SNOW Options History — May 2023

In May 2023, SNOW traded between $144.78 and $184.75. ATM implied volatility averaged 58.0%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 3.0% (HV 20d: 55.0%). Max pain ranged from $145.00 to $160.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-05-31: Highest Volume — 131,443 contracts
  • 2023-05-25: Largest IV drop — 19.4% change
  • 2023-05-04: Highest IV Rank — 24.1%
  • 2023-05-23: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.25$144.78$184.75$146.72$164.13
Max Pain$153.86$145.00$160.00$145.00$160.00
ATM IV58.0%47.1%64.2%60.5%52.2%
Expected Move16.2%13.7%18.3%14.0%15.1%
HV 20d55.0%44.4%83.6%49.6%83.6%
HV 60d57.3%53.6%66.4%58.3%62.3%
IV Rank15.3%0.0%24.1%18.5%11.4%
IV Percentile17.6%0.0%33.3%20.2%6.7%
Term Structure-1.6%-2.9%1.6%-1.0%-1.9%
VWIV57.8%49.0%64.4%49.7%54.3%
Skew 25d4.6%1.1%6.3%6.1%1.1%
Skew 10d9.1%3.5%12.2%12.2%3.5%
Call IV 25d56.2%46.2%62.0%56.7%52.9%
Put IV 25d60.8%48.7%68.3%62.9%53.9%
Bid-Ask Spread %3.292.145.892.753.59
Gamma HHI0.070.040.230.040.05
Net GEX15.1M-24.7M35.5M2.3M20.8M
Net DEX-611.4M-1.51B530.2M-91.9M-588.8M
Net VEX-6.5M-6.9M-5.8M-6.2M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.321.551.260.41
Total Volume60,285.04524,908131,44327,310131,443
Total OI367,515.591314,900407,922348,459366,714

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$146.72$145.0060.5%14.0%49.6%18.5%49.7%6.1%-1.0%2.3M-91.9M-6.2M1.262.75N/AN/A12,08915,221175,389173,070
2023-05-02$145.25$145.0062.1%14.5%49.3%20.8%51.0%6.3%-1.3%-2.1M-20.1M-6.2M1.052.36N/AN/A12,23612,854178,586178,576
2023-05-03$144.78$145.0062.6%14.8%47.5%21.7%51.8%6.0%-2.0%-2.4M4.6M-6.1M0.783.06N/AN/A17,43013,516181,587180,903
2023-05-04$154.81$150.0064.2%17.7%48.2%24.1%62.3%6.3%-2.1%25.2M-537.9M-6.5M0.762.14N/AN/A47,01335,853184,483184,662
2023-05-05$155.24$150.0061.2%17.0%48.2%19.5%59.6%5.9%-2.1%35.2M-539.5M-6.5M0.972.48N/AN/A34,74833,564190,191194,118
2023-05-08$160.25$150.0061.5%17.1%49.2%20.0%60.7%5.6%-1.3%14.8M-593.9M-6.5M0.595.89N/AN/A34,92020,711175,250178,758
2023-05-09$163.97$150.0060.6%16.9%44.6%18.6%59.7%5.3%-1.2%23.7M-788.5M-6.6M0.813.25N/AN/A23,50018,945183,946183,818
2023-05-10$172.91$150.0059.6%16.6%47.3%17.1%59.8%4.8%-1.6%33.8M-1.21B-6.7M0.982.21N/AN/A44,58743,845187,698189,091
2023-05-11$170.14$150.0059.5%16.5%48.2%16.9%59.4%4.6%-2.1%25.0M-1.01B-6.7M1.552.91N/AN/A17,30026,800192,469202,342
2023-05-12$167.72$150.0058.4%16.4%48.8%15.3%58.1%4.5%-2.1%25.6M-883.6M-6.6M1.023.26N/AN/A25,09025,581195,960203,340
2023-05-15$172.07$155.0058.5%16.6%49.0%15.4%59.4%4.9%-2.3%18.9M-912.3M-6.5M1.263.76N/AN/A13,22916,629176,496185,731
2023-05-16$172.63$155.0059.5%17.0%49.0%16.9%60.6%5.2%-2.6%18.6M-924.4M-6.6M0.872.90N/AN/A17,48115,244179,933191,732
2023-05-17$174.03$155.0058.0%16.6%48.7%14.7%60.8%5.0%-2.8%22.7M-999.9M-6.5M0.643.60N/AN/A33,35021,402182,862195,361
2023-05-18$184.75$155.0056.7%16.4%51.0%12.7%58.8%4.6%-2.8%35.5M-1.51B-6.6M0.553.24N/AN/A61,99034,111185,636204,080
2023-05-19$176.49$160.0058.2%17.0%55.1%15.0%61.8%4.7%-2.9%15.0M-1.06B-6.7M1.003.76N/AN/A37,06937,085193,430214,492
2023-05-22$178.69$160.0057.9%17.4%54.1%14.5%61.9%4.4%-1.1%14.6M-807.9M-6.8M0.873.04N/AN/A14,17312,268154,149160,751
2023-05-23$175.47$160.0060.1%18.3%50.9%17.8%64.4%4.6%-1.6%11.7M-687.8M-6.8M0.722.90N/AN/A14,49110,417159,471165,946
2023-05-24$177.03$160.0059.5%18.1%44.4%17.9%63.8%4.6%-1.5%13.4M-747.4M-6.9M0.873.21N/AN/A23,40820,285165,078171,409
2023-05-25$147.80$160.0047.9%14.2%80.6%0.0%50.8%3.3%0.9%-24.7M530.2M-5.8M0.923.49N/AN/A62,76257,629179,369188,941
2023-05-26$149.98$160.0047.1%13.7%80.8%0.0%49.0%2.6%1.6%-2.7M219.7M-6.1M0.782.73N/AN/A54,77142,666202,983198,784
2023-05-30$158.72$160.0050.9%14.9%83.1%8.6%53.1%2.0%-1.5%6.9M-290.5M-6.5M0.325.79N/AN/A59,49119,074175,248172,510
2023-05-31$164.13$160.0052.2%15.1%83.6%11.4%54.3%1.1%-1.9%20.8M-588.8M-6.7M0.413.59N/AN/A93,21538,228188,192178,522