VanEck Semiconductor ETF (SMH)
NASDAQ: SMH
· Real-Time Price · USD
333.69
7.33 (2.25%)
At close: Oct 01, 2025, 3:59 PM
339.01
1.59%
Pre-market: Oct 02, 2025, 08:31 AM EDT
SMH Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SMH across all expirations is -799,290.84 shares per 1% move, with 403,245.72 from calls and 1,202,536.56 from puts. The put-call GEX ratio of 2.98 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 3, 25 | 56,592.74 | -166,055.02 | -109,462.28 | 2.93 |
| Oct 10, 25 | 14,150.12 | -199,636.94 | -185,486.82 | 14.11 |
| Oct 17, 25 | 82,431.94 | -234,905.28 | -152,473.34 | 2.85 |
| Oct 24, 25 | 2,441.84 | -8,714.05 | -6,272.21 | 3.57 |
| Oct 31, 25 | 9,043.02 | -117,955.55 | -108,912.53 | 13.04 |
| Nov 7, 25 | 682.61 | -12,669.41 | -11,986.8 | 18.56 |
| Nov 21, 25 | 31,702.68 | -98,433.49 | -66,730.81 | 3.10 |
| Dec 19, 25 | 62,107.48 | -86,201.83 | -24,094.35 | 1.39 |
| Jan 16, 26 | 92,359.37 | -135,195.8 | -42,836.43 | 1.46 |
| Feb 20, 26 | 5,174.67 | -18,132.87 | -12,958.2 | 3.50 |
| Mar 20, 26 | 13,502.07 | -69,517.75 | -56,015.68 | 5.15 |
| May 15, 26 | 374.92 | -716.78 | -341.86 | 1.91 |
| Jun 18, 26 | 12,042.6 | -25,935.09 | -13,892.49 | 2.15 |
| Sep 18, 26 | 2,864.46 | -4,959.48 | -2,095.02 | 1.73 |
| Dec 18, 26 | 10,132.04 | -11,071.08 | -939.04 | 1.09 |
| Jan 15, 27 | 4,044.09 | -7,837.45 | -3,793.36 | 1.94 |
| Jun 17, 27 | 977.89 | -868.56 | 109.33 | 0.89 |
| Dec 17, 27 | 2,440.09 | -3,325.79 | -885.7 | 1.36 |
| Jan 21, 28 | 181.09 | -404.34 | -223.25 | 2.23 |