GEX today › SMH
SMH gamma flip today
As of the November 4, 2026 close, the SMH gamma flip is 537.14. SMH closed at 501.25, 6.68% below the flip, so dealers are short gamma (net dealer gamma -0.67bn per 1% move). Call wall 532.50, put wall 500.
Short gamma tends to amplify moves: dealers buy rallies and sell dips. VanEck Semiconductor ETF (SMH) dealer gamma from FinzData, point in time, updated after each close.
SMH gamma levels, last 20 sessions
| Date | Close | Gamma flip | Call wall | Put wall | Net GEX ($bn per 1%) |
|---|---|---|---|---|---|
| 2026-11-04 | 501.25 | 537.14 | 532.50 | 500 | -0.67 |
| 2026-11-03 | 519.65 | 544.36 | 550 | 500 | -0.37 |
| 2026-10-30 | 518.45 | 552.38 | 625 | 500 | -0.35 |
| 2026-10-29 | 558.70 | 561.48 | 625 | 555 | -0.09 |
| 2026-10-28 | 566.19 | 561.57 | 625 | 555 | 0.14 |
| 2026-10-27 | 559.57 | 560.02 | 625 | 555 | -0.00 |
| 2026-10-26 | 544.24 | 562.03 | 625 | 530 | -0.32 |
| 2026-10-23 | 526.90 | 560.35 | 625 | 505 | -0.48 |
| 2026-10-22 | 521.25 | 568.55 | 625 | 500 | -0.83 |
| 2026-10-21 | 556.97 | 591.80 | 570 | 530 | -0.60 |
| 2026-10-20 | 548.62 | 598.92 | 550 | 530 | -0.74 |
| 2026-10-19 | 552.08 | 606.36 | 600 | 530 | -0.66 |
| 2026-10-16 | 540.22 | 550 | 530 | -0.81 | |
| 2026-10-15 | 559.35 | 607.23 | 560 | 550 | -0.93 |
| 2026-10-14 | 566.64 | 605.71 | 600 | 550 | -0.77 |
| 2026-10-13 | 586.53 | 613.27 | 600 | 575 | -0.60 |
| 2026-10-12 | 591.26 | 613.17 | 600 | 590 | -0.52 |
| 2026-10-09 | 602.28 | 614.68 | 615 | 600 | -0.23 |
| 2026-10-08 | 604.01 | 617.29 | 615 | 600 | -0.25 |
| 2026-10-07 | 624.56 | 610.04 | 625 | 600 | 0.24 |
Questions
What is the SMH gamma flip today?
As of the November 4, 2026 close, the SMH gamma flip is 537.14. SMH closed at 501.25, 6.68% below the flip, so dealers are short gamma (net dealer gamma -0.67bn per 1% move). Call wall 532.50, put wall 500.
Is SMH in positive or negative gamma?
On November 4, 2026, dealers are short gamma in SMH. Short gamma tends to amplify moves: dealers buy rallies and sell dips.
Where does this data come from?
FinzData computes dealer gamma exposure from end-of-day options chains for every listed strike, point in time: each row only uses what was known at that session's close. History goes back to 2010.
How can I get SMH gamma history?
Free: the last 30 days with a free API key (just an email). Full history for SMH starts at $29 for 5 years, or ask any AI assistant connected to FinzData's MCP server.
Get the data
- Every ticker today: GEX levels today
- Free key (last 30 days, just an email): finzdata.com/agents
- SMH history since 2010: finzdata.com/shop
- Ask Claude or ChatGPT directly: connect FinzData, then ask "Using FinzData, show SMH dealer gamma for the last month."
Analysis, not investment advice. Source: FinzData, end-of-day options chains.