SANM Options History — July 2025

In July 2025, SANM traded between $96.18 and $120.58. ATM implied volatility averaged 42.7%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 12.7% (HV 20d: 30.0%). Max pain ranged from $75.00 to $115.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 50.65.

Notable Days

  • 2025-07-14: Highest Volume — 5,517 contracts
  • 2025-07-09: Largest IV spike — 92.3% change
  • 2025-07-28: Highest IV Rank — 78.5%
  • 2025-07-28: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.85$96.18$120.58$98.27$116.34
Max Pain$99.32$75.00$115.00$75.00$110.00
ATM IV42.7%22.8%67.2%26.7%33.8%
Expected Move12.9%7.1%19.3%7.7%9.7%
HV 20d30.0%17.8%80.2%20.9%79.8%
HV 60d33.9%28.1%50.6%39.3%50.5%
IV Rank38.8%6.2%78.5%12.7%24.2%
IV Percentile64.9%3.6%98.0%16.3%59.1%
Term Structure-6.9%-25.7%19.4%14.2%-1.7%
VWIV44.3%24.6%66.9%27.9%33.9%
Skew 25d4.8%-14.5%31.8%2.3%0.1%
Skew 10d-1.0%-17.6%11.8%-0.4%11.8%
Call IV 25d40.2%27.1%61.2%27.1%34.1%
Put IV 25d45.0%27.0%69.4%29.3%34.1%
Bid-Ask Spread %84.1564.4495.5284.3585.58
Gamma HHI0.530.150.980.460.23
Net GEX2.8M-586.3K10.6M3.2M31.7K
Net DEX-31.6M-73.1M8.7M-35.2M-5.9M
Net VEX-32.4K-52.4K-14.5K-52.4K-21.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio50.650.00801.000.010.78
Total Volume665.182335,51725687
Total OI6,549.0911,0639,9958,0565,011

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$98.27$75.0026.7%7.7%20.9%12.7%27.9%2.3%14.2%3.2M-35.2M-52.4K0.0184.3525337,822234
2025-07-02$101.13$75.0024.8%7.1%21.2%9.6%24.6%-4.8%19.4%3.5M-45.3M-49.4K0.1388.89201277,922237
2025-07-03$102.35$100.0023.9%12.1%21.1%8.2%43.0%2.5%-9.2%3.6M-50.9M-48.2K0.0095.523307,931264
2025-07-07$101.36$100.0025.9%11.4%19.0%11.4%39.8%-0.2%-3.8%3.5M-45.9M-40.1K0.0092.073407,945264
2025-07-08$102.21$100.0022.8%12.0%19.0%6.2%41.6%0.3%-7.6%3.6M-48.9M-42.3K0.0590.22360187,966264
2025-07-09$103.47$100.0043.7%12.5%19.0%40.4%43.6%17.7%-7.5%3.5M-53.8M-34.2K0.9485.6954518,049269
2025-07-10$104.95$105.0046.7%13.4%19.0%45.3%41.2%4.3%-11.3%4.0M-59.9M-37.4K0.5675.463171778,070327
2025-07-11$104.02$100.0040.8%11.7%20.0%35.6%42.8%7.9%-2.9%4.8M-55.5M-35.7K0.3083.2744138,081503
2025-07-14$104.86$100.0046.4%13.3%19.1%44.8%46.1%8.5%-10.2%4.4M-58.8M-31.9K0.0079.295,51528,088506
2025-07-15$103.57$100.0041.5%11.9%18.3%36.7%42.1%12.4%-5.2%6.2M-57.0M-33.3K0.0886.07182148,891508
2025-07-16$105.14$100.0047.0%13.5%17.8%45.7%45.3%2.6%-11.5%6.1M-67.8M-29.1K0.0082.421,05248,977523
2025-07-17$104.98$100.0045.0%12.9%18.1%42.5%44.5%2.6%-7.8%7.1M-73.1M-24.0K0.0084.135909,475520
2025-07-18$100.83$100.0046.2%13.2%24.9%44.4%46.0%1.0%-9.5%10.6M-48.5M-17.3K0.0181.5316619,462520
2025-07-21$101.77$100.0050.3%14.4%24.7%51.1%49.7%9.9%-9.4%57.9K-2.9M-16.3K196.0088.684784704359
2025-07-22$99.86$100.0059.9%17.2%25.9%66.7%54.6%9.9%-17.1%-150.1K688.7K-23.9K97.5086.8287807041,133
2025-07-23$100.57$100.0058.6%16.8%24.8%64.6%51.7%-14.5%-18.0%-324.8K3.0M-30.7K801.0086.0918017011,910
2025-07-24$96.18$100.0059.1%16.9%29.5%65.4%58.1%3.5%-17.2%-574.2K8.7M-37.1K3.7586.48612296992,690
2025-07-25$98.36$105.0057.9%16.6%29.8%63.5%59.3%31.8%-9.7%-586.3K7.1M-37.3K0.1490.314977082,802
2025-07-28$98.42$100.0067.2%19.3%29.7%78.5%66.9%8.2%-25.7%-568.6K7.1M-36.0K8.6770.121771,5357452,809
2025-07-29$120.58$100.0036.7%10.5%77.8%28.9%36.8%-1.2%-1.0%99.7K-8.3M-14.5K1.5864.444096478813,595
2025-07-30$115.38$115.0035.3%10.1%80.2%26.7%34.4%0.4%0.5%-37.9K-5.0M-21.7K2.8083.961253501,0353,976
2025-07-31$116.34$110.0033.8%9.7%79.8%24.2%33.9%0.1%-1.7%31.7K-5.9M-21.0K0.7885.5849381,0623,949