SNAP Options History — October 2023

In October 2023, SNAP traded between $8.52 and $10.04. ATM implied volatility averaged 85.7%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded above realized volatility by 41.4% (HV 20d: 44.3%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2023-10-24: Highest Volume — 547,997 contracts
  • 2023-10-25: Largest IV drop — 42.2% change
  • 2023-10-20: Highest IV Rank — 80.1%
  • 2023-10-23: Largest Expected Move — 30.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.21$8.52$10.04$8.71$10.04
Max Pain$9.27$9.00$10.00$10.00$9.50
ATM IV85.7%50.3%101.0%85.3%50.3%
Expected Move23.1%15.3%30.7%16.5%15.3%
HV 20d44.3%29.2%57.1%39.3%56.7%
HV 60d49.1%42.4%56.4%54.4%45.4%
IV Rank58.8%9.4%80.1%58.2%9.4%
IV Percentile69.7%13.5%90.1%73.4%13.5%
Term Structure-5.0%-8.7%0.7%-3.4%0.5%
VWIV81.9%53.9%108.2%58.3%53.9%
Skew 25d-0.4%-3.1%2.8%-1.1%2.8%
Skew 10d-0.9%-3.9%7.6%-2.9%5.7%
Call IV 25d87.7%50.7%107.2%86.0%50.7%
Put IV 25d87.3%53.4%105.0%84.9%53.4%
Bid-Ask Spread %2.521.815.112.182.37
Gamma HHI0.100.080.140.130.12
Net GEX2.3M-84.8K6.0M-84.8K6.0M
Net DEX-34.1M-120.6M52.3M47.8M-110.3M
Net VEX-1.8M-2.0M-1.6M-1.6M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.140.950.140.41
Total Volume120,068.31828,055547,99778,38567,967
Total OI1,568,777.4091,362,1791,864,9041,362,1791,591,516

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$8.71$10.0085.3%16.5%39.3%58.2%58.3%-1.1%-3.4%-84.8K47.8M-1.6M0.142.1868,8269,559899,395462,784
2023-10-03$8.52$10.0088.3%17.1%39.4%62.3%61.0%-0.4%-4.6%231.1K52.3M-1.6M0.395.1136,50314,320942,262464,720
2023-10-04$8.66$10.0087.2%15.9%30.1%60.8%56.9%-0.5%-4.9%841.6K34.6M-1.6M0.252.8137,1609,161963,676465,645
2023-10-05$8.77$9.0087.9%23.1%30.4%61.9%81.5%-0.4%-5.2%1.4M20.1M-1.7M0.492.7318,8109,245986,046468,257
2023-10-06$8.61$9.0091.4%23.8%29.4%66.7%85.0%-1.7%-5.9%279.2K35.2M-1.6M0.522.5134,26317,783990,600471,747
2023-10-09$8.59$9.0093.3%24.5%29.2%69.5%88.2%-0.9%-6.4%506.2K35.2M-1.6M0.252.5250,40012,804973,719466,943
2023-10-10$8.84$9.0099.0%26.0%31.4%77.3%92.4%-1.2%-7.1%1.6M-2.3M-1.7M0.422.2899,95741,8461,002,921469,077
2023-10-11$9.09$9.00100.2%26.5%32.5%79.0%93.4%0.7%-8.2%2.9M-45.4M-1.8M0.372.4729,50410,8531,036,629474,786
2023-10-12$9.18$9.0099.2%26.5%32.5%77.5%93.9%0.3%-8.1%3.5M-59.7M-1.8M0.452.4354,54224,6011,044,296479,189
2023-10-13$8.71$9.00100.2%27.1%37.2%79.1%96.4%-1.3%-8.7%1.0M3.6M-1.7M0.302.3342,00912,8101,052,673489,612
2023-10-16$9.71$9.0098.1%27.4%53.2%76.0%96.7%-0.7%-6.9%3.4M-107.4M-1.8M0.591.81150,51289,4241,024,570488,342
2023-10-17$9.64$9.0096.6%27.4%53.3%73.9%95.4%-0.3%-7.0%3.7M-106.0M-1.9M0.442.1089,00439,1271,079,366542,651
2023-10-18$9.55$9.0095.3%27.3%53.5%72.1%96.2%-1.3%-6.4%3.2M-89.9M-1.9M0.782.2526,82820,9821,088,090558,650
2023-10-19$9.61$9.0095.3%27.6%51.2%72.2%97.6%-0.5%-6.4%3.9M-98.4M-1.9M0.462.5534,15015,5501,093,180559,395
2023-10-20$9.46$9.00101.0%29.7%51.6%80.1%105.9%-3.1%-8.0%2.2M-74.8M-1.9M0.612.0896,57658,5641,092,479560,974
2023-10-23$9.52$9.0099.6%30.7%50.8%78.2%108.2%-0.4%-7.1%2.6M-86.0M-1.9M0.952.4564,19760,9881,023,719488,436
2023-10-24$9.82$9.0098.1%30.6%49.6%76.1%107.7%-2.8%-7.0%3.0M-120.6M-2.0M0.532.70359,019188,9781,054,028526,614
2023-10-25$9.21$10.0056.7%17.3%55.7%18.4%62.5%0.5%-0.5%1.5M6.4M-1.7M0.562.66234,954132,6861,189,220651,111
2023-10-26$9.32$9.5055.3%16.7%55.6%16.4%59.0%0.4%-0.8%2.4M-10.0M-1.8M0.552.5578,14842,9071,210,691645,992
2023-10-27$9.32$9.5053.9%16.3%55.3%14.5%57.7%0.5%0.0%2.7M-8.2M-1.7M0.422.3850,23721,0481,220,110644,794
2023-10-30$9.75$9.5052.7%15.8%57.1%12.8%54.6%2.3%0.7%4.6M-65.6M-1.8M0.292.2665,57319,1281,077,643496,555
2023-10-31$10.04$9.5050.3%15.3%56.7%9.4%53.9%2.8%0.5%6.0M-110.3M-1.9M0.412.3748,07919,8881,093,216498,300