SMH gamma max, delta neutral & open interest levels
As of close · rank #62 by open interest · 1,379 sessions of history since Dec 1, 2020
SMH closed 8.0% below its gamma max of 614.27. It is 1.3% above the delta neutral price of 561.16. Total open interest is 1,760,910, -8.4% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 0% |
| Gamma max crosses | 0 |
| Delta neutral crosses | 30 |
| Open interest percentile (1y) | 68th |
| Open interest change, 5 sessions | -6.7% |
| Open interest change, 21 sessions | -21.3% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed above delta neutral at 567.01 vs 559.24 (+1.4%)
- closed below delta neutral at 556.63 vs 556.68 (-0.0%)
- closed above delta neutral at 555.82 vs 553.80 (+0.4%)
- closed below delta neutral at 546.80 vs 556.72 (-1.8%)
- closed above delta neutral at 560.42 vs 559.36 (+0.2%)
- closed below delta neutral at 560.92 vs 562.27 (-0.2%)
- closed above delta neutral at 575.71 vs 551.94 (+4.1%)
- closed below delta neutral at 580.17 vs 585.08 (-0.8%)
- closed above delta neutral at 586.91 vs 586.80 (+0.0%)
- closed below delta neutral at 585.62 vs 595.38 (-1.7%)
In today's screens
Neighbours by open interest
Questions people ask about SMH
Where is SMH's gamma max today?
As of Sep 11, 2026, the gamma max for SMH is 614.27, +8.0% from the 568.53 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is SMH above or below its delta neutral price?
SMH closed above delta neutral: 568.53 against a delta neutral price of 561.16. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does SMH have?
1,760,910 contracts of open interest across 4,574 listed contracts on Sep 11, 2026, -8.4% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.