SNAP Options History — January 2024

In January 2024, SNAP traded between $15.39 and $17.29. ATM implied volatility averaged 85.0%, placing in the 59.3% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded above realized volatility by 42.6% (HV 20d: 42.4%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2024-01-16: Highest Volume — 141,741 contracts
  • 2024-01-08: Largest IV spike — 7.5% change
  • 2024-01-31: Highest IV Rank — 72.9%
  • 2024-01-31: Largest Expected Move — 35.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.38$15.39$17.29$15.98$15.93
Max Pain$14.71$12.00$15.00$12.00$15.00
ATM IV85.0%69.2%95.1%69.2%95.1%
Expected Move25.1%13.5%35.6%13.5%35.6%
HV 20d42.4%37.5%47.5%37.5%44.3%
HV 60d41.0%37.8%44.5%44.0%39.1%
IV Rank59.3%38.1%72.9%38.1%72.9%
IV Percentile77.6%61.9%91.7%61.9%91.7%
Term Structure-3.7%-7.3%7.3%5.8%-7.3%
VWIV89.6%48.5%124.9%49.1%124.9%
Skew 25d-2.0%-5.2%0.7%0.4%-2.5%
Skew 10d-4.2%-9.0%0.7%-0.6%-5.6%
Call IV 25d88.1%73.1%97.5%73.1%97.5%
Put IV 25d86.1%73.5%94.9%73.5%94.9%
Bid-Ask Spread %2.591.413.831.413.29
Gamma HHI0.120.090.190.100.09
Net GEX6.3M3.3M8.9M3.7M5.7M
Net DEX-559.1M-878.5M-350.1M-718.9M-350.1M
Net VEX-2.9M-3.2M-2.7M-2.8M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.190.970.970.58
Total Volume90,364.57138,009141,741127,08699,672
Total OI1,512,601.6191,003,0271,954,7411,880,3311,203,706

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$15.98$12.0069.2%13.5%37.5%38.1%49.1%0.4%5.8%3.7M-718.9M-2.8M0.971.4164,51562,5711,135,239745,092
2024-01-03$15.79$12.0073.5%13.7%37.6%43.8%48.5%-0.6%7.1%5.2M-696.6M-2.8M0.771.7159,33445,5751,166,891753,566
2024-01-04$16.23$15.0075.7%22.3%38.3%46.8%78.9%-0.4%7.3%7.3M-812.2M-2.8M0.491.9441,74020,4471,188,999757,795
2024-01-05$16.55$15.0076.1%22.1%38.4%47.3%77.7%0.7%6.8%7.4M-878.5M-2.8M0.481.9857,14727,5671,193,688761,053
2024-01-08$17.27$15.0081.8%22.6%40.1%55.0%80.5%-0.2%-4.4%7.2M-714.0M-2.8M0.672.1852,11435,0041,016,590587,773
2024-01-09$17.01$15.0084.3%22.9%40.3%58.4%81.1%-0.2%-5.2%7.6M-678.0M-2.8M0.281.9788,20924,3541,035,671601,790
2024-01-10$17.29$15.0085.0%22.5%37.9%59.4%79.1%-0.6%-6.4%8.9M-725.7M-2.8M0.712.1439,12127,7191,052,252608,712
2024-01-11$17.02$15.0083.8%22.5%38.6%57.7%79.1%0.2%-6.5%8.7M-680.2M-2.8M0.362.1754,57619,4111,054,584608,171
2024-01-12$16.41$15.0084.0%22.7%38.5%58.0%80.2%-0.4%-7.0%6.3M-572.9M-2.7M0.511.9386,14443,6331,059,832613,185
2024-01-16$15.48$15.0085.5%24.2%42.5%60.0%88.5%-3.9%-5.8%3.3M-438.3M-2.7M0.472.9096,64345,0981,041,097599,072
2024-01-17$15.39$15.0086.7%24.8%42.5%61.5%93.9%-4.4%-6.0%4.1M-440.7M-2.7M0.302.1283,96225,4021,085,302605,902
2024-01-18$16.16$15.0085.9%24.9%46.5%60.5%90.3%-5.2%-6.8%6.7M-580.5M-2.8M0.342.1360,56420,8731,127,398606,622
2024-01-19$16.38$15.0085.8%25.2%46.5%60.3%92.7%-5.1%-6.4%7.6M-615.5M-2.9M0.193.7363,94511,8511,145,283609,151
2024-01-22$16.56$15.0089.1%27.4%45.7%64.8%97.4%-3.4%-5.1%5.3M-394.5M-2.9M0.273.7268,98018,947615,131387,896
2024-01-23$16.29$15.0088.3%27.6%44.9%63.8%99.1%-3.2%-5.2%6.0M-376.7M-2.9M0.733.0349,78836,359655,608397,078
2024-01-24$16.38$15.0088.9%28.4%45.0%64.5%102.0%-3.3%-6.0%6.5M-403.4M-3.0M0.663.0437,18624,367685,806423,719
2024-01-25$16.23$15.0089.5%28.8%44.9%65.4%100.6%-3.5%-6.4%5.9M-386.3M-3.1M0.483.5348,20523,258701,630435,414
2024-01-26$16.26$15.0089.3%29.4%44.9%65.1%104.3%-3.5%-7.2%5.9M-387.9M-3.1M0.443.8364,58528,583719,097448,825
2024-01-29$16.87$15.0092.7%32.5%46.9%69.7%114.7%-2.0%-6.0%7.0M-461.4M-3.2M0.563.0865,67236,526695,716443,283
2024-01-30$16.52$15.0093.8%33.8%47.5%71.2%118.7%-1.3%-6.6%6.9M-428.1M-3.2M0.692.6422,52215,487728,847462,168
2024-01-31$15.93$15.0095.1%35.6%44.3%72.9%124.9%-2.5%-7.3%5.7M-350.1M-3.1M0.583.2962,91136,761736,171467,535