SANM Options History — October 2025

In October 2025, SANM traded between $114.02 and $140.99. ATM implied volatility averaged 63.0%, placing in the 71.5% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded below realized volatility by 25.7% (HV 20d: 88.8%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.53.

Notable Days

  • 2025-10-14: Highest Volume — 15,559 contracts
  • 2025-10-06: Largest IV spike — 72.2% change
  • 2025-10-29: Highest IV Rank — 100.0%
  • 2025-10-29: Largest Expected Move — 23.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.88$114.02$140.99$116.27$137.05
Max Pain$120.00$115.00$125.00$115.00$125.00
ATM IV63.0%34.8%81.7%34.8%81.0%
Expected Move18.9%10.0%23.4%10.0%23.2%
HV 20d88.8%30.7%99.9%32.8%99.1%
HV 60d69.1%55.2%77.0%55.2%63.5%
IV Rank71.5%25.9%100.0%25.9%99.0%
IV Percentile92.7%59.9%100.0%59.9%99.6%
Term Structure-7.6%-17.8%16.6%16.6%-15.6%
VWIV66.9%34.7%82.7%34.7%82.7%
Skew 25d-0.2%-3.9%8.5%8.5%-0.4%
Skew 10d4.2%-35.9%43.6%-7.1%42.0%
Call IV 25d68.0%26.9%83.6%26.9%83.6%
Put IV 25d67.8%35.4%84.1%35.4%83.1%
Bid-Ask Spread %70.0857.1189.8689.8668.28
Gamma HHI0.310.190.430.410.29
Net GEX301.4K-1.2M2.4M87.9K532.5K
Net DEX-19.4M-43.7M308.5K-7.5M-21.2M
Net VEX-131.4K-238.7K-38.4K-76.5K-150.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.032.240.180.06
Total Volume2,301.6527215,559123910
Total OI15,884.2179,66028,24510,17011,243

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$116.27$115.0034.8%10.0%32.8%25.9%34.7%8.5%16.6%87.9K-7.5M-76.5K0.1889.86104194,0006,170
2025-10-02$117.04$115.0036.5%10.5%30.7%28.6%35.2%1.5%13.1%419.1K-11.1M-73.5K0.0584.63191104,0286,175
2025-10-03$114.02$115.0036.5%10.5%31.3%28.6%36.3%1.8%14.0%-300.8K-2.5M-71.1K0.8989.423623224,0326,180
2025-10-06$140.99$115.0062.8%19.0%82.6%71.5%65.6%-1.7%-10.8%297.9K-43.4M-38.4K0.2557.113,7269223,7125,948
2025-10-07$125.78$120.0051.5%17.9%92.7%53.1%63.9%-0.7%-7.6%725.2K-25.7M-70.3K0.6969.927,6405,2866,1296,630
2025-10-08$135.22$115.0052.3%19.3%95.0%54.3%66.7%0.9%-11.7%1.1M-40.1M-95.5K0.1759.301,3292299,59210,143
2025-10-09$130.76$120.0050.8%18.6%95.0%51.9%67.2%0.3%-9.0%119.8K-26.3M-92.5K0.0360.382,986959,69610,207
2025-10-10$123.62$120.0056.4%19.0%97.4%61.0%66.3%0.2%-10.0%-960.3K-7.1M-124.0K0.0763.983,16121712,39210,213
2025-10-13$125.08$120.0063.3%19.4%97.3%72.3%66.6%-1.0%-11.4%-1.2M-9.3M-99.0K0.1971.701352613,73710,333
2025-10-14$125.36$120.0062.8%20.8%97.0%71.4%71.4%2.5%-12.8%-859.7K-16.1M-90.5K0.9564.807,9867,57313,72110,323
2025-10-15$131.26$120.0068.1%19.5%98.1%80.1%69.7%-2.1%-10.7%1.4M-32.3M-184.8K0.6860.6882055415,73312,512
2025-10-16$134.20$120.0067.6%19.4%98.0%79.3%71.4%-3.9%-6.3%2.4M-43.7M-179.6K0.8663.673,6713,17415,59112,266
2025-10-17$129.58$120.0068.7%19.7%98.9%81.0%70.5%-3.7%-7.3%715.2K-28.5M-168.8K0.9664.841019715,56612,256
2025-10-20$132.87$120.0068.6%19.7%99.1%80.9%70.0%-0.4%-9.5%371.7K-15.2M-238.7K0.5566.41113629,2077,417
2025-10-21$129.69$120.0066.6%19.1%99.7%77.6%68.9%-3.3%-8.4%-454.3K308.5K-195.8K1.8369.6853976,2347,460
2025-10-22$127.40$120.0067.0%19.2%98.7%78.2%71.8%-3.1%-9.5%18.0K-6.1M-148.9K0.4876.5050246,2314,468
2025-10-23$133.16$120.0075.4%21.6%99.6%91.9%72.6%0.6%-9.5%367.1K-15.3M-158.9K0.0973.216666,2294,495
2025-10-24$134.74$120.0069.8%20.0%99.6%82.8%70.6%-0.7%-11.5%435.0K-18.3M-155.6K2.2474.29801796,2734,499
2025-10-27$135.02$125.0074.2%21.3%99.6%90.0%78.8%-1.0%-11.5%336.7K-16.6M-153.7K0.1069.70124136,3244,652
2025-10-28$134.74$125.0075.9%21.8%99.6%92.8%77.4%-2.1%-13.6%386.9K-18.2M-153.6K0.1571.6679126,3954,660
2025-10-29$137.37$125.0081.7%23.4%99.7%100.0%78.4%1.9%-17.8%462.5K-22.8M-153.9K0.0672.91192126,4314,666
2025-10-30$135.98$125.0077.6%22.3%99.9%93.5%81.0%0.8%-12.6%452.0K-19.8M-149.3K0.6768.9978526,5044,664
2025-10-31$137.05$125.0081.0%23.2%99.1%99.0%82.7%-0.4%-15.6%532.5K-21.2M-150.1K0.0668.28855556,5474,696