3.83K calls and 1.11K puts traded on Nov 4, 2026, 4.94K contracts in total. Open interest was 57.18K contracts. Over the past 30 days, volume averaged 1.13K contracts per day. The SM option volume chart shows volume by strike and expiration date.

SM Energy IV rank is 6, so its 30-day implied volatility of 52.0% is near the bottom of its one-year range. Over the past year it ranged from 43.0% on Dec 29, 2025 to 192.1% on Jul 17, 2026. See the SM implied volatility history for a longer view.

The SM Energy put/call volume ratio was 0.29 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.44. The SM open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for SM Energy options about one week from expiration was $35.09, 12.9% above the $31.09 close. The SM max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 53.1%, options price a move of about ±$2.29 (±7.4%) over the next week, a range of roughly $28.80 to $33.38 from the Nov 4, 2026 close. The SM expected move chart shows it for every expiration date.