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VanEck Semiconductor ETF SMH 598.9 25.9 4.52% Regime: Trend Up (93%)

SMH Delta Exposure (DEX)

SMH (VanEck Semiconductor ETF): Compare call and put delta exposure by strike to understand directional positioning. Free delayed preview.

Previous-day view · Mon Sep 21 close. You are previewing the previous trading day. Subscribe to see today live and every other date — plans start at Delta, $39/mo. Sign up Sign in
ATM IV
0.341
Put Call Ratio (OI)
1.56
Put Call Ratio (Vol)
1.22
IV Rank
40.5
IV Percentile
18.3
Max Pain
560

Delta exposure (2026-09-21)

Delta approximates how many cents the option moves for a $1 move in the underlying.

A 0.50 call gains ~$0.50 if the stock goes up $1. Delta also approximates the option's probability of finishing in the money.

DTE \text{DTE}
0.0
851.0
| Δ | |\Delta|
0.00
1.00
Moneyness Moneyness
-495.4
495.4
View values by strike
SMH · Delta exposure · 2026-09-21. Delta-weighted share equivalents.
StrikeCallsPuts
100.00 12.2 K -209
105.00 11.2 K -278
110.00 4.78 K -103
115.00 15.4 K -286
120.00 28.1 K -261
125.00 9.64 K -82.5
130.00 11 K -109
135.00 10.7 K -111
140.00 15 K -309
145.00 9.61 K -1.29 K
150.00 12.1 K -404
155.00 13.7 K -123
160.00 18.7 K -2.74 K
165.00 7.23 K -244
170.00 9.62 K -171
175.00 5.94 K -788
180.00 8.61 K -3.66 K
185.00 17 K -829
190.00 71.5 K -1.9 K
193.00 7.67 K -170
194.00 895 -32
195.00 37.4 K -907
196.00 1.49 K -87.3
197.00 199 -46.4
198.00 2.29 K -34.1
199.00 2.88 K -12.5
200.00 93.6 K -3.1 K
205.00 14.2 K -550
210.00 29.7 K -2.45 K
215.00 20.7 K -821
220.00 306 K -1.82 K
225.00 29.6 K -727
230.00 66.5 K -1.94 K
235.00 16 K -1.66 K
240.00 65.3 K -1.04 K
245.00 34.6 K -1.09 K
250.00 150 K -6.89 K
255.00 26 K -2.21 K
260.00 71 K -8.31 K
265.00 31.4 K -3.01 K
270.00 72.2 K -6.11 K
275.00 52.8 K -1.99 K
280.00 140 K -6.94 K
285.00 42.6 K -4.2 K
290.00 280 K -5.97 K
295.00 30.4 K -3.85 K
300.00 205 K -31.5 K
305.00 63.3 K -2.68 K
310.00 39.8 K -5.72 K
315.00 20.8 K -6.68 K
320.00 207 K -18.9 K
325.00 22.2 K -3.53 K
330.00 76.9 K -5.73 K
335.00 46.3 K -6.2 K
340.00 118 K -20.3 K
345.00 79.1 K -5.92 K
350.00 196 K -24.1 K
355.00 43.6 K -9.37 K
360.00 152 K -12.2 K
365.00 60 K -5.68 K
370.00 144 K -20.6 K
375.00 43.9 K -16.8 K
380.00 116 K -41.5 K
385.00 58.8 K -12.4 K
390.00 101 K -25.9 K
395.00 77 K -8.25 K
400.00 958 K -200 K
405.00 53.7 K -11 K
410.00 150 K -18.1 K
415.00 39.6 K -14.3 K
420.00 231 K -42.2 K
425.00 44.2 K -25.1 K
430.00 104 K -39.8 K
435.00 69.8 K -16.2 K
440.00 111 K -66.3 K
445.00 192 K -16.5 K
450.00 210 K -233 K
455.00 35.6 K -31.5 K
460.00 161 K -82.2 K
465.00 54 K -26 K
470.00 203 K -110 K
472.50 0 -12.4
475.00 98.8 K -80.4 K
477.50 0 -8.63
480.00 146 K -146 K
482.50 0 -17.5
485.00 74.3 K -45.3 K
487.50 0 -13.1
490.00 100 K -124 K
492.50 292 -72.6
495.00 95.2 K -71.3 K
497.50 583 -1.92 K
500.00 478 K -610 K
502.50 1.37 K -76.8
505.00 89 K -53.2 K
507.50 481 -576
510.00 183 K -108 K
512.50 192 -213
515.00 104 K -69.2 K
517.50 1.85 K -6.83 K
520.00 127 K -322 K
522.50 10.7 K -1.11 K
525.00 549 K -361 K
527.50 5.24 K -7.22 K
530.00 135 K -393 K
532.50 8.05 K -7.12 K
535.00 122 K -318 K
537.50 7.4 K -15.4 K
540.00 168 K -462 K
542.50 24.6 K -23 K
545.00 155 K -219 K
547.50 17.7 K -8.11 K
550.00 723 K -635 K
552.50 126 K -7.93 K
555.00 310 K -136 K
557.50 41 K -10.6 K
560.00 1.13 M -343 K
562.50 305 K -7.14 K
565.00 690 K -211 K
567.50 123 K -21.5 K
570.00 924 K -257 K
572.50 511 K -2.58 K
575.00 1.02 M -134 K
577.50 184 K -2.64 K
580.00 808 K -382 K
582.50 91.2 K -2.46 K
585.00 701 K -117 K
587.50 49.3 K -940
590.00 690 K -111 K
592.50 30.2 K -888
595.00 335 K -77.1 K
597.50 47.6 K -1.49 K
600.00 1.66 M -624 K
602.50 16.3 K -1.97 K
605.00 272 K -44.5 K
607.50 9.79 K -265
610.00 326 K -65 K
612.50 4.97 K -204
615.00 726 K -79.4 K
617.50 325 0
620.00 596 K -65.5 K
622.50 711 0
625.00 593 K -241 K
627.50 842 0
630.00 219 K -1.31 M
632.50 53.5 0
635.00 149 K -37.8 K
637.50 345 0
640.00 179 K -46.4 K
642.50 14.9 0
645.00 149 K -18.4 K
650.00 838 K -101 K
652.50 1.09 0
655.00 80 K -20.5 K
657.50 1.9 0
660.00 244 K -31 K
662.50 4.38 0
665.00 51.4 K -17.8 K
670.00 141 K -82 K
675.00 143 K -22.8 K
680.00 98.1 K -39.5 K
685.00 37.8 K -9.68 K
690.00 37.3 K -9.06 K
695.00 55 K -12.7 K
700.00 486 K -13.6 K
705.00 25.4 K -10.1 K
710.00 57.2 K -28.5 K
715.00 27.8 K -6.87 K
720.00 39.2 K -19.8 K
725.00 36.4 K -6.55 K
730.00 131 K -3.14 K
735.00 17.1 K -1.9 K
740.00 19.6 K -3.29 K
745.00 20.4 K -2.67 K
750.00 426 K -34.9 K
755.00 30.3 K -1.81 K
760.00 83.6 K -21.4 K
765.00 31.4 K -1.49 K
770.00 85 K -2.11 K
775.00 17.5 K -1.81 K
780.00 34.6 K -21.2 K
785.00 12.1 K -4.33 K
790.00 13 K -1.46 K
795.00 10.2 K -4.04 K
800.00 190 K -53.4 K
805.00 23.4 K -1.05 K
810.00 35.4 K -931
815.00 19.8 K -592
820.00 14.1 K -868
825.00 4.76 K -1.05 K
830.00 9.21 K -359
835.00 5.93 K -538
840.00 14.2 K -636
845.00 3.99 K -220
850.00 27.8 K -1.04 K
855.00 5.57 K -533
860.00 20.4 K -3.55 K
865.00 5.85 K -1.12 K
870.00 4.77 K -1.33 K
875.00 6.33 K -997
880.00 5.29 K -396
885.00 5.35 K -160
890.00 9.69 K -1.83 K
895.00 3.11 K -252
900.00 14.4 K -6.23 K
905.00 2.55 K -754
910.00 15.9 K -6.36 K
915.00 1.74 K -834
920.00 3.25 K -346
925.00 7.27 K -918
930.00 8.46 K -352
935.00 4.29 K -859
940.00 17.8 K -269
945.00 6.75 K 0
950.00 24.7 K -1.32 K
955.00 5.27 K -613
960.00 12.1 K 0
965.00 6.32 K -268
970.00 10.9 K -722
975.00 16.9 K -182
980.00 40.9 K -2.55 K