SMH options flow

From the October 21, 2026 session tape · published after the close

SMH options traded $39.4M in premium across 1,441 prints on October 21, 2026: 49% in calls and 51% in puts, with 0% in contracts expiring that day. That was 38% of its average session over the prior 19.

$39.4M
Premium
49% / 51%
Calls / puts
0%
Same-day expiry
38%
vs average
19 sessions

SMH largest options trades, October 21, 2026

TimeContractSizePricePremium
15:23595C Oct 305,000$2.30$1.1M
16:02580C Oct 302,235$5.08$1.1M
11:21530P Nov 13772$11.03$852K
11:34570C Nov 4821$10.12$831K
16:02585C Oct 301,972$3.92$773K
11:21580C Nov 13752$10.10$760K
15:41595C Oct 303,251$2.15$699K
12:55557.5P Oct 30443$14.85$658K
11:21530P Nov 4761$7.94$604K
12:02557.5C Oct 30420$13.50$567K
10:26575C Oct 301,003$5.53$555K
10:12525P Oct 301,004$5.25$527K
11:48570C Nov 4510$9.79$499K
13:36607.5P Oct 30100$48.95$490K
11:21580C Nov 4751$6.49$487K

The largest single SMH print was a 595 call expiring Oct 30 for $1.1M at 15:23 ET.

The busiest strikes by premium were 570 calls ($3.0M), 580 calls ($2.7M), 560 calls ($2.3M), 530 puts ($2.0M).

Last 20 sessions of SMH premium, calls vs puts: Oct 15 $1.1B (4% calls) · Oct 16 $140M (27% calls) · Oct 19 $76.2M (38% calls) · Oct 20 $37.5M (49% calls) · Oct 21 $39.4M (49% calls).

A large print is a trade, not a verdict: it can be a hedge, a close, or one leg of a spread. Read it next to where dealers are positioned, on the other SMH pages.

These are the October 20, 2026 closing numbers. Members see SMH's map move live all session.

Common questions

What was SMH's unusual options activity on October 21, 2026?

$39.4M in premium across 1,441 prints, 49% calls. The largest print was a 595 call for $1.1M.

Is SMH options flow bullish or bearish?

49% of premium was in calls. Premium alone does not show direction: buyers and sellers, hedges and spreads all print the same way.

Is this SMH options flow live?

No. This page shows the last completed session, published after the close. Members see the flow as it prints.

Compare: options flow on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.