SNOW Options History — April 2022

In April 2022, SNOW traded between $173.60 and $240.57. ATM implied volatility averaged 70.0%, placing in the 65.8% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded below realized volatility by 6.8% (HV 20d: 76.8%). Max pain ranged from $220.00 to $250.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.95.

Notable Days

2022-04-01: Highest Volume — 90,455 contracts
2022-04-21: Largest IV spike — 9.4% change
2022-04-29: Highest IV Rank — 98.6%
2022-04-29: Largest Expected Move — 23.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$199.94	$173.60	$240.57	$232.44	$173.60
Max Pain	$236.25	$220.00	$250.00	$250.00	$220.00
ATM IV	70.0%	56.8%	87.2%	59.6%	87.2%
Expected Move	19.4%	16.2%	23.5%	17.2%	23.5%
HV 20d	76.8%	61.5%	101.1%	101.1%	69.8%
HV 60d	88.2%	85.7%	90.6%	85.7%	89.7%
IV Rank	65.8%	40.6%	98.6%	46.0%	98.6%
IV Percentile	85.2%	69.0%	99.6%	74.2%	99.6%
Term Structure	1.5%	-2.6%	10.4%	0.3%	-2.6%
VWIV	68.0%	57.8%	80.8%	61.4%	79.5%
Skew 25d	8.2%	5.1%	12.3%	5.1%	8.4%
Skew 10d	16.2%	10.6%	21.8%	11.1%	21.8%
Call IV 25d	66.5%	54.9%	84.4%	57.4%	84.4%
Put IV 25d	74.7%	60.6%	93.4%	62.4%	92.7%
Bid-Ask Spread %	45.96	36.75	50.47	39.19	47.56
Gamma HHI	0.05	0.03	0.15	0.04	0.15
Net GEX	-2.6M	-12.9M	16.1M	16.1M	-12.9M
Net DEX	451.8M	-204.8M	708.0M	-80.7M	650.7M
Net VEX	-5.4M	-6.5M	-4.6M	-6.4M	-4.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.34	2.01	0.64	0.59
Total Volume	46,002.5	26,219	90,455	90,455	56,770
Total OI	211,732.65	178,463	244,911	244,911	217,342

Daily Data (20 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
2022-04-01	$232.44	$250.00	59.6%	17.2%	101.1%	46.0%	61.4%	5.1%	0.3%	16.1M	-80.7M	-6.4M	0.64	39.19	N/A	N/A	55,017	35,438	137,996	106,915
2022-04-04	$240.57	$250.00	56.8%	16.2%	97.1%	40.6%	57.8%	5.8%	0.0%	14.9M	-204.8M	-6.5M	0.34	36.75	N/A	N/A	37,776	12,673	112,785	96,781
2022-04-05	$226.35	$250.00	60.9%	17.1%	100.0%	48.4%	59.3%	5.9%	0.3%	5.4M	175.2M	-6.1M	0.90	42.42	N/A	N/A	26,687	24,129	118,113	98,690
2022-04-06	$213.21	$250.00	65.8%	18.3%	98.3%	57.8%	63.3%	7.6%	0.5%	-5.7M	478.4M	-5.7M	1.28	44.71	N/A	N/A	32,461	41,660	121,062	102,997
2022-04-07	$215.33	$250.00	65.1%	18.3%	95.7%	56.3%	65.2%	8.5%	-0.2%	-3.1M	415.1M	-5.8M	1.80	46.15	N/A	N/A	20,376	36,576	127,275	107,628
2022-04-08	$209.13	$250.00	63.3%	17.9%	91.0%	52.9%	62.2%	8.0%	1.0%	-3.8M	572.7M	-5.5M	0.88	47.13	N/A	N/A	18,184	16,034	128,704	109,461
2022-04-11	$208.60	$245.00	65.3%	18.3%	83.5%	56.9%	64.8%	8.9%	-1.5%	-4.1M	476.2M	-5.4M	1.45	48.19	N/A	N/A	18,755	27,268	104,809	96,663
2022-04-12	$211.36	$245.00	65.8%	18.4%	83.5%	57.7%	65.9%	7.3%	-1.5%	-4.2M	423.3M	-5.7M	0.60	50.47	N/A	N/A	37,407	22,263	110,422	103,937
2022-04-13	$215.28	$245.00	61.3%	17.5%	65.5%	49.2%	62.4%	6.8%	-0.3%	1.4M	346.9M	-5.8M	0.81	50.09	N/A	N/A	19,647	15,942	117,581	107,728
2022-04-14	$200.07	$240.00	63.3%	18.0%	66.7%	53.0%	63.8%	7.6%	-0.7%	-4.5M	638.3M	-5.3M	1.01	48.03	N/A	N/A	25,027	25,274	119,101	110,547
2022-04-18	$191.19	$240.00	67.5%	19.3%	64.4%	60.9%	67.8%	7.6%	5.4%	-5.4M	540.8M	-5.0M	1.07	45.36	N/A	N/A	14,348	15,355	89,669	88,794
2022-04-19	$197.44	$240.00	63.5%	18.2%	64.1%	53.4%	63.9%	7.5%	8.9%	-4.2M	466.8M	-5.2M	0.46	42.87	N/A	N/A	30,801	14,100	93,900	92,702
2022-04-20	$187.88	$230.00	67.3%	19.3%	61.5%	60.5%	66.5%	7.4%	8.0%	-6.6M	584.7M	-5.0M	0.79	47.27	N/A	N/A	20,256	16,086	99,670	95,823
2022-04-21	$175.26	$220.00	73.6%	20.7%	65.2%	72.6%	71.9%	8.3%	6.6%	-10.2M	708.0M	-4.6M	1.14	39.94	N/A	N/A	18,217	20,823	104,430	98,963
2022-04-22	$174.57	$220.00	75.9%	20.8%	64.7%	77.1%	73.3%	9.2%	10.4%	-5.9M	697.9M	-4.7M	2.01	47.39	N/A	N/A	11,521	23,110	107,531	100,886
2022-04-25	$186.56	$220.00	82.1%	21.5%	70.1%	88.9%	77.0%	10.1%	-2.3%	-4.0M	483.9M	-5.2M	0.82	48.57	N/A	N/A	20,764	16,957	94,586	94,148
2022-04-26	$178.61	$220.00	86.9%	23.1%	63.9%	98.0%	80.8%	10.4%	-0.8%	-4.8M	564.5M	-5.0M	0.90	49.23	N/A	N/A	15,146	13,636	101,517	99,463
2022-04-27	$175.35	$220.00	87.2%	22.5%	62.6%	98.5%	78.4%	11.5%	-0.8%	-7.0M	625.6M	-4.9M	0.85	49.73	N/A	N/A	14,176	12,043	103,980	101,630
2022-04-28	$186.08	$220.00	81.7%	21.5%	66.9%	88.2%	73.9%	12.3%	-0.4%	-3.0M	471.5M	-5.3M	0.61	48.09	N/A	N/A	23,191	14,156	106,822	103,602
2022-04-29	$173.60	$220.00	87.2%	23.5%	69.8%	98.6%	79.5%	8.4%	-2.6%	-12.9M	650.7M	-4.9M	0.59	47.56	N/A	N/A	35,614	21,156	111,771	105,571