SNAP Options History — March 2026

In March 2026, SNAP traded between $3.96 and $5.38. ATM implied volatility averaged 64.0%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 16.6% (HV 20d: 47.3%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2026-03-26: Highest Volume — 285,434 contracts
  • 2026-03-26: Largest IV spike — 13.9% change
  • 2026-03-31: Highest IV Rank — 47.2%
  • 2026-03-30: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.71$3.96$5.38$5.24$4.61
Max Pain$5.73$5.00$6.00$5.50$5.00
ATM IV64.0%56.0%82.8%59.6%82.8%
Expected Move18.7%16.0%24.0%17.0%23.7%
HV 20d47.3%35.0%73.2%70.1%73.2%
HV 60d52.5%50.1%62.6%51.5%62.6%
IV Rank25.2%16.0%47.2%20.1%47.2%
IV Percentile55.5%42.1%67.1%52.8%67.1%
Term Structure4.2%-2.9%15.1%-0.9%4.3%
VWIV65.3%56.6%73.8%58.9%73.8%
Skew 25d0.8%-5.1%6.3%3.5%2.9%
Skew 10d10.2%-14.4%146.8%6.0%13.3%
Call IV 25d65.4%57.1%86.5%59.0%83.0%
Put IV 25d66.2%57.6%87.0%62.5%85.9%
Bid-Ask Spread %19.299.3452.3941.3818.88
Gamma HHI0.170.120.370.190.17
Net GEX1.6M-573.9K3.5M2.3M3.0M
Net DEX-875.6K-61.6M40.0M-21.3M-61.6M
Net VEX-1.2M-1.5M-958.9K-1.4M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.120.980.120.22
Total Volume97,447.45543,879285,43496,610284,255
Total OI1,867,216.8181,645,0032,023,6071,852,4821,869,113

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$5.24$5.5059.6%17.0%70.1%20.1%58.9%3.5%-0.9%2.3M-21.3M-1.4M0.1241.3885,93210,6781,419,137433,345
2026-03-03$5.24$5.5059.6%16.8%69.6%20.1%57.9%4.8%0.5%2.8M-27.8M-1.4M0.2452.3949,61712,1461,462,990436,681
2026-03-04$5.38$5.5056.0%16.0%65.3%16.0%56.6%0.7%0.3%3.5M-44.0M-1.5M0.3445.3858,35719,8291,466,260438,266
2026-03-05$5.33$6.0057.7%17.6%65.0%17.9%62.0%3.5%0.8%3.4M-39.8M-1.5M0.8112.1035,93528,9401,467,290440,170
2026-03-06$5.16$6.0060.3%18.1%39.8%20.9%63.4%2.1%-1.8%2.2M-19.1M-1.4M0.4019.0938,28415,1271,473,528444,444
2026-03-09$5.13$6.0059.3%17.5%39.4%19.7%60.5%3.0%4.9%2.1M-9.7M-1.3M0.3012.4271,89621,8601,407,575419,229
2026-03-10$4.92$6.0058.6%18.1%41.9%19.0%65.0%-1.6%4.9%1.5M3.9M-1.3M0.3430.6343,06614,5231,421,811423,006
2026-03-11$4.88$6.0058.4%17.6%41.6%18.7%63.7%-2.5%3.6%1.3M11.6M-1.3M0.179.3452,6948,9161,441,065429,988
2026-03-12$4.67$6.0059.6%19.5%40.6%20.2%64.6%-1.4%4.1%864.5K25.4M-1.2M0.3915.4651,27319,9441,462,836430,267
2026-03-13$4.58$6.0059.7%17.5%39.7%20.3%69.0%1.7%5.5%1.1M20.6M-1.2M0.4721.1064,34030,2451,483,114430,768
2026-03-16$4.67$6.0062.3%17.6%40.4%23.3%69.1%-1.8%0.1%1.3M9.9M-1.2M0.1313.19115,08315,3321,475,469424,204
2026-03-17$4.63$6.0060.6%17.0%40.1%21.3%67.0%-1.7%0.8%1.6M6.1M-1.2M0.1513.5440,4655,8701,533,253431,803
2026-03-18$4.63$6.0062.3%17.1%38.7%23.3%69.3%-0.4%-0.1%1.6M7.1M-1.2M0.2222.5646,62010,0391,549,911432,886
2026-03-19$4.58$6.0062.4%17.3%38.2%23.4%60.0%-1.0%0.1%1.4M9.5M-1.2M0.4516.3930,36613,5131,572,668436,049
2026-03-20$4.45$6.0063.1%18.6%36.4%24.2%65.4%-5.1%-2.9%1.1M16.9M-1.2M0.9810.2035,17834,6221,587,776435,831
2026-03-23$4.53$6.0062.0%17.9%35.0%22.9%62.5%3.6%13.0%1.3M515.2K-1.2M0.389.4856,76621,8501,247,419397,584
2026-03-24$4.41$6.0062.8%18.2%35.6%23.9%64.0%6.3%15.1%1.1M8.7M-1.1M0.3610.3152,31819,0331,281,973413,103
2026-03-25$4.50$5.5064.8%18.7%35.8%26.2%63.6%1.3%12.7%1.6M-742.3K-1.2M0.2712.2550,03013,4421,297,201422,982
2026-03-26$3.99$5.0073.8%22.1%51.6%36.7%73.0%1.2%7.2%-261.0K40.0M-958.9K0.2716.39225,50959,9251,322,867430,427
2026-03-27$3.96$5.0079.6%22.6%51.6%43.5%73.6%-1.4%13.6%-573.9K34.8M-993.3K0.3712.43125,19046,0291,408,925443,528
2026-03-30$4.04$5.0082.3%24.0%52.0%46.6%73.5%0.5%7.0%1.1M9.8M-1.1M0.149.5695,11313,6941,410,341421,687
2026-03-31$4.61$5.0082.8%23.7%73.2%47.2%73.8%2.9%4.3%3.0M-61.6M-1.3M0.2218.88232,66151,5941,451,821417,292