SNOW Options History — May 2014

In May 2014, SNOW traded between $10.25 and $11.75. ATM implied volatility averaged 45.9%. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 4.3% (HV 20d: 41.6%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2014-05-19: Highest Volume — 205 contracts
  • 2014-05-27: Largest IV drop — 42.1% change
  • 2014-05-13: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.81$10.25$11.75$11.27$11.41
Max Pain$10.66$10.00$12.50$12.50$10.00
ATM IV45.9%27.5%78.8%39.1%28.3%
Expected Move12.2%7.9%14.0%11.2%8.1%
HV 20d41.6%31.7%49.0%44.2%49.0%
HV 60d39.1%37.1%42.8%38.2%42.8%
Term Structure3.9%-7.1%18.5%2.1%17.2%
VWIV45.2%42.9%48.9%42.9%43.1%
Skew 25d8.3%-4.2%31.5%3.6%-0.9%
Skew 10d23.3%-3.3%97.1%5.0%8.2%
Call IV 25d41.1%30.4%49.3%39.3%35.2%
Put IV 25d49.4%32.4%79.5%42.9%34.3%
Bid-Ask Spread %91.7633.02125.32112.6248.15
Gamma HHI0.700.430.980.980.76
Net GEX1.8K-1134.7K-1134.2K
Net DEX-59.9K-183.9K15.3K9.3K-177.7K
Net VEX-495-1.1K-45-67-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.003.000.000.00
Total Volume22.095020500
Total OI234.9523346333463

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$11.27$12.5039.1%11.2%44.2%0.0%0.0%3.6%2.1%-1139.3K-670.00112.62N/AN/A001419
2014-05-02$11.02$12.5041.9%12.0%44.6%0.0%42.9%-2.8%0.1%-3010.8K-610.00112.15N/AN/A101419
2014-05-05$10.62$0.0042.0%12.7%45.7%0.0%0.0%3.3%6.0%3512.5K-490.00122.49N/AN/A201519
2014-05-06$10.39$0.0041.0%12.9%45.2%0.0%48.9%5.6%2.0%5813.3K-453.00124.78N/AN/A261519
2014-05-07$10.46$12.5042.2%12.7%45.5%0.0%0.0%5.3%0.9%-3114.9K-590.00125.00N/AN/A001725
2014-05-08$10.46$12.5044.5%12.8%40.3%0.0%0.0%31.5%1.6%-3314.6K-611.00125.32N/AN/A111725
2014-05-09$10.37$12.5046.2%12.8%31.7%0.0%43.4%7.7%2.0%-2215.3K-630.00123.99N/AN/A201826
2014-05-12$10.89$10.0064.3%13.6%37.1%0.0%0.0%1.5%-6.7%-5911.6K-720.00124.62N/AN/A2002026
2014-05-13$11.18$10.0078.8%14.0%38.3%0.0%0.0%6.5%-7.0%100-11.0K-1110.00120.22N/AN/A004026
2014-05-14$10.70$10.0074.2%12.6%40.5%0.0%47.8%-4.2%-7.1%111-5.7K-930.00124.95N/AN/A20204026
2014-05-15$10.60$10.0048.5%13.9%38.7%0.0%0.0%11.6%5.7%2.9K-81.2K-6240.00107.05N/AN/A20024226
2014-05-16$10.58$10.0048.7%14.0%38.6%0.0%0.0%11.9%0.8%3.1K-63.2K-5590.00104.90N/AN/A0024226
2014-05-19$10.72$10.0045.6%13.1%39.2%0.0%45.6%12.8%2.7%2.9K-91.2K-6060.4937.91N/AN/A1386724120
2014-05-20$10.36$10.0044.8%12.8%38.9%0.0%44.9%8.8%6.7%3.3K-95.5K-9330.00102.93N/AN/A1037587
2014-05-21$10.25$10.0045.9%13.2%38.5%0.0%0.0%7.1%4.6%2.8K-88.7K-9320.0033.02N/AN/A0037587
2014-05-22$10.54$10.0048.6%13.9%40.2%0.0%0.0%11.6%2.7%3.2K-109.8K-9510.00100.57N/AN/A0037587
2014-05-23$10.67$10.0047.5%13.6%39.0%0.0%0.0%27.2%3.5%3.1K-115.0K-9640.0036.60N/AN/A0037587
2014-05-27$11.47$10.0027.5%7.9%45.8%0.0%0.0%19.1%10.1%4.4K-163.5K-1.0K0.0044.34N/AN/A0037587
2014-05-28$11.27$10.0029.3%8.4%45.6%0.0%0.0%-1.5%18.5%4.0K-174.4K-1.1K0.0046.63N/AN/A0037587
2014-05-29$11.75$10.0035.1%10.1%47.8%0.0%43.1%9.6%15.8%4.7K-183.9K-1.0K0.0048.81N/AN/A0137587
2014-05-30$11.41$10.0028.3%8.1%49.0%0.0%0.0%-0.9%17.2%4.2K-177.7K-1.0K0.0048.15N/AN/A0037588