SNOW Options History — May 2022

In May 2022, SNOW traded between $127.75 and $186.09. ATM implied volatility averaged 99.7%, placing in the 89.6% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded above realized volatility by 8.2% (HV 20d: 91.5%). Max pain ranged from $175.00 to $230.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.95.

Notable Days

2022-05-26: Highest Volume — 170,565 contracts
2022-05-26: Largest IV drop — 22.1% change
2022-05-02: Highest IV Rank — 100.0%
2022-05-24: Largest Expected Move — 34.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$146.75	$127.75	$186.09	$176.23	$127.75
Max Pain	$212.86	$175.00	$230.00	$215.00	$175.00
ATM IV	99.7%	72.5%	114.5%	90.9%	76.1%
Expected Move	28.2%	21.0%	34.0%	24.2%	22.7%
HV 20d	91.5%	67.9%	106.5%	70.2%	98.1%
HV 60d	93.7%	87.4%	98.6%	89.3%	90.6%
IV Rank	89.6%	46.8%	100.0%	100.0%	51.4%
IV Percentile	96.9%	79.0%	100.0%	100.0%	84.1%
Term Structure	-3.5%	-8.3%	2.2%	-2.7%	-2.0%
VWIV	99.0%	75.1%	117.9%	83.7%	80.1%
Skew 25d	13.9%	10.3%	18.3%	12.5%	11.1%
Skew 10d	26.3%	19.7%	35.3%	21.5%	21.2%
Call IV 25d	93.4%	67.2%	107.7%	83.0%	72.1%
Put IV 25d	107.3%	78.1%	126.0%	95.4%	83.2%
Bid-Ask Spread %	40.92	28.47	55.46	49.29	39.06
Gamma HHI	0.05	0.03	0.16	0.04	0.06
Net GEX	-4.5M	-13.3M	2.4M	-3.5M	-3.2M
Net DEX	642.7M	382.6M	784.6M	546.9M	576.6M
Net VEX	-4.2M	-5.5M	-3.5M	-5.0M	-3.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.52	1.61	0.92	0.70
Total Volume	55,075.667	26,642	170,565	26,642	43,838
Total OI	246,367.286	203,472	304,970	203,472	245,126

Daily Data (21 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
2022-05-02	$176.23	$215.00	90.9%	24.2%	70.2%	100.0%	83.7%	12.5%	-2.7%	-3.5M	546.9M	-5.0M	0.92	49.29	N/A	N/A	13,884	12,758	105,476	97,996
2022-05-03	$175.24	$215.00	91.3%	23.7%	67.9%	100.0%	82.0%	10.3%	-3.9%	-3.3M	547.5M	-5.0M	0.72	48.87	N/A	N/A	20,887	15,050	109,479	100,468
2022-05-04	$186.09	$210.00	87.2%	22.1%	70.8%	92.6%	77.2%	11.1%	-3.7%	2.4M	382.6M	-5.5M	0.52	55.46	N/A	N/A	33,594	17,378	115,627	105,485
2022-05-05	$165.93	$230.00	95.9%	25.8%	78.2%	100.0%	89.5%	10.8%	-4.1%	-5.8M	649.3M	-4.8M	0.53	34.00	N/A	N/A	36,279	19,056	125,679	108,558
2022-05-06	$155.86	$230.00	98.7%	26.7%	79.7%	100.0%	91.0%	11.1%	-3.8%	-2.3M	734.3M	-4.5M	0.79	28.47	N/A	N/A	29,740	23,409	142,832	112,542
2022-05-09	$144.42	$230.00	104.8%	28.8%	82.4%	100.0%	99.7%	13.8%	-2.9%	-5.1M	738.6M	-4.0M	1.00	35.14	N/A	N/A	16,048	16,038	124,362	104,460
2022-05-10	$143.36	$230.00	105.4%	29.2%	82.3%	100.0%	102.4%	12.9%	-2.6%	-5.3M	747.4M	-4.0M	0.84	39.42	N/A	N/A	26,962	22,540	127,668	108,116
2022-05-11	$132.67	$230.00	110.5%	30.3%	83.9%	100.0%	106.3%	13.1%	-4.8%	-5.4M	784.6M	-3.7M	1.05	41.77	N/A	N/A	16,589	17,403	134,124	111,235
2022-05-12	$139.54	$225.00	112.1%	31.2%	86.7%	100.0%	107.3%	16.6%	-4.5%	-4.8M	713.0M	-4.0M	0.95	39.81	N/A	N/A	25,105	23,938	137,652	113,500
2022-05-13	$158.44	$220.00	103.2%	28.8%	99.2%	88.3%	101.8%	14.5%	-4.3%	-2.8M	488.9M	-4.8M	0.81	39.09	N/A	N/A	35,374	28,584	142,010	119,568
2022-05-16	$145.01	$220.00	104.8%	29.7%	102.3%	90.5%	102.1%	13.3%	-4.4%	-4.4M	674.3M	-4.2M	0.90	38.36	N/A	N/A	16,285	14,684	127,021	112,709
2022-05-17	$144.60	$210.00	103.3%	29.4%	100.9%	88.4%	103.7%	15.0%	-4.0%	-4.9M	678.5M	-4.2M	1.16	41.17	N/A	N/A	17,362	20,148	132,110	114,972
2022-05-18	$137.99	$210.00	108.6%	31.1%	100.8%	95.4%	114.2%	14.7%	-4.0%	-5.5M	723.7M	-4.0M	1.06	42.16	N/A	N/A	23,165	24,568	136,215	118,804
2022-05-19	$150.02	$210.00	110.4%	31.9%	104.5%	97.8%	115.5%	17.2%	-5.9%	-1.9M	570.7M	-4.6M	1.13	42.76	N/A	N/A	23,228	26,193	142,832	128,991
2022-05-20	$140.40	$210.00	114.5%	33.6%	106.5%	100.0%	117.9%	18.3%	-8.3%	-9.5M	723.5M	-4.1M	1.61	45.85	N/A	N/A	17,044	27,401	145,915	132,998
2022-05-23	$137.48	$205.00	107.9%	32.5%	102.5%	91.7%	111.9%	18.3%	-3.8%	-4.0M	569.6M	-3.9M	0.98	35.58	N/A	N/A	15,011	14,675	108,402	110,133
2022-05-24	$130.86	$205.00	110.8%	34.0%	102.8%	95.3%	116.7%	17.9%	-4.0%	-4.3M	617.9M	-3.7M	1.00	39.58	N/A	N/A	23,016	23,023	114,787	115,065
2022-05-25	$133.15	$200.00	103.7%	31.9%	103.4%	86.3%	111.8%	16.0%	-2.5%	-3.9M	597.9M	-3.9M	1.34	38.09	N/A	N/A	35,798	48,061	122,562	122,884
2022-05-26	$127.79	$200.00	80.8%	24.1%	100.1%	57.3%	88.6%	12.5%	-0.0%	-13.3M	775.9M	-3.5M	1.13	41.65	N/A	N/A	80,259	90,306	140,554	149,826
2022-05-27	$128.85	$190.00	72.5%	21.0%	98.7%	46.8%	75.1%	10.9%	2.2%	-4.1M	655.8M	-3.6M	0.84	43.82	N/A	N/A	66,259	55,649	152,752	152,218
2022-05-31	$127.75	$175.00	76.1%	22.7%	98.1%	51.4%	80.1%	11.1%	-2.0%	-3.2M	576.6M	-3.5M	0.70	39.06	N/A	N/A	25,820	18,018	128,172	116,954