SMTC Options Chain Analysis

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

Spot $185.59 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.78

49k P / 63k C

Put/Call (Volume)

0.54

1k P / 3k C that session

30d ATM IV

84%

annualized implied move

Call wall

$230

7k contracts

Put wall

$40

10k contracts

Tail hedging

2.0×

deep-OTM puts vs calls

What the positioning says

●Call wall at $230 (7k contracts), 24% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $40 (10k contracts), 78% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.0× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 84% — 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	289	375	1.30	938
2026-10-09	189	630	3.33	940
2026-10-16	21k	6k	0.31	331
2026-10-23	121	115	0.95	54
2026-10-30	16	86	5.38	83
2026-11-06	39	81	2.08	21
2026-11-13	0	0	—	4
2026-11-20	11k	2k	0.21	224
2026-12-18	9k	2k	0.27	111
2027-01-15	14k	13k	0.94	288
2027-03-19	2k	527	0.31	1k
2027-12-17	1k	2k	1.18	8
2028-01-21	4k	22k	5.23	12
2028-12-15	584	93	0.16	8
2029-01-19	24	10	0.42	0

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.