SM Unusual Option Activity
SM Energy Company (SM) option volume on Nov 4, 2026 was 8.6% of open interest, well above the 20-day average of 1.7%. Calls made up 77.5% of the volume. Relative to open interest, that was SM's most active day in 4 weeks.
SM Unusual Options FAQ
What makes option activity unusual?
Option activity is usually called unusual when a contract trades much more volume than its open interest, which can mean traders are opening new positions.
Is SM seeing unusual options activity?
On Nov 4, 2026, SM Energy options traded 4.94K contracts against 57.18K open, a volume to open interest ratio of 0.09, well above its 20-day average. The table above lists the contracts with the highest ratios.
Are SM traders trading more calls or puts?
Calls made up 77.5% of SM Energy option volume on Nov 4, 2026, a put/call ratio of 0.29, so calls outnumber puts. The SM option volume chart shows calls and puts by strike.
What is SM Energy Company?
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah.