SNAP Options History — March 2025

In March 2025, SNAP traded between $8.41 and $9.82. ATM implied volatility averaged 63.8%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 19.8%. IV traded above realized volatility by 19.2% (HV 20d: 44.7%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2025-03-31: Highest Volume — 205,016 contracts
  • 2025-03-24: Largest IV spike — 11.4% change
  • 2025-03-31: Highest IV Rank — 66.1%
  • 2025-03-31: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.21$8.41$9.82$9.80$8.71
Max Pain$11.24$11.00$12.00$11.00$11.00
ATM IV63.8%52.0%90.4%55.6%90.4%
Expected Move19.8%15.4%24.4%16.2%24.4%
HV 20d44.7%32.6%52.9%42.7%51.9%
HV 60d49.3%46.1%51.7%48.7%51.7%
IV Rank31.8%16.6%66.1%21.1%66.1%
IV Percentile54.0%36.5%70.2%49.6%70.2%
Term Structure6.1%-2.3%20.3%-2.0%-2.3%
VWIV69.4%55.1%91.7%57.5%91.7%
Skew 25d2.6%-1.4%5.9%-0.6%-1.4%
Skew 10d4.8%-5.7%15.7%0.1%2.8%
Call IV 25d62.6%51.3%92.8%56.3%92.8%
Put IV 25d65.1%55.7%91.4%55.7%91.4%
Bid-Ask Spread %23.1212.6536.2520.4217.60
Gamma HHI0.100.070.160.090.09
Net GEX423.7K-1.2M2.9M-258.4K717.6K
Net DEX57.0M-12.5M122.0M48.8M35.5M
Net VEX-1.3M-1.4M-1.1M-1.4M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.061.240.600.06
Total Volume66,531.66728,112205,01635,516205,016
Total OI1,103,795.2381,023,4681,228,8211,048,2961,115,460

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$9.80$11.0055.6%16.2%42.7%21.1%57.5%-0.6%-2.0%-258.4K48.8M-1.4M0.6020.4222,13713,379669,926378,370
2025-03-04$9.68$11.0054.4%16.2%42.5%19.6%56.0%3.3%0.1%-656.8K62.9M-1.4M0.3817.2137,84614,489675,363383,506
2025-03-05$9.82$11.0052.0%15.4%40.3%16.6%55.1%4.6%0.1%-74.7K49.1M-1.4M1.2420.4121,53726,604683,853385,869
2025-03-06$9.54$11.0056.4%17.3%32.6%22.2%59.6%3.4%-1.7%-439.6K67.8M-1.4M0.4025.1829,29911,834694,826405,336
2025-03-07$9.73$11.0054.7%16.0%33.8%20.0%55.6%4.5%-0.2%-385.9K57.4M-1.4M1.0020.8816,25216,185703,665406,520
2025-03-10$9.13$11.0057.4%20.0%37.6%23.5%65.3%3.8%9.5%-705.2K91.8M-1.2M0.7632.2229,06722,064668,506397,078
2025-03-11$8.91$11.0059.7%19.2%37.9%26.5%66.7%5.0%2.9%-1.0M102.9M-1.2M0.4228.4119,8038,309674,875404,406
2025-03-12$8.89$11.0056.9%17.1%37.6%22.8%60.5%4.4%4.4%-1.2M104.3M-1.2M0.5132.3835,25117,928681,661406,665
2025-03-13$8.41$11.0057.8%18.0%41.0%24.0%63.0%4.0%4.5%-913.8K122.0M-1.1M0.3636.2539,73414,159702,446411,509
2025-03-14$8.59$11.0055.0%15.4%38.4%20.3%55.1%5.9%2.9%-514.3K109.2M-1.2M0.6432.3229,28618,628727,031414,944
2025-03-17$9.07$12.0055.7%21.4%45.0%21.2%73.5%3.2%8.9%-100.9K72.6M-1.3M0.1712.6540,3286,758715,271401,714
2025-03-18$8.71$12.0056.4%21.9%45.9%22.2%76.7%1.2%17.5%-64.8K86.4M-1.2M0.5917.9028,98716,976723,662403,296
2025-03-19$9.14$12.0060.5%21.7%50.5%27.5%75.3%1.4%20.3%608.8K58.2M-1.3M0.1418.0053,3337,451741,236413,204
2025-03-20$9.30$12.0060.7%21.9%51.3%27.8%75.3%1.5%12.9%1.4M38.1M-1.4M0.1417.73149,54220,560760,455415,133
2025-03-21$9.29$12.0065.7%21.6%50.5%34.2%74.1%1.8%18.0%1.8M42.4M-1.4M0.5921.9838,06722,275807,863420,958
2025-03-24$9.52$11.0073.2%20.8%51.2%43.9%72.7%4.2%4.2%2.8M-2.8M-1.4M0.4026.7847,93719,291665,744357,724
2025-03-25$9.64$11.0073.8%21.5%51.6%44.7%74.2%4.3%8.5%2.9M-12.5M-1.4M0.1621.9866,00110,341672,845366,321
2025-03-26$9.36$11.0077.0%22.3%51.3%48.8%78.4%0.4%7.7%2.3M6.3M-1.4M0.2721.7743,26311,860703,797370,707
2025-03-27$9.25$11.0079.0%22.7%51.3%51.3%81.0%-0.7%5.6%1.9M16.2M-1.4M0.2326.1055,47012,689727,377376,675
2025-03-28$8.84$11.0087.8%23.9%52.9%62.7%89.2%0.0%5.3%765.4K40.7M-1.4M0.4417.4067,41829,811760,764383,139
2025-03-31$8.71$11.0090.4%24.4%51.9%66.1%91.7%-1.4%-2.3%717.6K35.5M-1.3M0.0617.60192,60712,409749,045366,415