SANM Options History — April 2023

In April 2023, SANM traded between $51.63 and $59.94. ATM implied volatility averaged 38.5%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 15.2% (HV 20d: 23.3%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.93.

Notable Days

2023-04-17: Highest Volume — 43 contracts
2023-04-12: Largest IV spike — 36.1% change
2023-04-12: Highest IV Rank — 60.0%
2023-04-12: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.39	$51.63	$59.94	$59.94	$52.13
Max Pain	$55.79	$55.00	$60.00	$60.00	$55.00
ATM IV	38.5%	26.0%	51.7%	30.1%	47.5%
Expected Move	11.1%	7.4%	14.8%	8.6%	13.6%
HV 20d	23.3%	19.6%	28.2%	26.1%	19.6%
HV 60d	32.1%	23.9%	34.3%	34.3%	23.9%
IV Rank	32.8%	7.0%	60.0%	15.5%	51.4%
IV Percentile	51.5%	0.8%	95.6%	5.6%	86.9%
Term Structure	-4.9%	-27.7%	7.1%	7.1%	-27.7%
VWIV	40.4%	31.0%	49.7%	31.0%	47.1%
Skew 25d	7.4%	-5.4%	37.6%	5.0%	6.6%
Skew 10d	11.4%	-4.6%	42.8%	6.6%	6.8%
Call IV 25d	39.4%	30.3%	49.7%	32.2%	42.3%
Put IV 25d	46.7%	37.1%	69.2%	37.1%	48.9%
Bid-Ask Spread %	92.07	76.17	102.91	99.56	89.01
Gamma HHI	0.37	0.26	0.57	0.56	0.35
Net GEX	1.8K	-30.1K	44.7K	44.7K	-76
Net DEX	-57.3K	-524.1K	269.1K	-524.1K	-33.9K
Net VEX	-2.1K	-3.1K	-1.6K	-3.1K	-2.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.93	0.00	20.00	0.77	2.20
Total Volume	17.895	3	43	23	16
Total OI	661.211	282	817	742	363

Daily Data (19 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
2023-04-03	$59.94	$60.00	30.1%	8.6%	26.1%	15.5%	31.0%	5.0%	7.1%	44.7K	-524.1K	-3.1K	0.77	99.56	13	10	546	196
2023-04-04	$58.78	$60.00	29.0%	8.3%	26.9%	13.2%	33.5%	37.6%	6.2%	21.5K	-302.8K	-2.8K	0.00	91.54	9	0	555	206
2023-04-05	$58.01	$60.00	26.0%	7.4%	27.1%	7.0%	48.2%	16.3%	5.1%	20.6K	-218.2K	-2.8K	0.00	95.82	16	0	559	206
2023-04-06	$56.48	$55.00	33.5%	10.8%	28.2%	22.4%	0.0%	8.0%	-3.8%	-586	-16.0K	-2.4K	0.13	81.14	8	1	563	206
2023-04-10	$57.02	$55.00	34.2%	11.2%	26.4%	23.9%	36.2%	7.9%	-6.0%	321	-97.0K	-2.3K	0.50	76.17	6	3	561	203
2023-04-11	$56.66	$55.00	38.0%	10.3%	26.5%	31.8%	32.1%	4.7%	-2.9%	1.4K	-81.2K	-2.3K	0.00	102.91	16	0	565	201
2023-04-12	$56.64	$55.00	51.7%	14.8%	25.5%	60.0%	0.0%	4.4%	-19.9%	2.0K	-125.2K	-2.6K	0.00	91.11	11	0	584	201
2023-04-13	$57.13	$55.00	37.2%	10.7%	23.7%	30.2%	35.0%	-2.1%	0.0%	-2.3K	-130.8K	-2.3K	0.00	95.93	17	0	585	201
2023-04-14	$56.13	$55.00	37.8%	10.8%	23.5%	31.5%	46.7%	0.8%	-3.3%	-7.8K	-24.7K	-2.1K	0.09	96.13	11	1	589	201
2023-04-17	$56.13	$55.00	37.9%	10.9%	22.2%	31.6%	38.7%	1.0%	0.2%	-8.4K	8.4K	-1.9K	0.34	94.91	32	11	590	202
2023-04-18	$55.56	$55.00	37.6%	10.8%	20.7%	31.0%	37.0%	6.7%	-7.0%	-13.6K	74.6K	-1.9K	2.40	90.51	5	12	589	207
2023-04-19	$54.92	$55.00	37.5%	10.7%	20.6%	30.7%	43.2%	2.2%	-10.9%	-14.0K	189.9K	-1.7K	0.50	89.52	2	1	591	219
2023-04-20	$54.48	$55.00	42.0%	12.1%	20.6%	40.1%	41.8%	-5.4%	-7.3%	-30.1K	196.3K	-1.8K	0.91	96.03	11	10	589	215
2023-04-21	$53.92	$55.00	39.2%	11.2%	20.6%	34.2%	0.0%	3.5%	-4.4%	7.6K	269.1K	-1.8K	20.00	97.88	1	20	598	219
2023-04-24	$53.51	$55.00	39.3%	11.3%	20.6%	34.4%	49.7%	25.2%	-9.0%	6.4K	-158.8K	-1.7K	0.60	96.68	15	9	200	82
2023-04-25	$51.76	$55.00	45.4%	13.0%	21.6%	47.0%	40.8%	3.5%	-4.0%	4.9K	-82.1K	-1.6K	0.00	90.42	0	21	213	89
2023-04-26	$51.67	$55.00	44.3%	12.7%	21.6%	44.7%	46.4%	2.1%	3.2%	2.8K	-40.7K	-1.7K	6.00	89.87	5	30	213	105
2023-04-27	$51.63	$55.00	43.3%	12.4%	19.7%	42.8%	38.9%	11.8%	-8.4%	-1.5K	9.0K	-1.9K	0.31	84.26	13	4	216	135
2023-04-28	$52.13	$55.00	47.5%	13.6%	19.6%	51.4%	47.1%	6.6%	-27.7%	-76	-33.9K	-2.0K	2.20	89.01	5	11	224	139