SANM Options History — February 2026

In February 2026, SANM traded between $141.06 and $161.25. ATM implied volatility averaged 58.7%, placing in the 61.0% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded below realized volatility by 41.9% (HV 20d: 100.5%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.50.

Notable Days

2026-02-24: Highest Volume — 757 contracts
2026-02-06: Largest IV drop — 7.3% change
2026-02-05: Highest IV Rank — 66.1%
2026-02-24: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$150.50	$141.06	$161.25	$150.19	$155.40
Max Pain	$149.47	$145.00	$150.00	$150.00	$150.00
ATM IV	58.7%	56.4%	62.0%	57.3%	60.3%
Expected Move	16.7%	16.1%	17.3%	16.4%	17.3%
HV 20d	100.5%	60.0%	110.8%	107.0%	61.4%
HV 60d	76.1%	72.7%	79.6%	78.9%	74.2%
IV Rank	61.0%	57.5%	66.1%	58.9%	63.5%
IV Percentile	80.7%	72.6%	87.7%	78.2%	85.3%
Term Structure	-1.8%	-3.5%	-0.3%	-3.0%	-0.6%
VWIV	58.8%	53.1%	61.7%	58.5%	61.7%
Skew 25d	3.4%	-2.0%	6.3%	-2.0%	4.3%
Skew 10d	10.1%	1.4%	22.2%	4.9%	8.9%
Call IV 25d	57.7%	54.5%	59.6%	59.1%	59.6%
Put IV 25d	61.1%	57.1%	63.9%	57.1%	63.9%
Bid-Ask Spread %	64.45	46.28	72.84	46.28	71.86
Gamma HHI	0.17	0.13	0.33	0.14	0.17
Net GEX	1.3M	482.1K	2.2M	2.0M	707.4K
Net DEX	-21.4M	-36.2M	-7.4M	-32.2M	-22.5M
Net VEX	-117.5K	-166.2K	-83.7K	-165.0K	-101.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.10	1.63	0.10	0.16
Total Volume	323.211	96	757	666	96
Total OI	12,287.263	4,501	15,098	14,610	5,484

Daily Data (19 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
2026-02-02	$150.19	$150.00	57.3%	16.4%	107.0%	58.9%	58.5%	-2.0%	-3.0%	2.0M	-32.2M	-165.0K	0.10	46.28	606	60	11,838	2,772
2026-02-03	$153.34	$150.00	59.2%	17.0%	106.5%	61.8%	60.6%	3.3%	-1.6%	2.2M	-36.2M	-166.2K	0.32	53.24	217	69	11,805	2,850
2026-02-04	$146.39	$150.00	59.6%	17.1%	107.8%	62.5%	59.6%	2.8%	-2.1%	1.7M	-22.6M	-149.6K	0.82	60.50	217	177	11,815	2,817
2026-02-05	$141.06	$150.00	62.0%	16.5%	108.4%	66.1%	58.5%	0.3%	-1.4%	1.1M	-13.6M	-135.3K	0.84	62.02	164	138	11,851	2,950
2026-02-06	$151.14	$150.00	57.5%	16.2%	110.8%	59.2%	55.9%	6.3%	-1.5%	2.0M	-28.5M	-153.4K	0.26	63.49	229	60	11,869	3,034
2026-02-09	$151.01	$150.00	58.4%	16.4%	110.2%	60.6%	57.7%	5.0%	-2.2%	2.1M	-27.5M	-140.6K	0.18	66.26	169	31	11,780	3,037
2026-02-10	$150.34	$150.00	56.4%	16.1%	108.3%	57.5%	57.8%	3.4%	-1.2%	1.9M	-24.8M	-132.0K	0.40	65.79	136	55	11,860	3,041
2026-02-11	$148.34	$150.00	56.6%	16.2%	107.7%	57.8%	53.1%	3.2%	-1.6%	1.7M	-20.5M	-125.3K	0.33	68.56	214	70	11,955	3,042
2026-02-12	$142.53	$150.00	59.7%	17.1%	108.3%	62.6%	58.8%	4.5%	-0.3%	710.8K	-7.4M	-108.7K	0.29	70.53	219	64	12,017	3,065
2026-02-13	$146.61	$150.00	58.1%	16.7%	107.3%	60.2%	57.9%	4.1%	-0.3%	1.2M	-15.6M	-111.5K	0.12	68.52	102	12	12,047	3,023
2026-02-17	$147.35	$150.00	58.9%	16.9%	107.1%	61.3%	58.4%	4.7%	-2.7%	1.3M	-15.6M	-99.0K	1.63	62.52	87	142	12,029	3,022
2026-02-18	$148.88	$150.00	58.2%	16.7%	107.3%	60.2%	58.8%	2.4%	-2.3%	1.3M	-17.0M	-95.1K	0.39	65.80	120	47	12,060	3,009
2026-02-19	$147.63	$150.00	57.9%	16.6%	105.8%	59.8%	59.6%	3.6%	-3.0%	960.1K	-13.6M	-89.2K	0.96	67.70	84	81	12,089	3,009
2026-02-20	$149.66	$150.00	56.7%	16.2%	106.1%	57.9%	61.3%	3.5%	-3.5%	1.4M	-18.6M	-86.5K	1.01	66.67	282	286	12,087	2,909
2026-02-23	$148.00	$145.00	58.6%	16.8%	106.1%	60.9%	59.1%	5.9%	-2.7%	482.1K	-14.4M	-83.7K	0.13	65.63	249	33	3,408	1,093
2026-02-24	$159.56	$145.00	60.3%	17.3%	109.7%	63.5%	61.3%	3.2%	-3.4%	605.1K	-24.3M	-92.9K	0.28	61.19	590	167	3,507	1,122
2026-02-25	$161.25	$150.00	59.8%	17.2%	64.6%	62.8%	60.3%	3.4%	-0.8%	677.9K	-27.0M	-98.3K	0.90	65.08	145	131	3,779	1,232
2026-02-26	$160.79	$150.00	59.0%	16.9%	60.0%	61.5%	59.0%	3.6%	-0.8%	632.8K	-24.5M	-98.0K	0.31	72.84	453	139	3,804	1,347
2026-02-27	$155.40	$150.00	60.3%	17.3%	61.4%	63.5%	61.7%	4.3%	-0.6%	707.4K	-22.5M	-101.3K	0.16	71.86	83	13	4,130	1,354