SNOW Options History — December 2024

In December 2024, SNOW traded between $154.47 and $185.59. ATM implied volatility averaged 37.4%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 46.8% (HV 20d: 84.2%). Max pain ranged from $135.00 to $150.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.42.

Notable Days

2024-12-04: Highest Volume — 213,106 contracts
2024-12-18: Largest IV spike — 10.3% change
2024-12-19: Highest IV Rank — 22.3%
2024-12-19: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$169.29	$154.47	$185.59	$172.45	$154.47
Max Pain	$145.95	$135.00	$150.00	$135.00	$150.00
ATM IV	37.4%	34.1%	44.0%	34.3%	38.6%
Expected Move	10.9%	10.2%	12.7%	10.6%	10.9%
HV 20d	84.2%	43.3%	108.7%	101.2%	44.6%
HV 60d	66.4%	63.9%	67.9%	63.9%	67.6%
IV Rank	8.7%	2.5%	22.3%	2.8%	9.6%
IV Percentile	17.7%	3.6%	52.4%	4.4%	23.8%
Term Structure	0.2%	-1.8%	1.5%	-0.0%	0.2%
VWIV	39.0%	36.3%	45.1%	38.1%	38.7%
Skew 25d	-0.1%	-1.5%	2.0%	-1.0%	1.0%
Skew 10d	-0.3%	-3.6%	3.9%	-2.5%	3.9%
Call IV 25d	38.0%	35.1%	44.6%	35.1%	38.3%
Put IV 25d	37.9%	33.9%	45.5%	34.1%	39.3%
Bid-Ask Spread %	12.25	2.65	31.21	3.33	22.90
Gamma HHI	0.10	0.05	0.35	0.09	0.05
Net GEX	51.7M	12.4M	167.5M	58.0M	16.0M
Net DEX	-2.10B	-4.04B	-751.6M	-2.62B	-761.5M
Net VEX	-12.7M	-13.3M	-11.5M	-12.6M	-11.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.22	0.83	0.39	0.51
Total Volume	70,147.143	24,637	213,106	86,242	24,637
Total OI	654,706.524	566,360	713,140	641,797	579,817

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-12-02	$172.45	$135.00	34.3%	10.6%	101.2%	2.8%	38.1%	-1.0%	-0.0%	58.0M	-2.62B	-12.6M	0.39	3.33	N/A	N/A	61,882	24,360	375,023	266,774
2024-12-03	$175.53	$135.00	34.5%	10.8%	100.4%	3.3%	38.2%	-1.5%	0.2%	77.2M	-2.93B	-12.9M	0.37	2.65	N/A	N/A	45,246	16,529	388,996	275,632
2024-12-04	$185.59	$140.00	34.9%	11.0%	101.1%	4.0%	39.2%	-1.5%	0.5%	116.8M	-4.04B	-13.0M	0.30	3.93	N/A	N/A	164,159	48,947	396,877	280,856
2024-12-05	$183.55	$140.00	34.8%	10.4%	101.8%	3.9%	37.2%	-1.2%	0.5%	100.6M	-3.65B	-13.3M	0.42	4.00	N/A	N/A	53,426	22,611	404,734	293,122
2024-12-06	$184.62	$145.00	34.1%	10.2%	101.8%	2.5%	36.4%	-1.2%	0.8%	167.5M	-3.76B	-13.3M	0.34	5.30	N/A	N/A	58,273	19,592	411,029	294,496
2024-12-09	$180.72	$145.00	36.7%	10.7%	101.6%	7.9%	38.0%	-1.1%	0.6%	65.0M	-3.07B	-13.3M	0.57	5.96	N/A	N/A	44,117	25,207	378,128	276,135
2024-12-10	$170.16	$145.00	36.0%	10.6%	105.5%	6.4%	37.9%	-0.5%	0.8%	23.4M	-1.98B	-12.9M	0.55	4.30	N/A	N/A	75,372	41,149	386,717	290,143
2024-12-11	$173.09	$145.00	35.7%	10.4%	105.5%	5.8%	37.0%	-0.4%	-0.1%	33.3M	-2.30B	-13.1M	0.29	4.31	N/A	N/A	48,242	14,082	394,107	296,217
2024-12-12	$170.66	$145.00	35.9%	10.5%	105.6%	6.2%	37.6%	-0.9%	0.9%	23.1M	-2.05B	-13.0M	0.31	3.78	N/A	N/A	44,880	13,761	407,078	298,557
2024-12-13	$167.50	$145.00	36.6%	10.6%	106.0%	7.7%	38.0%	-0.8%	0.4%	12.4M	-1.77B	-12.8M	0.45	5.64	N/A	N/A	66,889	30,179	414,924	298,216
2024-12-16	$172.31	$145.00	39.0%	11.2%	105.1%	12.1%	40.2%	-1.4%	-1.5%	57.5M	-2.42B	-13.1M	0.22	14.27	N/A	N/A	75,631	16,577	389,992	282,620
2024-12-17	$171.63	$150.00	39.8%	11.4%	105.3%	13.9%	40.7%	-0.9%	-0.9%	60.0M	-2.38B	-13.3M	0.38	18.48	N/A	N/A	23,228	8,934	400,718	285,810
2024-12-18	$161.53	$150.00	43.9%	12.6%	108.7%	22.2%	45.1%	0.3%	-1.5%	30.1M	-1.39B	-12.7M	0.35	31.21	N/A	N/A	44,639	15,465	404,214	287,962
2024-12-19	$164.24	$150.00	44.0%	12.7%	108.6%	22.3%	45.0%	0.9%	-1.8%	38.6M	-1.67B	-12.9M	0.63	25.45	N/A	N/A	36,051	22,855	410,545	287,488
2024-12-20	$165.18	$150.00	39.6%	11.4%	44.9%	12.8%	40.2%	1.8%	-0.2%	73.5M	-1.80B	-12.7M	0.56	30.15	N/A	N/A	40,797	22,730	415,367	286,842
2024-12-23	$161.68	$150.00	38.2%	11.1%	44.9%	9.7%	39.9%	2.0%	1.5%	25.4M	-1.15B	-12.3M	0.41	4.15	N/A	N/A	33,976	13,907	332,749	235,962
2024-12-24	$162.84	$150.00	35.9%	10.2%	43.3%	5.0%	36.3%	1.5%	0.9%	32.6M	-1.27B	-12.2M	0.23	9.42	N/A	N/A	22,952	5,222	340,656	237,623
2024-12-26	$164.07	$150.00	36.3%	10.5%	43.4%	4.7%	37.2%	0.4%	1.3%	39.2M	-1.37B	-12.1M	0.27	19.40	N/A	N/A	26,867	7,367	342,355	239,796
2024-12-27	$158.39	$150.00	38.6%	11.0%	44.5%	9.5%	39.1%	1.7%	1.5%	19.9M	-952.1M	-12.0M	0.83	20.80	N/A	N/A	33,782	27,906	352,834	241,366
2024-12-30	$154.82	$150.00	38.5%	10.8%	44.7%	9.3%	38.4%	1.5%	0.9%	14.8M	-751.6M	-11.5M	0.53	17.76	N/A	N/A	33,139	17,525	330,060	236,300
2024-12-31	$154.47	$150.00	38.6%	10.9%	44.6%	9.6%	38.7%	1.0%	0.2%	16.0M	-761.5M	-11.5M	0.51	22.90	N/A	N/A	16,289	8,348	339,969	239,848