SMH Implied Volatility
SMH $544.86 · Updated Oct 26, 4:00 PM ET
SMH at-the-money implied volatility is 44.2% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 38.0%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 28, 2026 | 2 | 545 | 44.2% |
| Oct 30, 2026 | 4 | 545 | 44.6% |
| Nov 2, 2026 | 7 | 545 | 38.0% |
| Nov 4, 2026 | 9 | 545 | 40.4% |
| Nov 6, 2026 | 11 | 545 | 41.2% |
| Nov 9, 2026 | 14 | 545 | 39.0% |
| Nov 13, 2026 | 18 | 545 | 39.7% |
| Nov 20, 2026 | 25 | 545 | 39.8% |
| Nov 27, 2026 | 32 | 545 | 38.0% |
| Dec 4, 2026 | 39 | 545 | 37.9% |
| Dec 18, 2026 | 53 | 545 | 37.4% |
| Jan 15, 2027 | 81 | 545 | 37.1% |
SKEW, OCT 28, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 525 | 43.2% | 49.6% |
| 527.5 | 43.8% | 48.7% |
| 530 | 45.5% | 49.0% |
| 532.5 | 43.1% | 46.8% |
| 535 | 40.7% | 48.9% |
| 537.5 | 42.9% | 46.2% |
| 540 | 40.1% | 42.5% |
| 542.5 | 42.7% | 43.7% |
| 545 | 42.5% | 45.8% |
| 547.5 | 40.0% | 47.1% |
| 550 | 42.4% | 45.3% |
| 552.5 | 42.9% | 47.0% |
| 555 | 40.6% | 47.5% |
| 557.5 | 40.8% | 44.4% |
| 560 | 42.1% | 45.8% |
| 562.5 | 40.2% | 46.0% |
| 565 | 42.1% | 48.5% |
How this is calculated: Implied Volatility methodology