Industrials

NuScale Power Corporation (SMR) options and signal

Figures as of 28 Sep 2026

SMR is NuScale Power Corporation, an Industrials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	14 of 100	28 Sep
At the money IV	71.6%	28 Sep
Priced move to 30 Oct	20.5% down, 22.4% up	28 Sep
Call wall and put wall	10 and 8	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	7.91	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

SMR's IV rank is 14 of 100 on 28 Sep 2026.

Figure	Value
IV rank	14 of 100
At the money IV	71.6%, near month, 32 days
Put/call ratio, open interest	0.91
Call open interest, strikes captured near the price	141,000 contracts
Put open interest, strikes captured near the price	129,000 contracts
Cost to trade at the money	Tight, 9.4% of the option's mid price

IV rank is where the at the money IV sits among SMR's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, SMR options priced a move of 20.5 percent down and 22.4 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	7.2%	8.5%	7.34 to 8.58
9 Oct 2026	11	11.2%	13.0%	7.03 to 8.94
16 Oct 2026	18	15.2%	16.8%	6.71 to 9.24
30 Oct 2026	32	20.5%	22.4%	6.29 to 9.68
6 Nov 2026	39	24.9%	28.2%	5.94 to 10.14
20 Nov 2026	53	30.6%	30.6%	5.49 to 10.33
19 Feb 2027	144	51.5%	51.5%	3.84 to 11.98

The range is one standard deviation either side of the close of 7.91, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, SMR's call wall is the 10 strike and its put wall is the 8 strike.

Figure	Value
Call wall, most open call gamma	10
Put wall, most open put gamma	8
Net dollar gamma, calls minus puts	minus $185,255
Total dollar gamma, both sides	$2.2 million
Close	7.91

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 2 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, SMR's at the money IV is 71.6 percent against 20 day realized volatility of 102.2 percent.

Figure	Value
At the money IV	71.6%
Realized volatility, 20 trading days	102.2%
Realized volatility, 60 trading days	91.4%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	201, from 3 Jun 2022
Weeks the price moved more than the one week priced move	25.0% of 200 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, SMR's at the money IV runs from 72.1 percent at 4 days to 81.9 percent at 144 days.

Days to expiry	At the money IV
4	72.1%
11	67.8%
18	71.4%
25	71.7%
32	71.6%
39	75.8%
53	80.2%
144	81.9%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, SMR's IV ten percent below the price sits 3.8 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	67.8%	-3.8 points
At the money	71.6%	0.0 points
10% above the price	72.5%	+0.9 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, SMR's surface spans 9 expiries out to 144 days, with IV from 65.8 to 82.4 percent near the price.

Figure	Value
Expiries captured	9
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	18
Lowest IV among them	65.8%
Highest IV among them	82.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, SMR has 9 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	72.1%	8,130	9,206
9 Oct 2026	11	67.8%	6,031	3,607
16 Oct 2026	18	71.4%	18,070	36,540
23 Oct 2026	25	71.7%	8,596	4,053
30 Oct 2026	32	71.6%	3,408	3,367
6 Nov 2026	39	75.8%	32	642
20 Nov 2026	53	80.2%	30,303	31,672
15 Jan 2027	109	78.6%	61,661	35,572
19 Feb 2027	144	81.9%	4,358	4,208

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, SMR's largest open interest sits at the 11 strike, with 49,028 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
11	22,865	26,163	49,028
10	25,527	12,209	37,736
8	7,922	23,692	31,614
9	14,006	11,932	25,938
15	20,749	3,293	24,042
12	20,061	3,838	23,899

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, SMR's at the money IV moved from 73.8 percent to 71.6 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	73.8%	71.6%	-2.3 points
Open interest, strikes captured near the price	278,308	269,456	-8,852
Put/call ratio, open interest	0.83	0.92	+0.09

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 41,342 SMR option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	24,765
Puts traded	16,577
Against its recent average	1.0 times
Busier than	10 of its last 20 trading days
Open interest, whole chain	444,717 contracts
Volume to open interest	0.09
Unusual volume flag	Yes, 3 contracts traded well above open interest
Largest flagged contract	The 7.5 put expiring 16 Oct, 605 traded against 179 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of SMR's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	9.89	$440,911	10	9
21 Sep 2026	8.79	$49,027	10	8
28 Sep 2026	7.91	minus $185,255	10	8

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of SMR was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	8.04, the swing high of 16 Sep 2026
Level below the close	7.21, the swing low of 17 Jul 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Bull call spread (buy a call spread)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 SMR sat at the 78th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	51 of 100	Neutral
20 trading days	30 of 100	Neutral
45 trading days	78 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 SMR's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 SMR had carried no signal for 8 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	78 of 100
24 Sep 2026	None	64 of 100
23 Sep 2026	None	40 of 100
22 Sep 2026	None	24 of 100
21 Sep 2026	None	63 of 100
18 Sep 2026	None	78 of 100
17 Sep 2026	None	85 of 100
16 Sep 2026	None	74 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

SMR closed at 7.91 on 28 Sep 2026.

Figure	Value
Last close	7.91
Change over 5 trading days	-10.0%
Change over 21 trading days	-18.8%
Change over 63 trading days	-22.9%
Change over 252 trading days	-79.0%
52 week high	57.42
52 week low	7.21
20 day moving average	9.10
50 day moving average	9.07
200 day moving average	12.18
RSI, 14 days	40

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

SMR reports next on 5 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	5 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 5 Aug 2026	+1.0%
Move after the report of 30 Apr 2026	-2.6%
Move after the report of 28 Jan 2026	-7.6%
Move after the report of 12 May 2025	+21.6%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 4 Septembers on record, SMR's average change was plus 3.0 percent, and it rose in 50.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+3.0%	-5.5%	50.0%	4
October	+13.9%	+10.6%	50.0%	4
November	-5.5%	-10.7%	25.0%	4

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming SMR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is SMR's IV rank?: SMR's IV rank is 14 of 100 on 28 Sep 2026.
What move are SMR options pricing?: On 28 Sep 2026, SMR options priced a move of 20.5 percent down and 22.4 percent up by 30 Oct 2026.
Where are SMR's call wall and put wall?: On 28 Sep 2026, SMR's call wall is the 10 strike and its put wall is the 8 strike.
What was the desk's latest view of SMR on the Free plan?: On 25 Sep 2026 the desk's view of SMR was bullish, paper trading.
When does SMR report earnings next?: SMR reports next on 5 Nov 2026, a date confirmed by the company.

More Industrials names

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