SANM Options History — August 2025

In August 2025, SANM traded between $109.22 and $123.84. ATM implied volatility averaged 33.7%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 42.8% (HV 20d: 76.6%). Max pain ranged from $110.00 to $120.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.34.

Notable Days

  • 2025-08-28: Highest Volume — 3,321 contracts
  • 2025-08-13: Largest IV drop — 19.5% change
  • 2025-08-11: Highest IV Rank — 33.0%
  • 2025-08-01: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.59$109.22$123.84$111.41$116.36
Max Pain$119.52$110.00$120.00$110.00$120.00
ATM IV33.7%30.3%39.2%36.9%34.1%
Expected Move9.4%8.7%10.6%10.6%9.8%
HV 20d76.6%41.0%86.9%81.8%41.0%
HV 60d52.5%51.5%53.4%51.5%53.4%
IV Rank24.1%18.5%33.0%29.3%24.7%
IV Percentile59.0%46.4%72.2%66.7%63.5%
Term Structure-0.5%-4.6%1.7%-4.6%0.2%
VWIV32.9%30.6%38.0%38.0%32.7%
Skew 25d2.4%-4.3%14.2%2.5%14.2%
Skew 10d0.3%-13.8%19.2%13.5%19.2%
Call IV 25d31.4%22.0%36.0%35.4%22.0%
Put IV 25d33.8%27.8%38.0%37.9%36.2%
Bid-Ask Spread %85.1776.3092.4090.5892.40
Gamma HHI0.280.160.510.450.45
Net GEX-114.1K-916.5K243.5K-184.3K-916.5K
Net DEX-3.9M-9.7M4.7M-3.1M3.5M
Net VEX-40.3K-87.4K-19.7K-25.6K-87.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.018.634.970.22
Total Volume643.905273,32138228
Total OI5,980.9051,63111,2825,00911,282

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$111.41$110.0036.9%10.6%81.8%29.3%38.0%2.5%-4.6%-184.3K-3.1M-25.6K4.9790.58643181,0873,922
2025-08-04$117.23$120.0035.9%9.4%83.2%27.6%33.4%5.2%-1.3%28.7K-6.7M-20.5K0.1186.047281,1274,012
2025-08-05$116.67$120.0033.9%9.5%83.3%24.3%30.7%4.9%-0.1%102.0K-6.8M-20.8K0.3584.542071,1554,014
2025-08-06$116.78$120.0034.8%9.6%83.3%25.9%33.4%6.5%-3.8%130.1K-6.9M-20.1K0.1190.6587101,1624,015
2025-08-07$118.63$120.0034.9%9.4%83.4%26.0%33.1%1.9%-0.0%156.8K-7.9M-20.2K0.0189.258011,2074,018
2025-08-08$121.47$120.0033.4%9.2%83.4%23.5%32.5%-0.6%0.1%146.3K-9.5M-19.7K3.4981.441174081,2234,019
2025-08-11$119.30$120.0039.2%9.1%83.9%33.0%31.5%1.0%-0.3%63.8K-7.5M-24.9K0.2881.8581231,2494,417
2025-08-12$123.84$120.0037.6%8.9%84.2%30.5%31.1%1.0%0.5%56.2K-9.7M-23.8K0.2480.00105251,2654,432
2025-08-13$120.48$120.0030.3%8.7%85.2%18.5%30.6%-0.4%1.7%41.9K-8.1M-24.8K0.0787.79160121,2914,438
2025-08-14$116.50$120.0031.8%9.1%86.4%21.0%31.7%1.2%0.1%67.5K-6.1M-26.6K0.1582.7667101,3494,422
2025-08-15$116.52$120.0032.9%9.4%84.7%22.7%32.0%1.2%-2.6%93.6K-6.1M-26.1K1.4281.8326371,3694,427
2025-08-18$117.22$120.0032.0%9.2%84.7%21.4%32.5%0.8%0.6%30.2K-4.7M-25.6K0.3976.302811988643
2025-08-19$112.64$120.0032.7%9.4%85.9%22.4%32.8%7.5%-0.7%19.0K-3.3M-25.0K2.1886.191,0022,180994646
2025-08-20$109.22$120.0032.6%9.4%86.9%22.3%33.3%-4.3%-0.2%-499.9K4.6M-47.4K0.9883.756526401,9982,243
2025-08-21$110.66$120.0033.3%9.5%85.0%23.4%33.9%0.7%-0.4%-627.8K4.7M-56.8K0.8083.584603702,7012,951
2025-08-22$115.31$120.0031.8%9.1%85.7%21.0%32.6%0.9%0.7%-336.9K-483.5K-61.6K0.9385.083633363,1873,374
2025-08-25$116.46$120.0032.3%9.2%85.6%21.7%33.1%1.4%0.3%-208.3K-2.3M-63.4K0.9787.044644483,5893,780
2025-08-26$115.77$120.0032.3%9.3%45.2%21.7%32.4%2.3%0.2%-410.6K-305.5K-69.8K0.8888.424113614,1144,299
2025-08-27$116.61$120.0032.7%9.4%42.5%22.4%33.3%-2.6%-0.9%-391.3K-878.5K-76.9K0.8781.663793304,4644,749
2025-08-28$119.25$120.0033.2%9.5%43.1%23.2%37.4%4.3%-0.3%243.5K-5.2M-79.5K8.6387.333452,9764,8555,122
2025-08-29$116.36$120.0034.1%9.8%41.0%24.7%32.7%14.2%0.2%-916.5K3.5M-87.4K0.2292.402355,1546,128