Range $522.49–$633.90 · -7.9% over the period · daily closes via Polygon
As of the latest session, SMH is trading at $530.88 (+1.41% on the day). Today's options tape is leaning bearish — call volume is 33% of total contracts (15K calls vs 30K puts, a 0.49× call/put ratio). The most active contract is the $490 PUT expiring 2026-11-02 on 4K contracts.
The SMH options tape is tilted bearish right now — puts are 67% of volume (a 0.49× call/put ratio). Heavy put volume can be outright downside bets or protective hedging; the tell is whether the largest prints are hitting the ask with urgency or just rolling protection.
New to reading flow? Volume vs open interest → · What is implied volatility → · Sweeps vs blocks →
Options flow shows where real money is positioning before a move. A bullish lean (heavy call volume, high call/put ratio, sweeps bought at the ask) means traders are paying up for upside; a bearish lean is the reverse. The largest, most-aggressive prints — sweeps filled across exchanges at the ask — carry the most signal. On the AlgoX conviction desk, SMH is scored live against net premium, relative volume, momentum and the biggest sweep of the day.
See the dealer-positioning side too: SMH gamma exposure — flip, walls & max pain →
Posting the link is enough — X, Discord and Slack render the live data card automatically.
Based on the latest session, SMH flow is leaning bearish — calls are 33% of total options volume, a 0.49× call/put ratio. Flow lean is a positioning signal, not a guarantee of direction.
SMH's call/put ratio is currently 0.49× — 15K call contracts versus 30K put contracts. Above 1 means more call than put volume (often bullish); below 1 means puts dominate.
The most-active SMH contract in the latest snapshot is the $490 PUT expiring 2026-11-02, trading 4K contracts.
Unusual options activity in SMH means volume well above normal — especially large blocks or sweeps bought at the ask. Those aggressive, urgent prints carry the most signal, and they're exactly what the AlgoX conviction desk flags in real time.
The full conviction board ranks SMH and the whole tape in real time — with the exact contract the smart money is buying. Top flow is free to watch in the Discord.
Data via Polygon · refreshes through the session · educational, not financial advice · options carry substantial risk.
