First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) operates in the Financial Services sector, specifically the Asset Management - Income industry, with a market capitalization near $10.73B, listed on NASDAQ, carrying a beta of 1.02 to the broader market. The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is designed to mirror the overall performance—both market value and income, before any fund fees and expenses—of a specific benchmark: the Nasdaq US Small Mid Cap Rising Dividend Achievers Index. public since 2017-11-03.
Snapshot as of Oct 13, 2026.
- Spot Price
- $41.39
- Total OI
- 14
- Total Volume
- 50
- Front Expiration
- 38 days
- Second Expiration
- 94 days
- ATM IV
- 59.2%
- Avg Bid/Ask Spread
- 65.69%
As of Oct 13, 2026, First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) has 14 open contracts and 50 contracts traded. The nearest expiration is 38 days out, followed by 94 days. ATM implied volatility is 59.2%. Average bid/ask spread across the chain is 65.69%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How SDVY options chain Data Feeds Strategy Selection
Strategy selection on First Trust SMID Cap Rising Dividend Achievers ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 59.2% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the SDVY chain depth
The listed-expirations table below shows every expiration available for First Trust SMID Cap Rising Dividend Achievers ETF options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. SDVY front expiration sits at 38 days - the typical hedging horizon for monthly options. The backwardated slope of -0.286 means near-dated IV is pricing acute event risk.
SDVY chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the SDVY chain is 65.69% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the SDVY chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. SDVY's current 16.97% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
SDVY listed expirations
Per-expiration ATM implied volatility for SDVY options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 16, 2026 | 3 | 59.2% |
| Nov 20, 2026 | 38 | 48.6% |
| Jan 15, 2027 | 94 | 20.0% |
| Apr 16, 2027 | 185 | 25.9% |
Frequently asked SDVY options chain questions
- What does the SDVY options chain show right now?
- As of Oct 13, 2026, First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) has 14 contracts outstanding and 50 traded today, with ATM IV of 59.2%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for SDVY options?
- The nearest expiration is 38 days out, followed by 94 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are SDVY options bid/ask spreads?
- Average bid/ask spread across the chain is 65.69%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.