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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF SHM

i

Market dataready · fetched 2026-11-12T01:57:42.545Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-12T01:00:00.120009178Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-12T01:57:41.822939+00:00

Share price$47.53
1D+0.1%
AH$47.47$47.51$47.55$47.58$47.625:30 AM6:30 AM9:00 AM1:00 PM2:00 PMSHM
Sold putSold callAH

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF options

Live interpolated SHM call and put midpoint premiums by absolute delta.State Street SPDR Nuveen ICE Short Term Municipal Bond ETF$0.49$1.04$1.59$2.14$2.68$44.74$46.18$47.63$49.08$50.5220Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive SHM spot · $47.53SHM PRICE$0.55$0.55$0.55$0.58$0.63$0.68$0.73$0.78$0.83$0.88$1.32$1.92$2.53$0.55$0.55$0.55$0.57$0.60$0.65$0.71$0.76$0.82$1.10$1.40$1.70$2.00
PutsExpensive12.49×
CallsExpensive10.97×
SkewBullish-2.73 pp
Implied moveBalanced±$1.44
TiltBullish2.4% CALL
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ52.5070.5%11.6%44.0063.7%8.6%
25Δ50.4652.4%7.3%45.3248.7%5.8%
30Δ49.3340.9%4.9%46.1538.7%4.1%
35Δ48.8135.7%3.9%46.6732.5%3.0%
40Δ48.5233.1%3.4%47.0827.8%2.2%
45Δ48.2430.5%2.9%47.3125.9%1.8%
50Δ47.9527.9%2.4%47.5324.0%1.5%
55Δ47.6625.3%1.9%47.7522.1%1.1%
60Δ47.3722.6%1.4%47.9820.2%0.8%
65Δ47.0920.0%0.9%48.3221.0%0.6%
70Δ46.5520.9%0.7%48.6722.0%0.5%
75Δ45.8923.4%0.6%49.0323.0%0.4%
80Δ45.2425.8%0.5%49.3824.0%0.3%

20Δ

Calls
Pseudo strike
52.50
IV
70.5%
B/E move
11.6%
Puts
Pseudo strike
44.00
IV
63.7%
B/E move
8.6%

25Δ

Calls
Pseudo strike
50.46
IV
52.4%
B/E move
7.3%
Puts
Pseudo strike
45.32
IV
48.7%
B/E move
5.8%

30Δ

Calls
Pseudo strike
49.33
IV
40.9%
B/E move
4.9%
Puts
Pseudo strike
46.15
IV
38.7%
B/E move
4.1%

35Δ

Calls
Pseudo strike
48.81
IV
35.7%
B/E move
3.9%
Puts
Pseudo strike
46.67
IV
32.5%
B/E move
3.0%

40Δ

Calls
Pseudo strike
48.52
IV
33.1%
B/E move
3.4%
Puts
Pseudo strike
47.08
IV
27.8%
B/E move
2.2%

45Δ

Calls
Pseudo strike
48.24
IV
30.5%
B/E move
2.9%
Puts
Pseudo strike
47.31
IV
25.9%
B/E move
1.8%

50Δ

Calls
Pseudo strike
47.95
IV
27.9%
B/E move
2.4%
Puts
Pseudo strike
47.53
IV
24.0%
B/E move
1.5%

55Δ

Calls
Pseudo strike
47.66
IV
25.3%
B/E move
1.9%
Puts
Pseudo strike
47.75
IV
22.1%
B/E move
1.1%

60Δ

Calls
Pseudo strike
47.37
IV
22.6%
B/E move
1.4%
Puts
Pseudo strike
47.98
IV
20.2%
B/E move
0.8%

65Δ

Calls
Pseudo strike
47.09
IV
20.0%
B/E move
0.9%
Puts
Pseudo strike
48.32
IV
21.0%
B/E move
0.6%

70Δ

Calls
Pseudo strike
46.55
IV
20.9%
B/E move
0.7%
Puts
Pseudo strike
48.67
IV
22.0%
B/E move
0.5%

75Δ

Calls
Pseudo strike
45.89
IV
23.4%
B/E move
0.6%
Puts
Pseudo strike
49.03
IV
23.0%
B/E move
0.4%

80Δ

Calls
Pseudo strike
45.24
IV
25.8%
B/E move
0.5%
Puts
Pseudo strike
49.38
IV
24.0%
B/E move
0.3%

Options history

IV · four-Friday blend14.65%
Daily EOD
SHM10.1%42.8%75.5%2026-10-19: 64.23%2026-10-20: 64.80%2026-10-21: 65.35%2026-10-22: 65.75%2026-10-23: 52.83%2026-10-26: 45.59%2026-10-27: 33.61%2026-10-28: 34.26%2026-10-29: 70.99%2026-10-30: 14.65%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
64.23%
64.80%
65.35%
65.75%
52.83%
45.59%
33.61%
34.26%
70.99%
14.65%