VanEck Semiconductor ETF (SMH)
NASDAQ: SMH
· Real-Time Price · USD
345.35
8.67 (2.58%)
At close: Oct 06, 2025, 2:46 PM
SMH Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SMH across all expirations is -2,518,661.82 shares per 1% move, with 396,739.51 from calls and 2,915,401.33 from puts. The put-call GEX ratio of 7.35 indicates heavy put positioning, suggesting market makers may need to buy shares on declines (supportive) and sell on rallies (resistance).
SMH GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Oct 10, 25 | 28,588.54 | -1,987,345.57 | -1,958,757.03 | 69.52 |
| Oct 17, 25 | 85,219.27 | -249,152.89 | -163,933.62 | 2.92 |
| Oct 24, 25 | 3,131.95 | -13,159.74 | -10,027.79 | 4.20 |
| Oct 31, 25 | 9,402.74 | -97,856.79 | -88,454.05 | 10.41 |
| Nov 7, 25 | 966.66 | -17,114.46 | -16,147.8 | 17.70 |
| Nov 14, 25 | 41.2 | -266.83 | -225.63 | 6.48 |
| Nov 21, 25 | 32,188.16 | -107,688.46 | -75,500.3 | 3.35 |
| Dec 19, 25 | 59,153.07 | -131,179.05 | -72,025.98 | 2.22 |
| Jan 16, 26 | 91,523.2 | -161,763.28 | -70,240.08 | 1.77 |
| Feb 20, 26 | 5,476.8 | -20,941.02 | -15,464.22 | 3.82 |
| Mar 20, 26 | 47,875.03 | -71,844.33 | -23,969.3 | 1.50 |
| May 15, 26 | 776.14 | -876.62 | -100.48 | 1.13 |
| Jun 18, 26 | 12,415.7 | -26,414.35 | -13,998.65 | 2.13 |
| Sep 18, 26 | 2,785 | -5,543.06 | -2,758.06 | 1.99 |
| Dec 18, 26 | 9,648.14 | -11,228.37 | -1,580.23 | 1.16 |
| Jan 15, 27 | 3,993 | -8,338.14 | -4,345.14 | 2.09 |
| Jun 17, 27 | 1,027.1 | -894.11 | 132.99 | 0.87 |
| Dec 17, 27 | 2,343.91 | -3,369.9 | -1,025.99 | 1.44 |
| Jan 21, 28 | 183.9 | -424.36 | -240.46 | 2.31 |