+015900000-0.628.7%57.9053.0559524.9027.8011.0%0.4100000216+5-$221k+$258k+$38k
-211400066-0.603.5%53.4051.5559027.7029.406.0%0.431,049131,036751,328+3-$159k+$1.6m+$1.4m
+078300000-0.585.4%50.4047.7558529.3531.456.9%0.4470646062803+84-$1.1m+$971k-$122k
-45722005914-0.553.6%47.2045.5558031.4533.355.9%0.46000001,002+0-$1.0m+$1.2m+$207k
+052850055-0.536.5%44.7541.9557534.3535.854.3%0.48000001,533+16-$738k+$1.9m+$1.1m
+03,30000033-0.516.1%41.9539.4557036.7538.003.3%0.5043421202,174+2-$4.6m+$2.6m-$2.0m
-145164068270-0.495.0%39.9538.0056538.5040.805.8%0.5251402172+1-$619k+$205k-$414k
+01,33918091323-0.466.2%37.2535.0056041.7043.203.5%0.54128400254-6-$1.8m+$299k-$1.5m
-5832810101-0.445.9%34.9532.9555543.7046.205.6%0.5675201258+66-$439k+$300k-$139k
+1872,4820152126-0.424.6%32.3530.9055047.0550.206.5%0.58210002,580+37-$3.3m+$3.0m-$313k
+31941709923-0.403.9%30.0528.9054548.3551.907.1%0.6010000235+9-$251k+$265k+$14k
-725,334290162547-0.385.2%28.4026.9554051.6056.308.7%0.6100000167-3-$6.8m+$184k-$6.6m
+040520022-0.368.1%26.9024.8053554.7059.408.2%0.6340004200+0-$499k+$214k-$285k
+633061707-0.3410.7%25.0022.4553057.9061.606.2%0.654000487+0-$395k+$90k-$305k
-2942230164866-0.326.9%23.3521.8052561.2065.006.0%0.6711001247-5-$1.1m+$250k-$848k
+31,6265013216-0.3011.9%21.8519.4052064.6069.006.6%0.6800000405+0-$1.8m+$397k-$1.4m
-38210112-0.2811.2%20.3018.1551569.3572.003.7%0.7000000368+0-$89k+$350k+$261k
-239020202-0.277.1%18.3017.0551072.9075.353.3%0.7100000445+0-$404k+$408k+$4k
+217552909-0.257.9%17.1515.8550575.2079.555.6%0.7300000221-2-$174k+$195k+$22k
+1703,535312281763-0.2313.9%16.5014.3550079.4083.455.0%0.74220012,924-1-$3.4m+$2.5m-$868k
+01,01700000-0.2212.4%14.6012.9049582.8587.105.0%0.7500000277-9-$922k+$227k-$696k
+25503031215-0.207.3%13.5012.5549087.6591.103.9%0.7700000111+0-$476k+$87k-$389k
-2345500000-0.1911.5%12.8511.4548590.7095.104.7%0.7800000140+0-$375k+$105k-$269k
-291480529-0.188.1%11.5010.6048094.5099.104.8%0.7900000336+0-$712k+$242k-$470k
-101,68200000-0.179.1%10.909.9547598.80103.204.4%0.8000000235+0-$1.2m+$162k-$1.1m
-733,53300314-0.1514.3%10.509.10470103.15107.303.9%0.8100000224+0-$2.5m+$148k-$2.3m
+026800000-0.149.2%9.108.30465107.60111.203.3%0.820000070+0-$176k+$44k-$132k
-12,3194012124-0.1314.4%8.957.75460111.45115.653.7%0.8300000134+0-$1.4m+$80k-$1.3m
+029900066-0.129.3%7.857.15455115.75119.953.6%0.840000095+0-$173k+$54k-$119k
+356,9642003487122-0.1119.2%7.706.35450121.00124.302.7%0.8500000457+0-$3.8m+$248k-$3.5m
+01600202626-0.118.0%6.506.00445124.70128.703.2%0.860000025+0-$81k+$13k-$69k
-161,5841554389132-0.109.6%6.005.45440128.85133.203.3%0.8600000102+0-$753k+$50k-$703k
+08005033751-0.0911.4%5.554.95435134.05137.702.7%0.870000090+0-$354k+$42k-$312k
+047030178-0.0811.5%5.054.50430138.15142.152.9%0.8800000364+0-$194k+$161k-$33k
+16133670251,007-0.0832.4%5.203.75425142.55146.652.8%0.8800000121+0-$129k+$51k-$78k