SANM Options History — June 2025

In June 2025, SANM traded between $85.83 and $97.81. ATM implied volatility averaged 27.3%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 1.0% (HV 20d: 28.3%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.10.

Notable Days

2025-06-20: Highest Volume — 7,691 contracts
2025-06-10: Largest IV spike — 31.0% change
2025-06-20: Highest IV Rank — 23.9%
2025-06-20: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.07	$85.83	$97.81	$85.83	$97.71
Max Pain	$75.75	$75.00	$80.00	$80.00	$75.00
ATM IV	27.3%	21.1%	33.6%	27.3%	26.5%
Expected Move	8.0%	6.9%	9.6%	7.8%	7.6%
HV 20d	28.3%	21.2%	34.3%	32.3%	21.4%
HV 60d	46.0%	45.2%	47.1%	46.8%	45.2%
IV Rank	13.9%	4.5%	23.9%	14.5%	12.4%
IV Percentile	24.8%	1.6%	59.5%	21.8%	13.9%
Term Structure	8.1%	0.0%	15.9%	4.9%	14.1%
VWIV	28.3%	23.7%	33.6%	27.0%	28.2%
Skew 25d	1.6%	-11.8%	9.3%	3.8%	4.6%
Skew 10d	1.1%	-10.2%	15.6%	13.6%	-5.1%
Call IV 25d	25.7%	18.4%	32.6%	26.7%	29.0%
Put IV 25d	27.3%	16.7%	33.6%	30.5%	33.6%
Bid-Ask Spread %	86.29	78.06	97.00	80.72	87.02
Gamma HHI	0.71	0.36	0.97	0.38	0.48
Net GEX	2.9M	154.6K	11.9M	154.6K	3.1M
Net DEX	-14.6M	-32.4M	-2.6M	-2.6M	-32.4M
Net VEX	-29.6K	-63.4K	-8.8K	-8.8K	-55.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	0.60	0.36	0.01
Total Volume	803.05	7	7,691	38	213
Total OI	6,057.45	950	8,040	950	8,040

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
2025-06-02	$85.83	$80.00	27.3%	7.8%	32.3%	14.5%	27.0%	3.8%	4.9%	154.6K	-2.6M	-8.8K	0.36	80.72	28	10	671	279
2025-06-03	$88.12	$80.00	27.2%	7.8%	32.8%	14.4%	27.8%	-5.1%	2.1%	165.6K	-3.3M	-8.9K	0.26	81.45	128	33	681	289
2025-06-04	$88.11	$80.00	28.5%	8.2%	32.8%	16.4%	28.8%	-11.8%	0.0%	176.1K	-3.3M	-9.1K	0.00	79.18	3,043	12	733	321
2025-06-05	$86.09	$75.00	27.1%	8.8%	34.3%	14.1%	29.0%	-9.0%	3.6%	917.5K	-5.6M	-17.0K	0.00	85.15	2,520	0	3,701	323
2025-06-06	$86.77	$75.00	22.6%	8.1%	33.8%	6.9%	27.2%	6.3%	5.3%	2.0M	-9.2M	-25.3K	0.00	88.96	14	0	6,172	323
2025-06-09	$87.56	$75.00	21.1%	8.0%	33.3%	4.5%	28.7%	9.3%	5.9%	2.5M	-12.6M	-25.6K	0.00	84.85	51	0	6,173	323
2025-06-10	$87.84	$75.00	27.7%	8.0%	31.0%	15.1%	31.0%	2.0%	6.0%	2.4M	-12.7M	-25.2K	0.00	82.09	7	0	6,173	323
2025-06-11	$88.14	$75.00	27.8%	8.0%	29.6%	15.3%	28.8%	2.1%	6.6%	2.7M	-12.3M	-23.8K	0.60	80.10	15	9	6,173	323
2025-06-12	$87.51	$75.00	24.2%	6.9%	29.8%	8.5%	32.8%	5.4%	11.5%	2.7M	-11.1M	-21.8K	0.00	95.94	87	0	6,172	320
2025-06-13	$86.00	$75.00	28.4%	8.1%	29.9%	15.5%	27.8%	-5.4%	7.4%	1.8M	-6.5M	-17.0K	0.20	88.09	10	2	6,237	320
2025-06-16	$87.88	$75.00	28.4%	8.1%	30.7%	15.4%	29.1%	7.0%	7.3%	3.4M	-10.6M	-18.0K	0.00	90.03	98	0	6,229	320
2025-06-17	$89.19	$75.00	26.6%	7.6%	25.7%	12.5%	27.6%	7.6%	9.6%	4.6M	-15.3M	-18.5K	0.00	94.11	90	0	6,306	320
2025-06-18	$90.02	$75.00	28.8%	8.3%	25.1%	16.1%	28.8%	4.8%	7.1%	6.9M	-18.1M	-19.9K	0.01	86.90	1,110	12	6,438	320
2025-06-20	$89.70	$75.00	33.6%	9.6%	25.1%	23.9%	33.6%	-3.2%	6.2%	11.9M	-13.3M	-16.1K	0.00	91.12	7,688	3	6,787	332
2025-06-23	$91.25	$75.00	28.9%	8.3%	24.7%	16.2%	27.7%	4.7%	10.0%	2.0M	-14.1M	-47.1K	0.13	84.60	30	4	7,770	237
2025-06-24	$93.58	$75.00	26.6%	7.6%	25.8%	12.4%	23.7%	2.4%	15.9%	2.5M	-20.1M	-53.8K	0.36	86.36	28	10	7,767	239
2025-06-25	$95.25	$75.00	27.2%	7.8%	24.6%	13.4%	27.9%	4.3%	12.2%	2.7M	-25.0M	-58.5K	0.02	84.00	56	1	7,750	235
2025-06-26	$97.03	$75.00	29.5%	8.5%	21.8%	17.3%	24.3%	3.7%	15.1%	3.0M	-32.0M	-63.4K	0.00	97.00	705	0	7,776	236
2025-06-27	$97.81	$75.00	27.2%	7.8%	21.2%	13.5%	26.5%	-1.7%	12.0%	3.1M	-31.8M	-58.1K	0.00	78.06	44	0	7,781	236
2025-06-30	$97.71	$75.00	26.5%	7.6%	21.4%	12.4%	28.2%	4.6%	14.1%	3.1M	-32.4M	-55.3K	0.01	87.02	211	2	7,804	236