SANM Options History — April 2022

In April 2022, SANM traded between $38.35 and $41.65. ATM implied volatility averaged 41.2%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 19.2% (HV 20d: 21.9%). Max pain ranged from $38.00 to $38.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.80.

Notable Days

2022-04-14: Highest Volume — 468 contracts
2022-04-06: Largest IV spike — 39.6% change
2022-04-29: Highest IV Rank — 43.4%
2022-04-29: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.84	$38.35	$41.65	$40.65	$41.01
Max Pain	$38.00	$38.00	$38.00	$38.00	$38.00
ATM IV	41.2%	34.2%	48.7%	35.5%	48.7%
Expected Move	11.5%	10.2%	14.0%	10.2%	14.0%
HV 20d	21.9%	20.3%	25.5%	21.0%	25.5%
HV 60d	28.0%	24.9%	28.9%	28.7%	25.1%
IV Rank	31.8%	21.1%	43.4%	23.1%	43.4%
IV Percentile	77.0%	54.4%	90.9%	61.1%	90.9%
Term Structure	-3.0%	-7.4%	5.7%	-0.1%	-7.1%
VWIV	43.3%	37.5%	71.4%	37.6%	50.6%
Skew 25d	1.5%	-30.6%	11.1%	5.9%	7.0%
Skew 10d	13.2%	-22.3%	28.2%	16.3%	5.5%
Call IV 25d	45.4%	33.7%	77.5%	33.7%	45.1%
Put IV 25d	46.8%	39.6%	52.2%	39.6%	52.1%
Bid-Ask Spread %	84.10	71.05	97.41	74.94	75.72
Gamma HHI	0.19	0.13	0.38	0.14	0.14
Net GEX	48.3K	22.4K	98.8K	61.1K	29.4K
Net DEX	-902.5K	-1.4M	-574.8K	-1.4M	-814.1K
Net VEX	-3.9K	-4.8K	-3.5K	-4.8K	-3.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.59	0.92	0.82	0.83
Total Volume	305.3	1	468	384	296
Total OI	775.5	510	1,002	997	604

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$40.65	$38.00	35.5%	10.2%	21.0%	23.1%	37.6%	5.9%	-0.1%	61.1K	-1.4M	-4.8K	0.82	74.94	211	173	709	288
2022-04-04	$40.39	$38.00	36.7%	10.2%	20.3%	24.9%	37.5%	-1.3%	-1.6%	61.3K	-1.4M	-4.6K	0.81	72.24	214	173	708	291
2022-04-05	$39.71	$38.00	34.2%	10.6%	21.3%	21.1%	38.1%	6.0%	-2.1%	61.0K	-1.2M	-4.6K	0.79	71.05	217	172	710	292
2022-04-06	$38.80	$38.00	47.8%	10.9%	21.2%	41.9%	44.3%	11.1%	-3.0%	57.0K	-995.5K	-4.3K	0.80	90.81	214	172	710	287
2022-04-07	$38.67	$38.00	37.4%	11.2%	21.2%	25.9%	41.5%	7.3%	-2.7%	61.3K	-911.3K	-4.2K	0.82	81.58	211	172	707	287
2022-04-08	$38.57	$38.00	38.1%	11.0%	21.2%	27.1%	38.9%	7.4%	-2.4%	64.1K	-892.8K	-4.1K	0.87	79.76	197	172	707	287
2022-04-11	$38.35	$38.00	46.0%	11.7%	21.2%	39.2%	40.8%	7.1%	-4.9%	67.1K	-827.0K	-3.8K	0.65	87.66	266	172	707	287
2022-04-12	$38.85	$38.00	47.2%	11.5%	21.7%	41.1%	39.9%	8.8%	-2.8%	75.2K	-946.2K	-3.9K	0.66	86.26	263	174	697	287
2022-04-13	$39.79	$38.00	38.9%	11.2%	21.6%	28.4%	41.6%	5.2%	-4.1%	82.6K	-1.2M	-3.7K	0.66	84.78	263	174	695	288
2022-04-14	$39.31	$38.00	39.8%	11.4%	21.0%	29.7%	40.8%	5.9%	-3.0%	98.8K	-1.1M	-3.6K	0.59	87.03	294	174	696	288
2022-04-18	$39.51	$38.00	41.3%	11.8%	21.1%	32.0%	41.0%	-25.8%	-1.1%	22.4K	-574.8K	-3.5K	0.86	91.19	103	89	380	130
2022-04-19	$40.37	$38.00	39.8%	11.4%	21.7%	29.7%	39.0%	-15.9%	-3.4%	25.2K	-674.1K	-3.6K	0.82	87.80	109	89	394	130
2022-04-20	$40.92	$38.00	38.7%	11.1%	21.8%	28.0%	39.2%	-30.6%	-1.7%	27.2K	-769.4K	-3.6K	0.87	93.77	102	89	404	130
2022-04-21	$40.39	$38.00	41.5%	11.9%	22.1%	32.3%	40.1%	-13.4%	0.7%	26.8K	-709.8K	-3.6K	0.89	97.41	100	89	404	130
2022-04-22	$39.75	$38.00	42.2%	12.1%	22.7%	33.4%	42.0%	5.7%	-7.4%	26.4K	-614.9K	-3.6K	0.89	87.01	100	89	405	130
2022-04-25	$40.16	$38.00	43.2%	12.4%	22.9%	34.9%	44.7%	10.5%	-7.1%	27.2K	-668.2K	-3.5K	0.77	90.62	131	101	405	130
2022-04-26	$39.93	$38.00	45.5%	13.1%	22.5%	38.5%	48.6%	8.2%	5.7%	30.0K	-684.9K	-3.7K	0.92	80.15	131	121	445	142
2022-04-27	$40.02	$38.00	45.2%	13.0%	22.0%	38.0%	71.4%	9.8%	-7.2%	29.5K	-693.8K	-3.7K	0.00	79.78	0	1	445	164
2022-04-28	$41.65	$38.00	35.5%	10.2%	24.9%	23.0%	48.8%	10.8%	-4.3%	31.8K	-914.2K	-3.7K	0.80	82.52	160	128	445	165
2022-04-29	$41.01	$38.00	48.7%	14.0%	25.5%	43.4%	50.6%	7.0%	-7.1%	29.4K	-814.1K	-3.5K	0.83	75.72	162	134	433	171