SNAP Options History — January 2026

In January 2026, SNAP traded between $6.94 and $8.71. ATM implied volatility averaged 77.3%, placing in the 40.8% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded above realized volatility by 40.4% (HV 20d: 36.9%). Max pain ranged from $7.50 to $8.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.33.

Notable Days

  • 2026-01-06: Highest Volume — 180,847 contracts
  • 2026-01-05: Largest IV spike — 16.3% change
  • 2026-01-20: Highest IV Rank — 51.8%
  • 2026-01-30: Largest Expected Move — 26.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.84$6.94$8.71$8.14$6.94
Max Pain$7.80$7.50$8.00$8.00$7.50
ATM IV77.3%57.2%86.8%57.2%79.2%
Expected Move22.6%12.6%26.0%12.6%26.0%
HV 20d36.9%33.4%42.7%33.4%42.7%
HV 60d41.0%39.5%44.3%41.0%44.3%
IV Rank40.8%17.3%51.8%17.3%43.0%
IV Percentile62.3%52.8%66.3%52.8%63.1%
Term Structure-0.2%-6.5%26.5%26.5%-5.3%
VWIV80.2%45.0%94.2%45.0%93.4%
Skew 25d-4.1%-8.6%2.6%2.6%-8.6%
Skew 10d-4.9%-22.7%39.5%4.2%-17.2%
Call IV 25d80.8%45.7%90.3%45.7%87.5%
Put IV 25d76.7%48.4%84.9%48.4%78.9%
Bid-Ask Spread %33.0210.6858.1610.6858.16
Gamma HHI0.150.130.190.150.15
Net GEX4.6M752.8K9.4M6.4M2.4M
Net DEX-168.0M-315.0M-63.1M-229.8M-63.1M
Net VEX-2.0M-2.2M-1.8M-2.0M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.110.620.510.55
Total Volume89,015.845,393180,84776,047144,107
Total OI1,689,9521,355,9151,933,3631,827,9901,582,327

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$8.14$8.0057.2%12.6%33.4%17.3%45.0%2.6%26.5%6.4M-229.8M-2.0M0.5110.6850,44625,6011,420,825407,165
2026-01-05$8.27$8.0066.5%20.5%33.5%28.2%71.3%-1.0%5.2%7.1M-232.8M-2.0M0.3611.8663,11922,7101,387,101407,604
2026-01-06$8.71$8.0069.8%20.7%37.5%32.1%72.7%0.4%-1.5%8.5M-315.0M-2.2M0.1120.90162,97217,8751,408,849420,788
2026-01-07$8.64$8.0068.5%21.0%37.4%30.5%73.2%-1.2%9.9%9.4M-313.2M-2.2M0.1245.49145,10318,1031,437,865423,950
2026-01-08$8.41$8.0067.7%21.6%38.9%29.6%75.9%-0.9%11.8%7.6M-251.0M-2.1M0.4121.3060,62224,7551,463,775432,086
2026-01-09$8.23$8.0073.9%21.6%39.7%36.8%76.0%-3.9%9.9%6.2M-217.2M-2.1M0.2743.9969,20418,7771,485,099433,888
2026-01-12$8.23$8.0079.5%21.9%37.8%43.4%77.2%-0.8%-4.0%6.0M-214.4M-2.1M0.2711.0043,21711,8681,442,756416,591
2026-01-13$8.00$8.0082.8%22.1%36.4%47.2%78.5%0.3%-6.5%5.0M-168.9M-2.0M0.3313.0634,12411,2691,444,517422,937
2026-01-14$7.94$8.0083.9%22.6%35.9%48.5%79.5%-2.3%-4.9%4.5M-153.8M-2.0M0.2520.2256,73814,3461,454,632429,130
2026-01-15$7.78$8.0083.5%22.7%36.7%48.0%81.6%-4.6%-5.3%3.7M-134.1M-2.0M0.3112.9061,48619,2891,475,630431,815
2026-01-16$7.55$8.0082.9%23.0%37.7%47.4%80.0%-8.0%-4.0%752.8K-105.4M-1.9M0.6212.4560,35337,4191,493,114440,249
2026-01-20$7.37$8.0086.8%24.7%38.3%51.8%86.7%-5.5%-6.5%2.7M-98.2M-1.8M0.5748.1862,81235,7331,022,782333,133
2026-01-21$7.38$7.5082.7%23.7%37.8%47.0%84.2%-6.7%-2.5%2.8M-106.6M-1.9M0.3548.0357,03120,2201,059,927360,184
2026-01-22$7.63$7.5080.0%23.2%34.6%44.0%82.6%-7.8%-4.7%3.6M-143.7M-2.0M0.2349.5968,34716,0441,085,907375,902
2026-01-23$7.67$7.5079.8%23.3%34.2%43.7%82.8%-8.5%-3.9%3.6M-143.5M-2.0M0.2849.1343,95712,1191,100,566381,239
2026-01-26$7.59$7.5079.8%24.1%34.1%43.8%87.5%-6.1%-4.8%3.4M-128.2M-2.0M0.3651.9433,87512,1171,068,422364,378
2026-01-27$7.46$7.5080.1%24.9%34.5%44.0%90.3%-6.7%-5.4%2.9M-109.1M-1.9M0.1642.5162,2409,8121,087,180374,150
2026-01-28$7.67$7.5081.8%25.3%35.9%46.0%90.2%-4.5%-4.7%3.9M-152.0M-2.0M0.2352.2248,93611,4321,119,655379,924
2026-01-29$7.17$7.5080.5%25.8%41.7%44.5%94.2%-8.4%-3.0%2.5M-81.1M-1.9M0.2736.8588,18023,9581,138,449384,549
2026-01-30$6.94$7.5079.2%26.0%42.7%43.0%93.4%-8.6%-5.3%2.4M-63.1M-1.8M0.5558.1693,03851,0691,187,810394,517