SNAP Options History — February 2026

In February 2026, SNAP traded between $4.75 and $6.67. ATM implied volatility averaged 63.3%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded below realized volatility by 0.7% (HV 20d: 64.0%). Max pain ranged from $6.00 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.34.

Notable Days

  • 2026-02-05: Highest Volume — 382,266 contracts
  • 2026-02-05: Largest IV drop — 35.2% change
  • 2026-02-04: Highest IV Rank — 57.8%
  • 2026-02-04: Largest Expected Move — 33.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.23$4.75$6.67$6.67$5.16
Max Pain$6.53$6.00$7.50$7.50$6.00
ATM IV63.3%56.8%91.8%80.0%60.1%
Expected Move18.9%16.3%33.1%27.2%17.1%
HV 20d64.0%43.4%71.8%43.8%69.5%
HV 60d49.1%42.4%51.4%44.3%51.3%
IV Rank24.5%16.8%57.8%44.0%20.6%
IV Percentile56.9%51.2%83.7%64.7%54.0%
Term Structure-1.1%-12.9%3.9%-12.9%0.8%
VWIV68.1%57.8%117.2%97.8%61.5%
Skew 25d-2.9%-9.5%2.7%-9.5%1.3%
Skew 10d-2.3%-17.7%88.8%-14.6%-2.4%
Call IV 25d66.7%58.8%99.2%85.6%61.4%
Put IV 25d63.7%56.4%90.5%76.1%62.7%
Bid-Ask Spread %21.987.9052.2152.217.90
Gamma HHI0.110.090.170.130.14
Net GEX1.4M447.4K2.4M2.4M1.9M
Net DEX19.9M-55.1M95.1M-55.1M-16.9M
Net VEX-1.3M-1.7M-1.1M-1.7M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.190.520.520.41
Total Volume142,383.89535,796382,266129,68783,613
Total OI1,851,404.4741,564,4741,980,6841,564,4741,877,342

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$6.67$7.5080.0%27.2%43.8%44.0%97.8%-9.5%-12.9%2.4M-55.1M-1.7M0.5252.2185,49944,1881,174,255390,219
2026-02-03$6.13$7.5085.8%28.9%50.0%50.8%104.4%-6.6%-4.3%1.7M-4.4M-1.6M0.5048.96161,99881,4811,220,918413,642
2026-02-04$5.99$7.0091.8%33.1%43.4%57.8%117.2%-8.7%-8.0%1.8M-15.0M-1.6M0.4025.92262,805104,4861,291,160439,236
2026-02-05$5.17$7.0059.5%16.6%62.7%20.0%62.3%-5.9%3.9%447.4K95.1M-1.1M0.3026.14293,23389,0331,439,826484,652
2026-02-06$5.25$7.0056.9%16.5%64.3%17.0%60.2%-5.5%-0.5%912.0K67.2M-1.2M0.4822.04119,70157,8301,496,929476,868
2026-02-09$5.20$7.0056.8%16.5%64.5%16.8%61.3%-4.0%-0.3%791.2K50.7M-1.2M0.5024.84113,78856,4441,370,926425,880
2026-02-10$5.26$7.0057.3%16.4%65.2%17.4%62.7%-2.4%-1.5%1.2M37.3M-1.3M0.1913.4272,44213,5531,417,747450,209
2026-02-11$5.00$7.0056.9%16.4%65.9%16.9%60.3%-2.5%0.3%723.3K59.2M-1.2M0.3914.69103,04340,6161,446,549452,376
2026-02-12$4.84$7.0061.4%17.4%65.7%22.2%61.7%-5.1%-1.2%639.8K61.1M-1.2M0.4624.46100,83646,1481,491,035458,733
2026-02-13$4.83$6.0057.6%16.3%66.2%17.7%57.8%-3.8%-1.3%877.7K50.5M-1.2M0.2740.1159,92616,1711,465,856465,847
2026-02-17$4.75$6.0060.5%17.4%66.2%21.1%61.0%-2.7%-1.0%793.1K47.6M-1.2M0.2219.8070,78315,6641,407,572452,081
2026-02-18$4.88$6.0058.9%16.9%68.6%19.3%59.6%-0.5%0.4%1.3M25.1M-1.3M0.2316.33128,49729,0971,441,855447,188
2026-02-19$4.96$6.0058.8%16.8%69.4%19.2%61.1%1.1%2.2%2.1M11.5M-1.3M0.3727.0951,59618,9801,493,118454,955
2026-02-20$5.13$6.0058.6%16.6%69.4%19.0%59.3%-1.8%1.8%2.0M-18.2M-1.4M0.2412.25118,45527,9421,519,735460,949
2026-02-23$4.92$6.0062.4%18.0%69.2%23.4%64.6%0.1%0.2%1.5M5.0M-1.3M0.359.2343,47615,4131,380,169432,299
2026-02-24$4.96$6.0061.3%17.4%69.9%22.1%61.3%-1.9%0.7%1.5M3.5M-1.3M0.298.3327,8527,9441,395,367436,486
2026-02-25$5.05$6.0059.9%17.0%71.3%20.4%60.4%2.7%0.3%1.8M-3.9M-1.4M0.198.5546,2328,5561,407,008439,465
2026-02-26$5.22$6.0059.1%16.6%71.8%19.5%58.7%-0.2%-0.6%2.3M-21.9M-1.4M0.1915.4074,08813,8851,419,631438,602
2026-02-27$5.16$6.0060.1%17.1%69.5%20.6%61.5%1.3%0.8%1.9M-16.9M-1.4M0.417.9059,16424,4491,438,203439,139