What does the SMH options chain show right now?

As of May 15, 2026, VanEck Semiconductor ETF (SMH) has 2.1M contracts outstanding and 510.6K traded today, with ATM IV of 47.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for SMH options?

The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are SMH options bid/ask spreads?

Average bid/ask spread across the chain is 21.14%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.

VanEck Semiconductor ETF (SMH) Options Chain

The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.

VanEck Semiconductor ETF (SMH) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $64.28B, listed on NASDAQ, carrying a beta of 1.82 to the broader market. VanEck Semiconductor ETF (SMH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index (MVSMHTR), which is intended to track the overall performance of companies involved in semiconductor production and equipment. public since 2000-06-05.

Snapshot as of May 15, 2026.

Spot Price: $559.07
Total OI: 2.1M
Total Volume: 510.6K
Front Expiration: 28 days
Second Expiration: 34 days
ATM IV: 47.3%
Avg Bid/Ask Spread: 21.14%

As of May 15, 2026, VanEck Semiconductor ETF (SMH) has 2.1M open contracts and 510.6K contracts traded. The nearest expiration is 28 days out, followed by 34 days. ATM implied volatility is 47.3%. Average bid/ask spread across the chain is 21.14%: 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 SMH options chain Data Feeds Strategy Selection

Strategy selection on VanEck Semiconductor 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 47.3% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. 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.

Learn how the options chain is reported and how to read the data →

SMH most-active contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
PUT	$500.00	May 22, 2026	208.0K	2.9K	65.0%	$2.48	$2.60
PUT	$380.00	May 22, 2026	62.9K	265	96.6%	$0.10	$0.15

Top 2 contracts from the ORATS-sourced nightly scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.

Frequently asked SMH options chain questions

What does the SMH options chain show right now?: As of May 15, 2026, VanEck Semiconductor ETF (SMH) has 2.1M contracts outstanding and 510.6K traded today, with ATM IV of 47.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for SMH options?: The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are SMH options bid/ask spreads?: Average bid/ask spread across the chain is 21.14%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.