SNOW Options History — March 2024

In March 2024, SNOW traded between $156.64 and $187.68. ATM implied volatility averaged 40.6%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 42.4% (HV 20d: 82.9%). Max pain ranged from $170.00 to $195.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2024-03-01: Highest Volume — 268,108 contracts
  • 2024-03-12: Largest IV drop — 4.4% change
  • 2024-03-05: Highest IV Rank — 36.7%
  • 2024-03-01: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$163.34$156.64$187.68$187.68$161.94
Max Pain$177.50$170.00$195.00$195.00$170.00
ATM IV40.6%37.5%45.3%43.0%37.9%
Expected Move11.5%10.2%13.3%13.3%10.2%
HV 20d82.9%37.2%92.9%92.9%37.2%
HV 60d61.5%59.2%62.2%59.2%61.2%
IV Rank22.5%13.5%36.7%29.6%14.8%
IV Percentile19.4%10.3%30.6%23.4%15.1%
Term Structure0.3%-1.3%1.7%-1.3%0.9%
VWIV41.7%36.9%48.4%48.4%36.9%
Skew 25d-1.2%-2.3%-0.3%-1.1%-1.2%
Skew 10d-3.4%-7.6%-1.6%-4.2%-3.9%
Call IV 25d42.1%38.5%46.3%45.4%39.3%
Put IV 25d40.9%37.4%45.5%44.2%38.1%
Bid-Ask Spread %5.933.9110.095.145.07
Gamma HHI0.080.040.150.150.15
Net GEX619.3K-23.8M45.8M45.8M36.6M
Net DEX413.4M-230.1M868.9M-230.1M14.2M
Net VEX-11.5M-11.9M-10.9M-11.9M-11.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.270.980.470.30
Total Volume111,013.147,776268,108268,108150,513
Total OI555,043.45484,582620,318620,318532,189

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$187.68$195.0043.0%13.3%92.9%29.6%48.4%-1.1%-1.3%45.8M-230.1M-11.9M0.475.14N/AN/A182,80985,299366,715253,603
2024-03-04$178.10$190.0044.3%12.4%87.7%33.6%44.9%-2.3%-0.4%1.0M77.6M-11.9M0.517.83N/AN/A123,38662,313310,686213,822
2024-03-05$167.01$185.0045.3%12.7%89.8%36.7%45.8%-0.8%-1.0%-11.9M707.7M-11.6M0.728.55N/AN/A106,82976,949340,570231,588
2024-03-06$167.19$185.0043.7%12.4%89.9%31.8%45.4%-1.6%-0.5%-8.8M575.7M-11.9M0.787.57N/AN/A91,03771,139364,003238,966
2024-03-07$168.73$180.0043.9%12.4%89.1%32.5%44.8%-2.0%-0.3%-8.1M453.9M-11.9M0.656.90N/AN/A62,89840,754362,879239,822
2024-03-08$162.59$180.0043.5%12.4%88.4%31.1%45.2%-0.8%-0.2%-22.7M868.9M-11.4M0.5810.09N/AN/A87,70050,956373,556245,812
2024-03-11$162.21$180.0042.6%12.2%85.5%28.7%44.3%-1.3%0.1%-9.3M639.9M-11.4M0.556.87N/AN/A59,07232,416327,412230,932
2024-03-12$161.47$180.0040.8%11.7%85.6%23.1%42.3%-1.6%-0.1%-8.9M595.8M-11.4M0.534.68N/AN/A53,77628,342346,758231,208
2024-03-13$162.36$180.0040.0%11.4%86.0%20.8%41.7%-1.7%-0.1%211.6K409.3M-11.6M0.886.13N/AN/A58,01150,772362,346230,727
2024-03-14$158.29$180.0040.1%11.5%83.7%21.3%41.8%-1.2%-0.4%-23.8M698.8M-11.1M0.985.46N/AN/A44,08843,307364,305231,561
2024-03-15$156.97$175.0039.7%11.4%83.8%20.1%41.3%-0.8%0.1%-23.8M763.3M-11.0M0.674.99N/AN/A42,16328,166371,687235,945
2024-03-18$156.64$175.0038.8%11.1%83.9%17.4%40.1%-0.3%1.0%-5.9M591.3M-10.9M0.463.91N/AN/A43,06319,990281,630202,952
2024-03-19$157.28$175.0038.2%11.0%83.6%15.6%39.3%-0.7%1.4%1.5M464.9M-11.0M0.474.19N/AN/A43,83120,792295,844204,187
2024-03-20$163.31$170.0037.5%10.8%85.7%13.5%38.9%-1.3%1.5%19.3M21.6M-11.7M0.314.50N/AN/A98,54530,686302,723207,771
2024-03-21$159.64$170.0037.6%10.7%81.9%13.9%38.9%-1.4%1.4%6.8M307.5M-11.4M0.445.90N/AN/A72,46831,702311,535215,520
2024-03-22$159.39$170.0037.9%10.7%81.6%14.6%38.6%-1.1%1.7%11.9M341.3M-11.5M0.434.53N/AN/A42,96918,631320,100219,924
2024-03-25$158.24$170.0039.0%10.8%81.0%17.9%38.9%-0.9%0.9%254.6K377.0M-11.4M0.274.25N/AN/A37,52610,250292,120206,074
2024-03-26$158.31$170.0038.7%10.7%80.4%17.1%38.8%-1.1%1.1%3.0M354.1M-11.4M0.524.69N/AN/A40,89221,195302,391209,022
2024-03-27$159.54$170.0038.4%10.4%81.0%16.0%37.8%-0.9%1.0%9.6M234.7M-11.6M0.297.41N/AN/A42,64512,382310,741211,243
2024-03-28$161.94$170.0037.9%10.2%37.2%14.8%36.9%-1.2%0.9%36.6M14.2M-11.8M0.305.07N/AN/A115,33935,174319,736212,453