SNAP Options History — May 2024

In May 2024, SNAP traded between $15.00 and $17.04. ATM implied volatility averaged 42.8%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 38.6% (HV 20d: 81.4%). Max pain ranged from $12.00 to $14.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2024-05-01: Highest Volume — 188,229 contracts
  • 2024-05-03: Largest IV drop — 7.5% change
  • 2024-05-01: Highest IV Rank — 12.7%
  • 2024-05-01: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.91$15.00$17.04$15.84$15.00
Max Pain$13.68$12.00$14.00$12.00$14.00
ATM IV42.8%39.3%50.6%50.6%41.7%
Expected Move12.3%11.2%15.6%15.6%12.2%
HV 20d81.4%36.5%95.9%95.9%36.5%
HV 60d68.2%62.9%110.4%110.4%64.3%
IV Rank3.2%0.0%12.7%12.7%3.1%
IV Percentile6.1%0.0%36.9%36.9%4.0%
Term Structure-0.2%-2.5%1.9%-0.8%-2.5%
VWIV44.1%39.4%55.0%55.0%42.8%
Skew 25d-1.0%-4.0%0.4%-0.6%-0.9%
Skew 10d-1.5%-7.2%1.7%-1.2%-1.2%
Call IV 25d44.1%40.0%51.0%51.0%43.5%
Put IV 25d43.0%39.1%50.3%50.3%42.6%
Bid-Ask Spread %21.5012.2335.9221.8825.00
Gamma HHI0.150.100.370.160.37
Net GEX9.5M-5.5M18.7M18.7M-5.5M
Net DEX-739.4M-1.15B-305.4M-991.2M-305.4M
Net VEX-3.6M-3.8M-3.4M-3.7M-3.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.291.540.800.77
Total Volume88,801.531,998188,229188,22958,524
Total OI1,645,545.1361,391,1281,852,8411,757,8351,467,349

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$15.84$12.0050.6%15.6%95.9%12.7%55.0%-0.6%-0.8%18.7M-991.2M-3.7M0.8021.88104,79883,4311,127,671630,164
2024-05-02$16.19$12.0048.0%14.6%95.7%9.4%52.1%-0.1%-0.1%17.4M-1.06B-3.7M0.6720.8069,98946,7041,127,172664,465
2024-05-03$16.36$12.0044.4%13.2%95.3%4.6%47.5%-0.6%0.2%16.7M-1.09B-3.7M0.7824.3652,35740,5811,128,645673,050
2024-05-06$16.88$13.0045.7%12.8%95.3%6.3%45.2%-1.1%-0.4%14.1M-1.14B-3.6M1.2822.3645,69958,4521,075,414604,129
2024-05-07$17.04$14.0044.6%12.8%95.2%4.9%45.8%-0.3%1.3%13.9M-1.15B-3.6M1.4221.1063,44890,3921,082,741629,171
2024-05-08$16.74$14.0043.7%12.5%94.8%3.6%43.7%-0.4%1.9%12.5M-1.06B-3.8M1.4616.6438,77056,5471,083,679689,279
2024-05-09$16.55$14.0042.5%11.9%95.4%2.1%42.4%0.2%-0.7%11.1M-1.01B-3.7M1.5419.4639,72561,3661,082,902710,305
2024-05-10$16.00$14.0041.8%12.1%95.1%1.2%44.4%-1.2%0.8%5.1M-880.3M-3.7M0.8012.2365,42652,5481,085,209724,998
2024-05-13$15.66$14.0042.5%12.2%92.5%2.0%44.8%-0.7%-0.4%13.1M-810.7M-3.6M0.7122.1042,38130,0731,073,022680,253
2024-05-14$15.61$14.0043.5%12.5%92.8%3.4%43.9%0.4%-0.1%13.8M-795.2M-3.7M0.5813.4456,48332,8021,086,559691,157
2024-05-15$16.26$14.0042.6%11.7%91.9%2.2%41.7%-0.4%-2.0%10.3M-968.9M-3.7M0.4316.8869,66929,9951,100,886694,259
2024-05-16$16.09$14.0042.2%11.9%91.8%1.6%46.0%-1.0%-0.6%8.6M-954.7M-3.7M0.3317.8247,53215,6061,125,841702,569
2024-05-17$16.11$14.0040.7%11.6%89.7%0.0%41.3%-1.5%-0.8%7.8M-963.2M-3.7M0.4113.2240,16116,5851,145,611707,230
2024-05-20$16.38$14.0042.5%12.0%89.4%2.3%42.6%-4.0%0.4%8.0M-540.0M-3.7M0.3517.24114,60539,635809,194581,934
2024-05-21$15.55$14.0039.6%11.3%92.9%0.0%40.7%-3.0%1.3%7.4M-407.3M-3.6M0.4827.4974,39535,477856,432605,737
2024-05-22$15.86$14.0040.1%11.5%91.5%0.6%41.3%-1.7%0.2%8.5M-457.2M-3.7M0.2922.0128,1388,276867,145611,572
2024-05-23$15.20$14.0040.8%11.7%93.6%1.5%42.4%-1.1%-0.4%5.2M-336.7M-3.6M0.5135.9244,99523,154870,705612,524
2024-05-24$15.21$14.0039.3%11.2%42.9%0.0%39.4%-0.3%1.2%5.6M-332.5M-3.6M0.7323.6422,39716,306871,768618,377
2024-05-28$15.30$14.0041.2%11.7%43.0%2.5%41.0%-1.4%-0.9%5.9M-356.1M-3.5M0.7926.8219,28415,229834,779592,482
2024-05-29$15.21$14.0041.0%12.0%41.2%2.2%42.5%-1.2%-1.6%5.6M-347.9M-3.5M0.4627.5421,86510,133844,724592,800
2024-05-30$15.09$14.0042.1%12.5%37.6%3.5%44.5%-1.8%-1.2%5.3M-320.9M-3.5M1.3624.9429,55740,143845,147592,943
2024-05-31$15.00$14.0041.7%12.2%36.5%3.1%42.8%-0.9%-2.5%-5.5M-305.4M-3.4M0.7725.0033,02325,501859,669607,680