SNAP Options History — April 2025

In April 2025, SNAP traded between $7.12 and $9.07. ATM implied volatility averaged 106.8%, placing in the 78.6% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded above realized volatility by 13.5% (HV 20d: 93.2%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-04-29: Highest Volume — 571,015 contracts
  • 2025-04-30: Largest IV drop — 44.9% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-29: Largest Expected Move — 36.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.12$7.12$9.07$8.93$7.88
Max Pain$10.57$10.00$11.00$11.00$10.00
ATM IV106.8%56.6%128.0%100.3%56.6%
Expected Move30.4%17.1%36.6%25.0%17.1%
HV 20d93.2%52.6%118.6%53.0%118.6%
HV 60d66.3%49.7%77.6%51.3%77.6%
IV Rank78.6%19.6%100.0%78.8%19.6%
IV Percentile92.0%47.2%100.0%88.9%47.2%
Term Structure-9.2%-32.0%-0.7%-8.9%-0.7%
VWIV106.8%60.0%127.3%89.9%60.0%
Skew 25d11.1%-49.1%67.7%2.2%2.8%
Skew 10d12.7%-36.5%66.0%3.9%4.7%
Call IV 25d95.6%55.5%118.8%99.5%55.5%
Put IV 25d106.7%58.3%130.4%101.7%58.3%
Bid-Ask Spread %26.762.7862.7612.543.46
Gamma HHI0.110.080.170.090.17
Net GEX1.4M-1.9M4.5M1.7M-1.9M
Net DEX28.6M-111.8M101.2M8.6M101.2M
Net VEX-1.2M-1.6M-1.0M-1.4M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.101.200.160.66
Total Volume130,968.04844,438571,01544,438409,652
Total OI1,285,317.7621,159,9991,779,4631,159,9991,779,463

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$8.93$11.00100.3%25.0%53.0%78.8%89.9%2.2%-8.9%1.7M8.6M-1.4M0.1612.5438,2306,208791,172368,827
2025-04-02$8.84$11.00101.5%25.4%52.6%80.4%91.6%-3.7%-7.4%1.5M14.0M-1.4M0.3417.5742,29014,432797,511371,315
2025-04-03$8.05$11.00110.6%28.4%60.8%92.1%101.9%-1.2%-7.7%541.0K61.4M-1.2M0.4338.2664,63927,760812,571378,098
2025-04-04$8.11$11.00119.8%31.1%60.2%100.0%109.6%11.7%-6.1%614.8K48.9M-1.3M0.8037.5465,65952,764835,489381,394
2025-04-07$7.67$11.00122.4%31.2%59.3%100.0%109.9%-49.1%-11.4%672.2K64.7M-1.1M0.7540.9047,14735,344813,926369,205
2025-04-08$7.12$11.00125.2%33.4%63.6%100.0%114.7%67.7%-6.2%240.9K89.8M-1.0M0.3441.2658,04319,780827,834378,664
2025-04-09$8.79$11.00106.1%28.0%101.3%77.9%97.7%13.0%-10.2%1.9M4.1M-1.3M0.2638.79113,30329,318843,624387,570
2025-04-10$7.75$11.00128.0%30.4%109.1%100.0%108.1%50.2%-32.0%1.1M44.0M-1.2M0.3262.7674,03723,502871,794392,599
2025-04-11$7.95$11.00114.4%31.3%109.3%84.7%103.5%22.1%-9.2%1.6M59.3M-1.2M0.8241.7036,12029,577890,589399,020
2025-04-14$7.96$11.00104.7%29.2%107.1%73.7%99.7%15.9%-5.2%765.2K59.8M-1.2M0.2135.6745,6489,618850,416378,487
2025-04-15$7.81$11.00107.3%30.6%106.5%76.8%105.9%15.6%-21.7%703.1K61.3M-1.1M0.5534.9840,07822,139872,222379,969
2025-04-16$7.70$11.00106.1%30.4%104.6%75.3%107.8%14.7%-3.9%382.2K69.0M-1.1M0.5538.6332,07417,512896,955392,267
2025-04-17$7.87$10.00104.3%30.3%104.8%73.4%110.5%13.2%-7.4%768.0K63.1M-1.2M1.2031.9034,61241,360911,981396,206
2025-04-21$7.58$10.00108.2%32.8%105.2%77.7%113.1%26.2%-7.4%667.3K54.4M-1.1M0.2423.5565,73715,681798,166362,367
2025-04-22$7.80$10.00106.4%32.8%105.4%75.7%113.7%10.3%-7.3%1.1M39.0M-1.2M0.4927.7951,08625,265830,851370,829
2025-04-23$7.92$10.00109.4%33.5%105.5%79.1%119.1%5.6%-10.8%1.5M27.8M-1.2M0.1014.00196,48619,153852,446385,502
2025-04-24$8.32$10.00107.4%34.5%107.3%76.8%121.3%1.5%-8.7%3.4M-30.2M-1.4M0.462.7877,16035,150982,266396,679
2025-04-25$8.55$10.00101.5%33.3%107.9%70.2%117.9%1.9%-6.6%4.1M-55.2M-1.4M0.396.4077,48330,571996,314423,672
2025-04-28$8.89$10.0099.1%33.8%107.7%67.5%119.4%4.6%-5.1%3.7M-72.4M-1.5M0.366.80113,81140,885970,965396,003
2025-04-29$9.07$10.00102.8%36.6%107.8%71.6%127.3%7.7%-8.6%4.5M-111.8M-1.6M0.324.70433,964137,0511,034,249422,196
2025-04-30$7.88$10.0056.6%17.1%118.6%19.6%60.0%2.8%-0.7%-1.9M101.2M-1.0M0.663.46247,120162,5321,271,069508,394