SNOW Options History — July 2023

In July 2023, SNOW traded between $167.51 and $189.03. ATM implied volatility averaged 52.3%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 4.9% (HV 20d: 47.4%). Max pain ranged from $160.00 to $172.50. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2023-07-13: Highest Volume — 179,877 contracts
  • 2023-07-24: Largest IV spike — 7.9% change
  • 2023-07-31: Highest IV Rank — 29.4%
  • 2023-07-25: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.43$167.51$189.03$176.16$177.50
Max Pain$163.75$160.00$172.50$172.50$165.00
ATM IV52.3%48.3%60.2%48.8%60.2%
Expected Move14.0%13.0%14.8%13.0%13.9%
HV 20d47.4%43.5%56.9%56.9%44.1%
HV 60d63.1%61.9%64.6%63.1%63.6%
IV Rank11.6%2.7%29.4%3.9%29.4%
IV Percentile14.9%1.6%42.1%2.0%42.1%
Term Structure1.4%-2.7%7.2%0.0%-2.7%
VWIV50.0%46.6%53.7%46.6%49.4%
Skew 25d0.7%-0.0%1.5%0.1%1.5%
Skew 10d1.4%-0.1%3.2%0.0%3.2%
Call IV 25d52.9%48.9%59.7%50.4%59.6%
Put IV 25d53.6%49.9%61.1%50.5%61.1%
Bid-Ask Spread %3.491.938.752.332.99
Gamma HHI0.060.040.160.050.04
Net GEX12.5M-19.8M55.3M12.3M13.2M
Net DEX-589.6M-1.34B-34.9M-536.4M-576.9M
Net VEX-7.3M-7.6M-7.0M-7.3M-7.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.250.830.660.79
Total Volume76,834.2542,212179,87742,21246,425
Total OI391,705.5315,265441,352369,378334,630

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$176.16$172.5048.8%13.0%56.9%3.9%46.6%0.1%0.0%12.3M-536.4M-7.3M0.662.33N/AN/A25,44516,767197,584171,794
2023-07-05$173.22$172.5049.6%13.3%55.8%5.7%48.1%0.0%-0.3%1.1M-372.0M-7.2M0.622.00N/AN/A47,26029,236206,405180,505
2023-07-06$171.99$160.0050.2%14.2%55.8%7.1%50.4%0.1%-0.4%-5.3M-315.5M-7.3M0.592.35N/AN/A41,17624,459219,144191,702
2023-07-07$171.42$160.0049.1%14.0%47.4%4.6%51.2%0.3%-0.2%-8.2M-280.7M-7.4M0.528.75N/AN/A50,23526,228226,023197,972
2023-07-10$170.22$160.0050.0%14.1%45.7%6.4%50.4%1.4%-0.4%-8.1M-254.4M-7.3M0.643.48N/AN/A43,47627,627206,650185,407
2023-07-11$173.03$160.0049.4%13.9%45.8%5.3%49.6%1.1%-0.6%3.9M-462.6M-7.4M0.457.95N/AN/A35,43916,022215,317192,579
2023-07-12$172.69$160.0048.3%13.7%45.8%2.7%49.3%0.9%-0.7%3.3M-450.3M-7.3M0.375.94N/AN/A43,58116,284219,161194,474
2023-07-13$183.80$160.0048.6%13.7%50.9%3.5%48.7%0.4%-0.9%55.3M-1.27B-7.6M0.401.98N/AN/A128,29551,582229,754198,227
2023-07-14$181.10$160.0048.4%13.8%48.7%2.9%48.7%0.5%-0.6%34.2M-1.03B-7.5M0.702.06N/AN/A72,77651,109233,680207,672
2023-07-17$184.15$160.0049.7%14.2%45.3%5.9%50.4%0.7%6.1%33.3M-1.04B-7.4M0.432.26N/AN/A47,21120,500206,191182,031
2023-07-18$189.03$165.0050.5%14.4%44.7%7.7%51.0%0.3%6.1%48.1M-1.34B-7.6M0.251.93N/AN/A80,57020,009214,629191,413
2023-07-19$185.86$165.0050.5%14.5%44.4%7.8%51.5%-0.0%7.0%44.7M-1.16B-7.6M0.391.96N/AN/A69,07626,991222,244195,912
2023-07-20$175.74$165.0051.8%14.5%47.5%10.6%51.8%0.2%6.9%-1.5M-461.9M-7.3M0.823.41N/AN/A35,75529,173225,665198,761
2023-07-21$176.03$165.0052.1%14.2%46.6%11.2%50.3%0.4%7.2%-827.9K-490.4M-7.2M0.783.57N/AN/A35,84427,889227,727201,759
2023-07-24$174.22$165.0056.2%14.4%46.7%20.4%51.5%1.4%0.6%5.5M-393.9M-7.0M0.603.37N/AN/A26,43115,962167,916147,349
2023-07-25$179.25$165.0058.5%14.8%44.2%25.5%53.7%0.8%0.2%16.8M-643.4M-7.3M0.412.37N/AN/A49,22820,179179,240155,483
2023-07-26$171.07$165.0058.0%13.8%44.6%24.4%49.4%1.1%-0.3%-11.1M-200.7M-7.0M0.836.74N/AN/A52,05343,249188,731161,939
2023-07-27$167.51$165.0058.3%14.0%43.5%25.2%49.8%1.0%0.1%-19.8M-34.9M-7.0M0.522.45N/AN/A49,88226,065200,642173,517
2023-07-28$174.61$165.0057.2%13.4%43.8%22.6%47.9%1.4%0.6%33.4M-476.9M-7.2M0.561.96N/AN/A43,20723,989208,058176,223
2023-07-31$177.50$165.0060.2%13.9%44.1%29.4%49.4%1.5%-2.7%13.2M-576.9M-7.2M0.792.99N/AN/A25,86920,556177,991156,639