(SMH)
NASDAQ: SMH
· Real-Time Price · USD
304.32
0.39 (0.13%)
At close: Sep 12, 2025, 3:59 PM
304.54
0.07%
After-hours: Sep 12, 2025, 07:52 PM EDT
SMH Delta Exposure By Expiry
The total Delta Exposure (DEX) for SMH across all expirations shows 49,282,440.7 net shares that market makers must hedge, with 67,348,114.56 from calls and 18,065,673.86 from puts. The put-call delta ratio of 0.27 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
SMH DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 21,565,658.39 | -2,696,591.25 | 18,869,067.14 | 0.13 |
| Sep 26, 25 | 507,121.08 | -417,523.69 | 89,597.39 | 0.82 |
| Oct 3, 25 | 275,976.69 | -256,561.02 | 19,415.67 | 0.93 |
| Oct 10, 25 | 146,787.17 | -156,530.76 | -9,743.59 | 1.07 |
| Oct 17, 25 | 7,235,762.74 | -2,106,249.01 | 5,129,513.73 | 0.29 |
| Oct 24, 25 | 30,020.51 | -47,911.29 | -17,890.78 | 1.60 |
| Oct 31, 25 | 4,773.41 | -5,051.81 | -278.4 | 1.06 |
| Nov 21, 25 | 3,906,821.2 | -1,422,148.79 | 2,484,672.41 | 0.36 |
| Dec 19, 25 | 9,036,338.98 | -1,607,521.13 | 7,428,817.85 | 0.18 |
| Jan 16, 26 | 14,473,868.64 | -3,838,724.91 | 10,635,143.73 | 0.27 |
| Feb 20, 26 | 336,528.06 | -174,454.47 | 162,073.59 | 0.52 |
| Mar 20, 26 | 1,067,490.47 | -2,017,537.69 | -950,047.22 | 1.89 |
| May 15, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 2,723,024.26 | -1,480,405.74 | 1,242,618.52 | 0.54 |
| Sep 18, 26 | 775,017.68 | -208,864.27 | 566,153.41 | 0.27 |
| Dec 18, 26 | 2,904,531.99 | -799,618.21 | 2,104,913.78 | 0.28 |
| Jan 15, 27 | 1,304,373.21 | -471,725.29 | 832,647.92 | 0.36 |
| Jun 17, 27 | 236,536.32 | -47,138.76 | 189,397.56 | 0.20 |
| Dec 17, 27 | 817,483.76 | -311,115.77 | 506,367.99 | 0.38 |