SMTCSemtech Corp
Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES
Market Cap $14.2B|NASDAQ
● 2026-05-29$152.54
BULLISH
Analysis: 2026-05-28 EOD data
1Y +308.6%YTD +102.7%7D -2.7%
Options Vol
7,700
30D
Implied Move
±29.3%
IV Rank
81%
SMTC Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
1.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 93.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.52x — IV premium over HV
Sector Relative≤50%
Sector percentile 84% — above sector median
Term Structure
<1.1xFront/Back 0.99x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 100.3% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 113.6% (ATM 100.3% + spread 6.7% + bias) — expensive
Execution Efficiency
<3.0%Total drag 9.33% (spread 6.67% + slippage 2.66%) — high friction
Vega Efficiency
≥5.0Vega efficiency 23.54 (vega 15.702 / spread 6.67%) — efficient
Sentiment
Bullish or bearish?
6.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: +10%, Raw: +3%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +10% (neutral) — Raw: +3%
OI Skew Magnitude
≥15%|OI skew| 39.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +70.5%, OI skew +39.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +6%, ATM: +49%, OTM: -12% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 33% — bullish vs sector
Activity
Unusual activity?
5.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.3x avg — normal
Turnover Rate
≥15%Vol/OI 8.2% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +45.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 71% — active vs sector
Trade Quality
≥30%Large trade volume 40% — institutional presence
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +10 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 6.7% — wide
Adequate OI
≥10,000OI 94,004 — deep
Active Volume
≥500Volume 7,700/day — active
Reasonable Cost
≤$0.50$0.33 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 91% — much wider than sector
Order Book Depth
≥100 contractsDepth 45.5 contracts (bid:24.0 ask:21.5) — thin
Execution Quality
<1.0%Avg slippage 2.66% — poor
Timing
Is now a good time?
7.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -1.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 94% — seller opportunity
Event Detection
≥10pts kinkIV kink 0.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 39.91 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 70 (ITM 20% + inst 40%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.8
bullishIV expensive, bullish flow
Long Puts3.5
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put7.3
bullishIV rich premium, bullish flow
Covered Call5.6
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.