SANM Options History — April 2025

In April 2025, SANM traded between $68.08 and $81.96. ATM implied volatility averaged 50.2%, placing in the 51.4% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 9.3% (HV 20d: 59.5%). Max pain ranged from $75.00 to $85.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.78.

Notable Days

2025-04-29: Highest Volume — 375 contracts
2025-04-29: Largest IV drop — 48.1% change
2025-04-08: Highest IV Rank — 97.7%
2025-04-08: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$75.35	$68.08	$81.96	$75.58	$76.63
Max Pain	$75.48	$75.00	$85.00	$75.00	$75.00
ATM IV	50.2%	26.9%	78.9%	35.0%	26.9%
Expected Move	14.2%	7.7%	18.0%	12.3%	7.7%
HV 20d	59.5%	30.9%	68.8%	30.9%	68.8%
HV 60d	45.4%	34.4%	48.9%	34.4%	48.5%
IV Rank	51.4%	13.9%	97.7%	26.9%	13.9%
IV Percentile	82.0%	20.6%	99.6%	62.3%	20.6%
Term Structure	-8.8%	-26.7%	6.9%	6.9%	-3.7%
VWIV	50.3%	23.8%	61.9%	49.9%	23.8%
Skew 25d	6.5%	-11.1%	25.5%	6.3%	-11.1%
Skew 10d	9.5%	-11.0%	30.2%	13.3%	-6.6%
Call IV 25d	44.6%	30.9%	59.3%	30.9%	32.2%
Put IV 25d	51.1%	21.1%	65.2%	37.3%	21.1%
Bid-Ask Spread %	89.85	64.27	97.44	91.94	96.03
Gamma HHI	0.34	0.12	0.53	0.39	0.31
Net GEX	27.0K	-7.1K	75.0K	36.1K	14.9K
Net DEX	-470.7K	-1.0M	219.1K	-526.6K	-546.9K
Net VEX	-2.6K	-3.8K	-1.7K	-2.9K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.00	3.85	0.00	0.08
Total Volume	46.286	0	375	3	27
Total OI	530.571	189	709	589	642

Daily Data (21 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
2025-04-01	$75.58	$75.00	35.0%	12.3%	30.9%	26.9%	0.0%	6.3%	6.9%	36.1K	-526.6K	-2.9K	0.00	91.94	3	0	367	222
2025-04-02	$77.37	$75.00	39.8%	12.3%	31.5%	34.6%	49.9%	10.2%	-6.0%	47.6K	-674.1K	-3.0K	0.00	84.77	1	0	370	222
2025-04-03	$69.80	$75.00	54.0%	12.5%	48.0%	57.5%	0.0%	-0.9%	-5.0%	3.8K	26.2K	-2.6K	0.00	95.89	1	0	371	222
2025-04-04	$68.08	$75.00	47.3%	16.2%	48.3%	46.7%	0.0%	1.3%	-13.1%	-7.1K	219.1K	-2.5K	0.00	97.44	0	0	372	222
2025-04-07	$69.78	$75.00	64.5%	16.8%	48.7%	74.5%	51.3%	-2.6%	-11.3%	3.4K	11.3K	-2.6K	0.14	95.45	21	3	372	222
2025-04-08	$69.78	$75.00	78.9%	18.0%	48.0%	97.7%	57.9%	-7.8%	-14.7%	9.3K	-69.9K	-2.8K	0.17	93.82	36	6	382	225
2025-04-09	$78.09	$75.00	49.4%	14.2%	63.3%	50.0%	55.7%	21.2%	-8.6%	75.0K	-1.0M	-3.0K	0.50	93.98	8	4	417	231
2025-04-10	$73.88	$75.00	54.8%	15.7%	65.8%	58.8%	0.0%	25.5%	-8.7%	36.7K	-424.9K	-2.8K	0.00	92.77	0	0	418	235
2025-04-11	$75.66	$75.00	57.9%	16.6%	65.4%	63.8%	0.0%	19.3%	-13.3%	49.7K	-588.0K	-2.7K	0.00	95.97	23	0	418	235
2025-04-14	$76.71	$75.00	51.1%	14.6%	65.5%	52.8%	0.0%	8.5%	-7.5%	52.3K	-689.6K	-2.3K	0.00	95.61	0	0	404	235
2025-04-15	$76.23	$75.00	50.5%	14.5%	65.5%	51.8%	43.5%	17.5%	-10.7%	52.0K	-626.9K	-2.1K	1.50	96.55	6	9	404	235
2025-04-16	$74.03	$75.00	45.0%	12.9%	65.2%	43.0%	0.0%	4.3%	-3.5%	27.8K	-309.0K	-2.1K	0.00	97.15	0	1	409	242
2025-04-17	$74.87	$75.00	47.1%	13.5%	65.4%	46.5%	0.0%	16.3%	-4.1%	18.2K	-363.6K	-1.9K	0.00	92.79	0	2	409	243
2025-04-21	$72.91	$75.00	52.6%	15.1%	65.9%	55.2%	52.1%	-6.3%	-9.0%	6.5K	-208.3K	-1.7K	0.00	92.11	88	0	135	54
2025-04-22	$74.69	$75.00	52.6%	15.1%	65.3%	55.2%	54.8%	14.7%	-9.6%	25.2K	-563.3K	-2.5K	1.00	83.96	5	5	220	54
2025-04-23	$77.52	$75.00	45.8%	13.1%	66.8%	44.3%	61.9%	15.7%	-4.8%	27.2K	-734.9K	-2.5K	2.00	95.53	5	10	222	59
2025-04-24	$79.86	$75.00	53.6%	15.4%	67.5%	56.8%	53.9%	1.7%	-13.8%	25.8K	-890.9K	-2.8K	0.17	71.65	6	1	227	69
2025-04-25	$81.96	$75.00	53.8%	15.4%	68.0%	57.3%	53.3%	0.5%	-14.4%	27.5K	-988.8K	-2.6K	0.18	69.20	34	6	231	73
2025-04-28	$80.09	$75.00	62.1%	17.8%	67.9%	70.6%	59.4%	0.8%	-26.7%	28.3K	-946.5K	-2.6K	3.85	64.27	59	227	264	79
2025-04-29	$78.81	$85.00	32.2%	9.2%	68.2%	22.4%	36.4%	1.4%	-3.6%	6.2K	42.8K	-3.5K	2.91	90.09	96	279	316	393
2025-04-30	$76.63	$75.00	26.9%	7.7%	68.8%	13.9%	23.8%	-11.1%	-3.7%	14.9K	-546.9K	-3.8K	0.08	96.03	25	2	333	309