SNOW Options History — February 2022

In February 2022, SNOW traded between $253.89 and $311.74. ATM implied volatility averaged 77.0%, placing in the 82.8% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 7.8% (HV 20d: 69.2%). Max pain ranged from $295.00 to $300.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.88.

Notable Days

2022-02-24: Highest Volume — 58,402 contracts
2022-02-17: Largest IV spike — 10.8% change
2022-02-18: Highest IV Rank — 100.0%
2022-02-23: Largest Expected Move — 27.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$282.48	$253.89	$311.74	$284.30	$267.84
Max Pain	$297.63	$295.00	$300.00	$300.00	$295.00
ATM IV	77.0%	64.2%	87.9%	64.2%	81.4%
Expected Move	22.1%	16.4%	27.0%	16.4%	26.1%
HV 20d	69.2%	56.1%	77.3%	57.0%	75.9%
HV 60d	68.5%	65.0%	70.3%	65.0%	67.2%
IV Rank	82.8%	55.1%	100.0%	55.1%	87.6%
IV Percentile	96.0%	83.3%	100.0%	83.3%	98.0%
Term Structure	-2.9%	-4.7%	-1.7%	-2.0%	-4.1%
VWIV	77.0%	58.4%	93.3%	58.4%	92.4%
Skew 25d	8.6%	6.3%	10.4%	8.8%	6.8%
Skew 10d	17.9%	13.1%	23.6%	20.1%	14.6%
Call IV 25d	73.4%	61.9%	83.3%	61.9%	77.9%
Put IV 25d	82.0%	70.7%	93.7%	70.7%	84.7%
Bid-Ask Spread %	26.84	17.59	50.69	50.69	30.42
Gamma HHI	0.04	0.03	0.07	0.03	0.04
Net GEX	4.9M	-7.6M	23.6M	9.7M	4.3M
Net DEX	-39.9M	-737.8M	502.5M	-28.0M	19.1M
Net VEX	-7.0M	-7.6M	-5.9M	-6.9M	-7.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.25	1.52	0.89	0.60
Total Volume	32,584.895	19,628	58,402	27,018	21,305
Total OI	193,199.684	170,379	217,735	183,008	185,813

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$284.30	$300.00	64.2%	16.4%	57.0%	55.1%	58.4%	8.8%	-2.0%	9.7M	-28.0M	-6.9M	0.89	50.69	N/A	N/A	14,262	12,756	98,458	84,550
2022-02-02	$268.54	$300.00	68.1%	17.6%	57.3%	62.6%	60.7%	9.1%	-2.1%	680.8K	286.5M	-6.5M	0.55	49.63	N/A	N/A	20,454	11,288	101,521	87,916
2022-02-03	$255.38	$300.00	74.7%	20.4%	56.1%	75.3%	70.5%	9.9%	-2.4%	-5.0M	502.5M	-6.3M	1.16	26.20	N/A	N/A	10,948	12,709	105,927	89,960
2022-02-04	$277.49	$300.00	75.5%	20.6%	64.5%	76.8%	71.0%	8.7%	-3.7%	13.9M	-2.3M	-7.0M	0.84	22.32	N/A	N/A	21,146	17,858	107,205	90,988
2022-02-07	$292.74	$300.00	77.5%	21.3%	67.5%	80.7%	75.1%	8.2%	-2.5%	9.7M	-277.7M	-7.3M	0.84	17.59	N/A	N/A	29,715	25,031	95,991	86,801
2022-02-08	$294.17	$300.00	73.3%	20.4%	67.3%	72.6%	71.3%	8.8%	-1.8%	8.7M	-240.8M	-7.3M	1.06	17.81	N/A	N/A	12,222	12,910	99,625	96,400
2022-02-09	$305.02	$300.00	71.4%	20.0%	68.2%	68.9%	71.3%	8.5%	-1.7%	15.4M	-484.4M	-7.5M	1.18	23.93	N/A	N/A	12,696	15,029	101,629	97,777
2022-02-10	$311.74	$300.00	75.0%	20.9%	68.2%	76.2%	73.0%	8.7%	-2.5%	23.6M	-737.8M	-7.6M	0.72	21.45	N/A	N/A	29,037	20,839	105,297	102,537
2022-02-11	$292.47	$300.00	79.2%	22.2%	69.9%	87.7%	76.5%	8.5%	-2.8%	3.1M	-121.7M	-7.4M	1.00	22.36	N/A	N/A	22,601	22,646	110,829	106,906
2022-02-14	$291.37	$300.00	81.8%	23.3%	69.8%	99.7%	79.7%	8.7%	-3.9%	3.1M	-118.1M	-7.2M	0.88	24.76	N/A	N/A	13,866	12,202	98,207	92,925
2022-02-15	$298.40	$295.00	74.4%	21.2%	70.2%	84.0%	74.0%	8.1%	-2.4%	7.6M	-288.3M	-7.3M	0.82	23.75	N/A	N/A	12,980	10,607	102,966	94,559
2022-02-16	$304.65	$295.00	72.0%	20.6%	70.3%	78.9%	73.0%	8.0%	-2.0%	13.4M	-462.9M	-7.3M	0.86	24.19	N/A	N/A	10,549	9,079	104,161	94,561
2022-02-17	$285.95	$295.00	79.8%	23.1%	74.2%	95.7%	80.6%	6.3%	-4.7%	-151.7K	15.0M	-6.9M	1.16	27.19	N/A	N/A	13,471	15,561	104,654	95,385
2022-02-18	$275.54	$295.00	82.3%	24.0%	74.0%	100.0%	84.8%	9.2%	-4.0%	-5.1M	256.5M	-6.6M	1.52	27.00	N/A	N/A	16,537	25,072	107,600	96,855
2022-02-22	$269.63	$295.00	83.2%	25.1%	74.3%	100.0%	86.8%	8.8%	-3.1%	-3.4M	204.0M	-6.3M	1.04	26.83	N/A	N/A	10,761	11,214	89,092	81,287
2022-02-23	$253.89	$295.00	87.9%	27.0%	76.6%	100.0%	93.3%	10.4%	-4.0%	-7.6M	439.7M	-5.9M	0.94	19.87	N/A	N/A	10,315	9,741	91,317	83,122
2022-02-24	$269.11	$295.00	83.5%	25.6%	77.3%	91.5%	88.1%	8.9%	-3.1%	-3.0M	205.8M	-6.3M	0.25	27.13	N/A	N/A	46,702	11,700	93,594	84,845
2022-02-25	$268.84	$295.00	77.8%	24.2%	76.2%	80.6%	83.3%	9.6%	-2.6%	3.6M	74.3M	-7.3M	0.43	26.76	N/A	N/A	23,235	10,069	112,498	87,036
2022-02-28	$267.84	$295.00	81.4%	26.1%	75.9%	87.6%	92.4%	6.8%	-4.1%	4.3M	19.1M	-7.3M	0.60	30.42	N/A	N/A	13,331	7,974	106,442	79,371