SNAP Options History — May 2025

In May 2025, SNAP traded between $7.84 and $9.14. ATM implied volatility averaged 51.1%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 33.0% (HV 20d: 84.1%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2025-05-02: Highest Volume — 204,739 contracts
  • 2025-05-05: Largest IV spike — 5.1% change
  • 2025-05-05: Highest IV Rank — 17.8%
  • 2025-05-01: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.47$7.84$9.14$7.84$8.21
Max Pain$9.79$9.00$10.00$9.50$9.00
ATM IV51.1%48.6%55.0%54.8%48.6%
Expected Move14.6%13.7%16.2%16.2%13.7%
HV 20d84.1%54.7%118.6%118.6%54.9%
HV 60d79.3%77.1%80.5%77.1%80.2%
IV Rank13.4%10.6%17.8%17.5%10.6%
IV Percentile28.3%14.7%44.4%42.9%14.7%
Term Structure-0.7%-5.5%3.9%0.8%-2.6%
VWIV51.5%48.1%57.4%57.4%48.1%
Skew 25d0.7%-2.1%4.6%0.8%1.4%
Skew 10d1.2%-6.8%8.8%2.7%0.2%
Call IV 25d51.2%48.0%54.7%54.7%48.0%
Put IV 25d51.9%48.3%58.3%55.5%49.4%
Bid-Ask Spread %7.811.8519.862.554.06
Gamma HHI0.110.090.180.180.09
Net GEX1.6M-2.0M3.4M-2.0M1.3M
Net DEX-9.6M-55.9M74.6M74.6M894.0K
Net VEX-1.2M-1.3M-1.1M-1.1M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.110.750.480.75
Total Volume69,636.90532,850204,739151,96859,641
Total OI1,310,207.048977,0941,778,7291,739,5241,018,497

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$7.84$9.5054.8%16.2%118.6%17.5%57.4%0.8%0.8%-2.0M74.6M-1.1M0.482.55102,46649,5021,208,396531,128
2025-05-02$8.36$9.0052.3%15.6%116.3%14.8%55.2%1.2%-0.6%1.9M-19.6M-1.2M0.475.29139,08565,6541,248,696530,033
2025-05-05$8.57$10.0055.0%15.4%116.6%17.8%53.3%4.6%-0.8%2.3M-14.9M-1.3M0.572.8769,86739,7051,080,066391,724
2025-05-06$8.43$10.0054.4%15.6%114.8%17.1%53.8%1.3%-0.8%1.8M385.3K-1.2M0.591.8522,21413,0421,095,390396,710
2025-05-07$8.11$10.0052.8%15.0%112.2%15.3%52.0%2.7%0.3%777.3K31.4M-1.2M0.4315.6342,87718,5801,095,600398,343
2025-05-08$8.25$10.0052.1%15.0%82.7%14.5%52.6%1.3%0.7%979.6K18.7M-1.2M0.382.7045,81517,3011,099,664403,002
2025-05-09$8.23$10.0050.9%14.7%68.8%13.2%52.3%0.4%-5.5%1.1M10.0M-1.2M0.583.0134,92620,3921,113,623403,534
2025-05-12$9.14$10.0049.4%14.2%77.5%11.5%49.1%2.3%-0.5%3.1M-55.9M-1.3M0.3313.9799,40132,3881,070,442378,508
2025-05-13$9.07$10.0048.9%13.7%77.6%10.9%48.3%-0.6%-1.5%3.4M-54.2M-1.3M0.438.9941,17717,5121,088,571386,738
2025-05-14$8.98$10.0050.1%14.4%77.3%12.2%51.4%0.7%0.2%3.3M-47.5M-1.3M0.3019.8448,46414,4841,101,595390,561
2025-05-15$8.59$10.0050.8%14.3%79.1%13.0%49.9%-0.7%-1.0%2.0M-8.6M-1.3M0.4219.8658,81624,6261,118,903395,205
2025-05-16$8.71$10.0049.6%13.7%78.9%11.7%49.2%0.1%-2.7%2.0M-25.8M-1.3M0.5214.5340,87621,2341,143,586395,879
2025-05-19$8.68$10.0048.9%14.0%77.4%10.9%50.0%-2.1%-0.3%1.9M-30.9M-1.3M0.343.0031,50710,840678,494301,516
2025-05-20$8.54$10.0049.9%14.3%77.4%12.0%50.4%-0.7%-1.0%1.5M-18.5M-1.3M0.613.9724,31814,716690,811308,205
2025-05-21$8.29$10.0051.2%14.7%78.2%13.6%52.4%-0.8%3.9%982.4K-508.3K-1.2M0.413.6632,94713,355699,194309,825
2025-05-22$8.46$10.0050.3%14.4%76.5%12.5%51.2%0.7%0.1%1.1M-14.4M-1.3M0.282.7928,1967,777710,117314,161
2025-05-23$8.27$9.5051.1%14.7%76.3%13.5%52.0%-1.5%-0.8%1.4M-934.9K-1.2M0.5012.3830,25915,279719,995313,110
2025-05-27$8.43$9.5049.5%14.3%75.2%11.6%51.7%2.8%-0.6%1.5M-17.0M-1.3M0.1116.5339,4454,362680,757296,337
2025-05-28$8.39$9.5051.4%14.6%74.7%13.7%51.2%-0.1%-0.4%2.0M-19.0M-1.3M0.453.0822,62810,222698,951298,051
2025-05-29$8.32$9.5050.4%14.3%54.7%12.6%50.5%0.7%-1.3%1.9M-10.3M-1.2M0.583.4023,01713,462705,659304,771
2025-05-30$8.21$9.0048.6%13.7%54.9%10.6%48.1%1.4%-2.6%1.3M894.0K-1.2M0.754.0634,17625,465709,808308,689