SANM Options History — January 2026

In January 2026, SANM traded between $141.62 and $182.16. ATM implied volatility averaged 62.8%, placing in the 67.4% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 2.8% (HV 20d: 60.0%). Max pain ranged from $135.00 to $160.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.29.

Notable Days

  • 2026-01-27: Highest Volume — 5,018 contracts
  • 2026-01-27: Largest IV drop — 30.0% change
  • 2026-01-26: Highest IV Rank — 93.1%
  • 2026-01-26: Largest Expected Move — 22.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$162.64$141.62$182.16$158.86$141.62
Max Pain$150.50$135.00$160.00$135.00$150.00
ATM IV62.8%52.0%79.6%53.9%53.7%
Expected Move18.7%14.9%22.8%15.4%15.4%
HV 20d60.0%40.7%106.6%55.3%106.6%
HV 60d68.4%63.7%84.9%66.3%84.9%
IV Rank67.4%50.8%93.1%53.6%53.3%
IV Percentile86.2%66.3%98.8%78.2%71.4%
Term Structure-5.5%-12.3%10.3%10.3%0.2%
VWIV65.4%52.8%80.0%54.0%55.0%
Skew 25d1.8%-1.4%3.7%3.3%0.8%
Skew 10d6.8%-17.8%34.9%4.7%6.2%
Call IV 25d65.1%52.6%77.0%52.8%56.0%
Put IV 25d66.9%54.3%79.2%56.1%56.8%
Bid-Ask Spread %41.8716.5981.3981.3947.67
Gamma HHI0.190.110.270.170.13
Net GEX1.6M604.0K2.7M1.3M1.2M
Net DEX-42.8M-78.9M-6.4M-33.4M-13.9M
Net VEX-122.3K-177.2K-83.3K-92.2K-141.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.021.110.941.11
Total Volume1,434.851705,018175939
Total OI8,314.35,90714,3775,90714,377

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$158.86$135.0053.9%15.4%55.3%53.6%54.0%3.3%10.3%1.3M-33.4M-92.2K0.9481.3990854,945962
2026-01-05$152.96$150.0056.2%17.6%56.7%57.2%62.6%1.9%-5.7%1.2M-25.9M-86.0K0.2836.94211604,962997
2026-01-06$153.42$150.0059.9%18.7%56.8%62.9%64.9%2.5%-6.6%1.2M-27.9M-87.9K0.1436.89541755,0321,041
2026-01-07$153.56$145.0055.6%19.2%56.2%56.3%62.5%1.7%-9.3%1.3M-27.8M-89.9K0.0237.63879185,3981,093
2026-01-08$148.30$145.0059.4%19.2%56.9%62.1%65.9%3.7%-7.5%1.1M-21.5M-83.3K0.4241.40161685,7881,107
2026-01-09$153.00$150.0052.7%18.7%56.9%51.9%65.8%1.4%-7.1%1.4M-27.7M-86.0K0.0338.92786215,8571,126
2026-01-12$161.61$150.0062.1%18.7%58.2%66.2%65.7%-0.5%-8.6%1.9M-43.1M-96.8K0.1335.83553706,3701,131
2026-01-13$166.00$150.0060.4%19.3%47.9%63.7%65.9%-1.4%-9.3%2.0M-52.9M-98.3K0.0539.803,4991906,4841,132
2026-01-14$166.81$150.0071.1%20.4%47.1%80.1%70.7%3.4%-11.9%1.9M-53.8M-119.7K0.3541.67126447,0961,258
2026-01-15$174.66$150.0066.6%19.1%43.7%73.2%66.3%1.3%-5.2%2.3M-68.8M-117.8K0.0236.303,636797,1051,262
2026-01-16$177.01$150.0067.0%19.2%40.7%73.8%66.7%3.3%-5.3%2.7M-78.9M-141.1K0.1539.62385598,1161,274
2026-01-20$174.77$150.0074.0%21.2%41.5%84.5%73.6%1.0%-9.6%1.4M-50.1M-137.7K0.0544.181,347715,506702
2026-01-21$182.06$155.0075.9%21.8%41.4%87.5%76.0%3.0%-5.8%1.6M-63.1M-150.2K0.1246.71239296,057759
2026-01-22$179.07$155.0073.1%21.0%42.4%83.2%74.9%2.3%-7.4%1.6M-59.7M-150.3K0.1445.03285416,119777
2026-01-23$177.76$155.0074.5%21.4%42.7%85.3%75.2%1.9%-7.4%1.7M-60.3M-159.5K0.1136.353,0923476,354816
2026-01-26$182.16$160.0079.6%22.8%43.1%93.1%80.0%2.2%-12.3%1.9M-70.1M-167.8K0.7616.591,1798946,9741,096
2026-01-27$142.74$160.0055.7%16.0%99.4%56.4%56.0%1.9%-1.3%604.0K-6.4M-100.5K0.3136.783,8221,1968,1032,081
2026-01-28$153.14$150.0052.0%14.9%102.8%50.8%52.8%1.7%-0.6%1.9M-32.0M-162.2K0.1044.822,80029110,2892,520
2026-01-29$153.25$150.0052.7%15.1%102.8%51.8%53.8%1.3%0.6%2.3M-37.8M-177.2K0.5952.8730718211,6522,568
2026-01-30$141.62$150.0053.7%15.4%106.6%53.3%55.0%0.8%0.2%1.2M-13.9M-141.4K1.1147.6744449511,7302,647