SNAP Options History — August 2019

In August 2019, SNAP traded between $15.43 and $17.05. ATM implied volatility averaged 48.3%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 9.8% (HV 20d: 58.1%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2019-08-27: Highest Volume — 149,819 contracts
  • 2019-08-05: Largest IV spike — 10.0% change
  • 2019-08-05: Highest IV Rank — 28.0%
  • 2019-08-14: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.24$15.43$17.05$16.73$15.78
Max Pain$15.82$14.00$16.00$14.00$16.00
ATM IV48.3%44.2%53.0%47.7%44.4%
Expected Move13.8%12.5%15.2%13.2%12.6%
HV 20d58.1%34.7%72.4%68.5%37.5%
HV 60d56.4%51.6%59.0%58.8%51.6%
IV Rank20.3%11.4%28.0%19.6%11.4%
IV Percentile27.4%4.8%46.0%25.8%5.6%
Term Structure0.2%-1.0%0.9%-0.3%0.1%
VWIV48.6%44.2%53.2%46.1%45.7%
Skew 25d3.1%0.6%5.4%2.5%1.9%
Skew 10d6.5%1.6%10.7%6.0%4.8%
Call IV 25d48.0%44.7%51.3%47.2%44.8%
Put IV 25d51.1%46.5%56.4%49.7%46.6%
Bid-Ask Spread %2.682.043.812.923.22
Gamma HHI0.140.110.510.140.13
Net GEX10.5M6.3M21.3M11.9M8.2M
Net DEX-567.6M-817.7M-365.5M-739.0M-412.4M
Net VEX-2.4M-2.6M-2.3M-2.5M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.120.700.530.60
Total Volume87,077.45542,411149,819115,84742,411
Total OI1,344,468.6821,124,9661,526,4241,520,5591,259,181

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$16.73$14.0047.7%13.2%68.5%19.6%46.1%2.5%-0.3%11.9M-739.0M-2.5M0.532.9275,82140,026926,936593,623
2019-08-02$16.97$14.0048.2%14.2%67.9%20.5%49.4%2.6%-1.0%8.2M-787.1M-2.6M0.343.7984,19328,207928,832597,592
2019-08-05$16.45$16.0053.0%15.2%69.1%28.0%52.8%4.3%0.1%11.7M-662.2M-2.5M0.382.9363,57624,007870,417564,843
2019-08-06$16.34$16.0049.8%14.3%69.1%23.0%50.4%3.8%0.0%11.6M-637.8M-2.5M0.362.1667,11824,115866,548568,719
2019-08-07$15.93$16.0050.9%14.7%69.9%24.7%51.4%4.0%0.0%10.3M-550.3M-2.5M0.702.0438,11226,638879,772576,833
2019-08-08$16.76$16.0049.2%14.1%71.9%22.1%49.9%4.0%0.0%12.2M-734.3M-2.4M0.442.3585,26137,101883,096574,156
2019-08-09$17.05$16.0048.2%13.9%72.0%20.4%48.5%3.8%0.3%15.3M-817.7M-2.5M0.222.8386,35719,022909,859587,480
2019-08-12$16.79$16.0050.5%14.5%72.2%24.0%50.6%4.0%0.3%11.3M-744.2M-2.4M0.362.2747,66717,125876,438560,638
2019-08-13$16.99$16.0048.0%13.8%70.9%20.2%48.7%4.0%0.1%11.9M-793.3M-2.4M0.422.8642,77118,048887,511567,695
2019-08-14$16.40$16.0051.6%15.2%72.4%25.9%52.6%4.6%0.9%9.5M-659.3M-2.4M0.433.4940,12617,092891,790572,165
2019-08-15$15.99$16.0052.3%15.0%72.2%26.9%53.2%5.4%0.0%9.8M-575.2M-2.4M0.422.2944,20118,726894,544573,010
2019-08-16$15.97$16.0048.8%13.9%70.5%21.3%49.4%4.9%-0.5%21.3M-556.5M-2.3M0.442.3694,11941,486898,128579,160
2019-08-19$16.14$16.0046.2%13.2%70.5%17.4%46.2%3.1%0.5%7.1M-437.9M-2.3M0.292.4847,25213,925660,402464,564
2019-08-20$16.16$16.0045.5%13.1%69.1%16.3%45.5%2.7%0.4%7.9M-445.2M-2.3M0.213.8163,11413,196675,537468,480
2019-08-21$16.11$16.0044.3%12.7%35.2%14.3%44.7%1.1%0.7%9.5M-443.1M-2.3M0.122.8692,76611,153692,535468,116
2019-08-22$16.07$16.0046.9%13.4%34.7%18.4%47.2%0.6%0.2%10.8M-453.9M-2.4M0.182.30104,23119,176736,633470,175
2019-08-23$15.61$16.0048.0%13.7%34.7%20.2%48.0%2.2%0.5%6.3M-388.5M-2.3M0.382.5152,56020,135760,143476,461
2019-08-26$16.09$16.0047.6%13.6%36.6%19.5%47.6%2.4%0.7%8.4M-457.9M-2.3M0.142.6643,1835,882712,859464,232
2019-08-27$15.43$16.0049.6%14.2%37.1%22.6%49.8%2.7%0.1%6.4M-365.5M-2.3M0.252.23120,24429,575716,301468,018
2019-08-28$15.61$16.0047.3%13.3%37.5%17.3%47.2%2.4%0.1%8.6M-392.1M-2.3M0.232.2970,68516,345741,249473,424
2019-08-29$15.86$16.0044.2%12.5%38.0%12.4%44.2%2.1%0.7%11.6M-433.7M-2.3M0.372.3850,26418,692761,037479,179
2019-08-30$15.78$16.0044.4%12.6%37.5%11.4%45.7%1.9%0.1%8.2M-412.4M-2.3M0.603.2226,45015,961769,939489,242