SNOW Options History — March 2021

In March 2021, SNOW traded between $209.56 and $272.33. ATM implied volatility averaged 61.1%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded below realized volatility by 5.9% (HV 20d: 67.1%). Max pain ranged from $235.00 to $290.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.58.

Notable Days

  • 2021-03-04: Highest Volume — 179,724 contracts
  • 2021-03-09: Largest IV drop — 8.7% change
  • 2021-03-04: Highest IV Rank — 67.3%
  • 2021-03-03: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$232.19$209.56$272.33$272.29$229.77
Max Pain$250.54$235.00$290.00$290.00$237.50
ATM IV61.1%50.0%75.0%67.6%50.0%
Expected Move17.7%13.8%24.0%21.6%13.8%
HV 20d67.1%49.4%77.1%51.0%71.6%
HV 60d61.9%56.2%69.3%69.3%62.0%
IV Rank52.9%41.3%67.3%59.6%41.3%
IV Percentile49.8%35.7%69.4%56.7%35.7%
Term Structure-0.8%-7.5%0.8%-0.7%-0.7%
VWIV65.0%51.0%88.4%79.1%51.0%
Skew 25d-3.2%-8.9%4.0%-6.2%-0.5%
Skew 10d-7.2%-18.6%6.4%-9.1%-4.0%
Call IV 25d65.3%51.5%78.4%72.3%51.5%
Put IV 25d62.1%50.9%80.0%66.1%51.0%
Bid-Ask Spread %22.2111.2142.8522.1242.85
Gamma HHI0.060.030.130.030.08
Net GEX5.4M-23.7M30.0M-3.4M22.1M
Net DEX268.0M-123.4M640.9M108.1M29.5M
Net VEX-6.0M-6.9M-4.6M-5.0M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.191.620.400.58
Total Volume58,448.39124,279179,72436,77736,885
Total OI223,159.913141,296268,414141,296250,661

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$272.29$290.0067.6%21.6%51.0%59.6%79.1%-6.2%-0.7%-3.4M108.1M-5.0M0.4022.12N/AN/A26,28510,49267,22574,071
2021-03-02$272.33$290.0067.8%21.6%49.4%59.8%77.5%-5.9%-3.4%1.4M46.0M-5.1M0.5425.17N/AN/A15,9638,64079,34978,274
2021-03-03$250.43$290.0073.2%24.0%49.8%65.5%88.4%-0.6%-7.5%-7.1M407.2M-4.7M0.8620.77N/AN/A36,09831,05682,02079,665
2021-03-04$250.00$270.0075.0%19.9%49.7%67.3%68.9%1.7%-2.7%-7.1M386.6M-4.9M0.8417.18N/AN/A97,42482,30097,64193,989
2021-03-05$240.60$265.0072.0%19.8%50.7%64.2%68.7%-5.0%-1.1%-23.7M636.2M-5.1M0.8916.88N/AN/A75,23167,293116,522103,521
2021-03-08$214.18$250.0071.9%19.8%62.1%64.2%71.7%4.0%-2.3%-4.4M636.3M-4.6M0.9918.56N/AN/A23,36223,201103,86485,032
2021-03-09$231.36$250.0065.7%18.8%70.6%57.7%66.2%-0.8%0.2%2.2M336.2M-5.6M0.3612.84N/AN/A53,75119,474112,89891,990
2021-03-10$227.51$240.0063.5%18.4%67.4%55.4%65.6%-2.1%0.0%2.5M364.8M-5.8M0.4913.49N/AN/A33,25216,337123,04096,949
2021-03-11$237.69$240.0066.2%18.8%70.3%58.2%71.7%-8.8%-0.6%20.4M12.1M-6.4M0.2112.95N/AN/A48,45810,214133,996102,739
2021-03-12$229.90$240.0063.3%18.2%70.6%55.2%65.1%-6.9%0.1%19.7M202.6M-6.5M0.2911.21N/AN/A42,37412,332147,470103,732
2021-03-15$237.50$245.0062.4%17.9%72.4%54.2%66.9%-8.9%-0.0%13.8M-11.7M-6.8M0.1913.10N/AN/A47,1978,900129,52294,258
2021-03-16$233.60$250.0060.4%17.3%72.4%52.1%66.3%-8.7%0.8%19.6M35.2M-6.8M0.2514.16N/AN/A42,55210,441149,13996,912
2021-03-17$229.31$250.0059.0%16.9%72.4%50.7%63.6%-8.3%-0.2%15.0M154.8M-6.8M0.3315.98N/AN/A23,6847,770158,561100,240
2021-03-18$217.77$245.0059.8%17.1%73.2%51.5%64.9%-4.7%0.5%3.5M439.5M-6.3M0.3715.61N/AN/A41,45415,407163,844102,221
2021-03-19$221.25$240.0055.6%15.9%74.0%47.2%59.1%-3.5%0.8%-4.0M443.1M-6.4M0.9816.77N/AN/A20,76920,270161,985106,429
2021-03-22$221.32$240.0053.3%14.8%71.2%44.8%58.1%-4.3%-0.3%8.4M241.7M-6.3M0.2719.38N/AN/A23,5716,329126,15090,954
2021-03-23$219.42$240.0051.2%14.5%71.2%42.6%56.5%-3.0%-0.8%5.8M345.6M-6.0M0.2525.28N/AN/A38,3879,692131,30393,558
2021-03-24$209.56$240.0052.1%15.2%71.6%43.5%57.4%-0.3%-0.4%-6.8M640.9M-5.2M0.3738.51N/AN/A42,95516,028130,77196,154
2021-03-25$216.74$235.0052.9%15.1%72.3%44.3%57.9%-0.6%0.2%752.1K400.3M-6.3M1.6232.87N/AN/A20,99434,101143,427102,132
2021-03-26$231.78$235.0053.5%15.3%77.1%45.0%55.4%-0.5%-0.1%30.0M-123.4M-6.9M0.5430.24N/AN/A51,04327,634146,220108,360
2021-03-29$223.33$240.0055.4%16.3%75.6%46.9%59.7%-0.3%0.3%10.5M181.2M-6.6M0.8633.68N/AN/A21,71818,716134,42097,167
2021-03-30$222.74$240.0053.9%15.1%75.6%45.4%55.3%-0.3%-0.5%5.8M250.2M-6.7M0.7841.31N/AN/A13,61510,664135,421108,882
2021-03-31$229.77$237.5050.0%13.8%71.6%41.3%51.0%-0.5%-0.7%22.1M29.5M-6.8M0.5842.85N/AN/A23,36813,517137,519113,142