SNOW Options History — December 2023

In December 2023, SNOW traded between $184.89 and $201.02. ATM implied volatility averaged 34.2%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 0.6% (HV 20d: 33.6%). Max pain ranged from $160.00 to $170.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-12-01: Highest Volume — 135,337 contracts
  • 2023-12-26: Largest IV spike — 6.2% change
  • 2023-12-26: Highest IV Rank — 6.5%
  • 2023-12-01: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$194.35$184.89$201.02$184.89$198.74
Max Pain$164.25$160.00$170.00$165.00$170.00
ATM IV34.2%33.0%35.7%34.1%34.6%
Expected Move9.8%9.3%10.5%10.5%9.3%
HV 20d33.6%20.2%52.7%52.7%20.2%
HV 60d43.0%41.4%45.0%45.0%41.4%
IV Rank2.3%0.0%6.5%0.0%4.0%
IV Percentile2.2%0.0%6.7%0.0%5.2%
Term Structure0.7%-0.3%1.5%-0.1%1.3%
VWIV34.7%33.2%37.1%37.1%33.2%
Skew 25d0.5%0.1%1.0%1.0%0.8%
Skew 10d1.7%1.0%2.7%2.7%2.0%
Call IV 25d34.6%33.5%36.1%34.0%34.4%
Put IV 25d35.1%33.8%36.8%35.0%35.2%
Bid-Ask Spread %4.552.617.254.696.58
Gamma HHI0.130.080.300.300.09
Net GEX58.4M34.7M105.3M84.8M34.7M
Net DEX-1.68B-2.41B-1.37B-1.57B-1.50B
Net VEX-8.2M-8.3M-8.1M-8.1M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.250.620.440.50
Total Volume62,507.624,981135,337135,33738,151
Total OI410,765.15360,048500,295500,295392,383

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$184.89$165.0034.1%10.5%52.7%0.0%37.1%1.0%-0.1%84.8M-1.57B-8.1M0.444.69N/AN/A93,79741,540269,472230,823
2023-12-04$188.77$160.0035.7%10.2%51.4%3.9%36.2%0.6%0.5%55.4M-1.66B-8.3M0.354.54N/AN/A64,73722,926226,652181,422
2023-12-05$185.85$160.0035.0%10.2%49.1%2.3%35.8%0.8%1.0%44.2M-1.43B-8.3M0.385.46N/AN/A34,29412,948234,100187,913
2023-12-06$185.29$160.0034.7%10.1%35.4%1.6%35.6%0.7%0.6%45.4M-1.40B-8.3M0.303.28N/AN/A54,64016,184242,802191,251
2023-12-07$187.94$160.0034.6%10.0%34.7%1.3%35.3%0.7%0.7%58.2M-1.59B-8.3M0.273.43N/AN/A46,75812,552248,054194,612
2023-12-08$190.94$160.0033.3%9.7%34.2%0.0%34.1%0.3%0.9%75.5M-1.86B-8.2M0.305.06N/AN/A57,69617,470250,725196,619
2023-12-11$192.72$160.0034.8%10.0%33.8%3.6%35.4%0.3%-0.1%59.5M-1.81B-8.1M0.287.25N/AN/A94,86726,425222,740183,920
2023-12-12$194.03$165.0033.4%9.6%33.2%0.1%33.7%0.4%-0.0%68.9M-1.89B-8.2M0.394.97N/AN/A37,20314,660234,167193,090
2023-12-13$196.55$165.0033.0%9.4%31.1%0.0%34.0%0.3%-0.3%90.8M-2.15B-8.1M0.326.01N/AN/A61,38919,715241,615194,878
2023-12-14$200.25$165.0033.6%9.6%29.6%1.6%34.2%0.2%-0.2%105.3M-2.41B-8.1M0.325.62N/AN/A77,79124,577242,595196,306
2023-12-15$198.46$165.0033.3%9.5%29.3%0.7%33.9%0.2%0.0%68.7M-2.15B-8.2M0.323.42N/AN/A46,59014,959240,441201,793
2023-12-18$199.05$165.0033.6%9.6%29.2%1.4%34.1%0.1%1.2%47.5M-1.66B-8.2M0.324.11N/AN/A34,86011,134196,747163,301
2023-12-19$198.86$165.0033.4%9.6%28.1%1.2%34.3%0.1%1.3%53.7M-1.67B-8.2M0.252.61N/AN/A31,1927,904204,869167,339
2023-12-20$194.88$165.0033.7%9.7%29.9%1.9%35.1%0.5%1.4%42.6M-1.40B-8.2M0.524.96N/AN/A36,39719,003210,350169,317
2023-12-21$195.99$165.0034.3%9.8%29.8%3.1%34.6%0.3%1.3%39.8M-1.41B-8.2M0.413.46N/AN/A24,0949,774212,944175,453
2023-12-22$195.50$165.0033.6%9.5%30.0%1.5%34.1%0.4%1.5%62.6M-1.37B-8.2M0.623.87N/AN/A24,66815,357213,603178,466
2023-12-26$199.14$165.0035.7%9.9%30.3%6.5%35.2%0.7%0.6%38.8M-1.55B-8.2M0.434.44N/AN/A27,82911,964193,965169,866
2023-12-27$198.20$170.0035.0%9.7%30.4%5.0%34.5%0.7%1.0%39.3M-1.51B-8.3M0.582.93N/AN/A15,8199,162201,445175,654
2023-12-28$201.02$170.0035.2%9.6%29.9%5.4%34.1%0.6%1.0%52.1M-1.68B-8.3M0.474.32N/AN/A26,62012,506204,641178,970
2023-12-29$198.74$170.0034.6%9.3%20.2%4.0%33.2%0.8%1.3%34.7M-1.50B-8.3M0.506.58N/AN/A25,38112,770209,773182,610