SMMT Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $16.77 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.75

99k P / 132k C

Put/Call (Volume)

0.21

2k P / 8k C that session

30d ATM IV

114%

annualized implied move

Call wall

$20

32k contracts

Put wall

20k contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Call wall at $20 (32k contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $9 (20k contracts), 46% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 114% — the market prices very large moves; option premium is expensive.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	3k	964	0.35	434
2026-10-16	19k	13k	0.70	2k
2026-10-23	2k	357	0.21	57
2026-10-30	965	190	0.20	210
2026-11-06	69	2k	32.74	34
2026-11-13	0	0	—	3
2026-11-20	9k	841	0.10	3k
2027-01-15	70k	60k	0.85	2k
2027-03-19	2k	181	0.09	285
2027-04-16	4k	134	0.04	9
2028-01-21	7k	1k	0.21	210
2029-01-19	184	10	0.05	2

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.