SNOW Options History — May 2024

In May 2024, SNOW traded between $135.44 and $165.25. ATM implied volatility averaged 55.2%, placing in the 65.9% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 23.0% (HV 20d: 32.2%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-05-23: Highest Volume — 248,397 contracts
  • 2024-05-23: Largest IV drop — 33.2% change
  • 2024-05-06: Highest IV Rank — 93.3%
  • 2024-05-20: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.17$135.44$165.25$157.66$135.44
Max Pain$163.64$160.00$165.00$160.00$160.00
ATM IV55.2%37.5%64.5%60.7%41.0%
Expected Move14.5%10.8%16.9%12.4%12.2%
HV 20d32.2%26.5%40.1%34.9%40.1%
HV 60d50.9%33.6%57.5%57.5%34.4%
IV Rank65.9%13.3%93.3%82.1%24.0%
IV Percentile70.7%10.3%98.0%89.7%29.8%
Term Structure-2.4%-7.4%1.4%-0.8%-1.5%
VWIV51.0%38.0%59.7%43.9%43.2%
Skew 25d0.3%-2.3%2.5%1.8%0.8%
Skew 10d0.2%-4.3%7.7%4.4%1.8%
Call IV 25d54.9%37.9%62.9%59.1%41.5%
Put IV 25d55.2%37.3%63.7%60.8%42.3%
Bid-Ask Spread %16.5411.2221.2421.2416.06
Gamma HHI0.080.050.410.060.07
Net GEX12.3M-23.2M74.4M22.7M-23.2M
Net DEX67.6M-470.4M1.16B-49.9M1.16B
Net VEX-10.8M-11.5M-8.8M-11.1M-8.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.331.280.340.98
Total Volume74,800.86433,682248,39746,023147,742
Total OI506,527.273448,853596,692494,331558,011

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$157.66$160.0060.7%12.4%34.9%82.1%43.9%1.8%-0.8%22.7M-49.9M-11.1M0.3421.24N/AN/A34,37311,650286,529207,802
2024-05-02$157.91$160.0060.7%12.3%34.5%82.3%43.3%1.6%-2.5%21.1M-62.1M-11.1M0.3614.53N/AN/A24,9719,034290,347209,939
2024-05-03$159.87$160.0059.6%11.8%34.3%79.0%41.7%1.3%-1.6%74.4M-192.8M-11.2M0.4019.49N/AN/A33,90313,418294,610212,010
2024-05-06$163.27$165.0064.5%16.2%34.9%93.3%56.7%2.0%-7.4%18.7M-296.4M-11.4M0.3320.90N/AN/A43,80514,374264,369201,150
2024-05-07$159.17$165.0061.1%15.8%36.3%83.5%55.6%1.4%-3.0%12.2M-39.5M-11.1M0.5616.70N/AN/A34,52919,483282,129207,347
2024-05-08$157.49$165.0062.4%16.2%36.1%87.2%56.6%1.2%-3.1%7.2M66.3M-11.1M1.2819.30N/AN/A18,18523,232290,234213,689
2024-05-09$156.46$165.0062.1%15.9%32.5%86.3%56.9%2.0%1.4%-132.3K146.2M-10.9M0.6118.77N/AN/A22,98214,125291,309213,850
2024-05-10$156.38$165.0061.2%15.8%32.2%83.7%56.0%-0.3%0.5%-3.8M156.2M-10.8M0.7414.26N/AN/A25,45518,943292,865216,405
2024-05-13$159.75$165.0061.1%16.2%28.7%83.3%56.6%2.5%-3.7%8.2M-44.4M-10.9M0.7712.12N/AN/A24,54319,013271,821208,057
2024-05-14$161.07$165.0060.8%16.2%28.7%82.3%57.3%0.0%-3.3%15.6M-120.7M-11.0M0.7419.22N/AN/A19,35014,332278,079211,929
2024-05-15$164.72$165.0062.8%16.8%28.9%88.5%58.7%0.4%-4.4%32.8M-414.5M-11.3M0.5415.10N/AN/A57,57931,333285,427213,888
2024-05-16$165.25$165.0062.7%16.8%28.5%88.2%58.8%-2.3%-5.3%39.3M-470.4M-11.4M0.5019.64N/AN/A38,71619,314294,833217,963
2024-05-17$162.29$165.0060.3%16.4%27.8%80.9%57.6%-0.4%-3.8%47.4M-263.4M-11.2M0.5017.96N/AN/A45,04522,696309,323222,104
2024-05-20$164.59$165.0060.3%16.9%27.2%80.8%59.7%-1.3%-3.1%14.0M-317.1M-11.4M0.4217.57N/AN/A38,79816,217245,321203,532
2024-05-21$162.38$165.0059.1%16.7%27.1%77.4%58.5%-0.9%-4.3%15.3M-240.4M-11.4M0.5315.67N/AN/A31,45816,633265,733211,296
2024-05-22$162.85$165.0058.7%16.8%26.5%76.3%59.2%-1.8%-4.7%18.6M-324.2M-11.5M0.6417.70N/AN/A70,94945,080280,678218,412
2024-05-23$153.85$165.0039.2%11.2%33.4%18.6%40.5%-0.5%0.9%-12.9M464.7M-10.2M0.5615.36N/AN/A159,69488,703317,841241,583
2024-05-24$156.71$165.0037.5%10.8%30.5%13.3%38.0%-0.5%-0.1%11.1M198.4M-10.7M0.6811.22N/AN/A60,14841,179341,443255,249
2024-05-28$150.66$165.0038.9%11.3%33.4%17.6%40.0%0.4%-1.3%-11.4M549.8M-9.8M0.5617.31N/AN/A42,47123,721275,591215,888
2024-05-29$149.22$160.0038.7%11.3%33.5%16.9%40.3%-0.1%-0.9%-13.5M568.2M-9.9M0.6411.32N/AN/A30,24119,430287,450218,861
2024-05-30$140.65$160.0041.2%12.4%38.6%24.6%43.1%-0.1%-2.0%-22.9M1.01B-9.0M1.1012.47N/AN/A75,42883,344297,457221,246
2024-05-31$135.44$160.0041.0%12.2%40.1%24.0%43.2%0.8%-1.5%-23.2M1.16B-8.8M0.9816.06N/AN/A74,45873,284325,278232,733