SNOW Options History — March 2025

In March 2025, SNOW traded between $146.00 and $176.86. ATM implied volatility averaged 46.2%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 9.5% (HV 20d: 55.7%). Max pain ranged from $157.50 to $165.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.60.

Notable Days

2025-03-07: Highest Volume — 113,317 contracts
2025-03-10: Largest IV spike — 16.9% change
2025-03-10: Highest IV Rank — 48.9%
2025-03-10: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$158.01	$146.00	$176.86	$173.22	$146.00
Max Pain	$163.57	$157.50	$165.00	$165.00	$165.00
ATM IV	46.2%	38.5%	56.9%	45.0%	47.7%
Expected Move	13.8%	11.4%	19.0%	13.8%	13.4%
HV 20d	55.7%	35.1%	60.7%	36.8%	59.3%
HV 60d	44.2%	37.6%	46.7%	39.4%	45.6%
IV Rank	26.0%	9.4%	48.9%	23.4%	29.1%
IV Percentile	51.6%	19.8%	68.3%	55.2%	58.7%
Term Structure	-0.3%	-3.0%	1.7%	1.7%	-1.4%
VWIV	47.9%	39.4%	67.1%	48.2%	47.3%
Skew 25d	4.9%	3.7%	6.7%	3.7%	4.4%
Skew 10d	9.5%	5.3%	12.7%	5.3%	10.1%
Call IV 25d	43.7%	37.0%	53.2%	43.6%	44.8%
Put IV 25d	48.7%	40.8%	59.7%	47.3%	49.2%
Bid-Ask Spread %	26.29	5.64	51.38	6.60	42.96
Gamma HHI	0.06	0.04	0.21	0.06	0.04
Net GEX	15.9M	-13.7M	54.4M	42.1M	-37.2K
Net DEX	-400.6M	-1.43B	158.5M	-1.18B	82.4M
Net VEX	-12.6M	-13.6M	-12.0M	-13.3M	-12.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.33	1.06	0.49	0.79
Total Volume	43,165.143	18,040	113,317	42,914	34,330
Total OI	514,324.19	444,536	561,141	517,499	459,260

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
2025-03-03	$173.22	$165.00	45.0%	13.8%	36.8%	23.4%	48.2%	3.7%	1.7%	42.1M	-1.18B	-13.3M	0.49	6.60	N/A	N/A	28,731	14,183	292,036	225,463
2025-03-04	$174.73	$165.00	44.9%	13.7%	36.7%	23.1%	46.9%	3.8%	-0.7%	44.8M	-1.27B	-13.4M	0.52	15.55	N/A	N/A	33,312	17,267	296,820	228,388
2025-03-05	$176.86	$165.00	44.3%	13.0%	35.1%	21.7%	46.1%	4.2%	-0.1%	54.4M	-1.43B	-13.6M	0.33	10.47	N/A	N/A	25,412	8,424	299,061	234,293
2025-03-06	$156.53	$165.00	51.3%	15.8%	54.9%	36.9%	54.5%	5.4%	-0.7%	5.4M	-83.5M	-12.5M	0.43	9.97	N/A	N/A	75,508	32,662	305,526	236,878
2025-03-07	$158.13	$162.50	48.7%	14.8%	55.3%	31.3%	51.4%	5.7%	-0.8%	6.6M	-157.1M	-12.7M	0.84	10.44	N/A	N/A	61,636	51,681	317,688	243,453
2025-03-10	$148.43	$160.00	56.9%	19.0%	58.7%	48.9%	67.1%	6.5%	-0.8%	630.4K	158.5M	-12.1M	0.76	12.08	N/A	N/A	27,528	20,784	297,240	231,064
2025-03-11	$151.06	$160.00	55.1%	18.1%	59.3%	45.2%	62.6%	6.4%	-1.8%	2.4M	24.2M	-12.2M	0.46	10.50	N/A	N/A	39,613	18,160	301,312	233,214
2025-03-12	$152.44	$160.00	53.1%	16.1%	59.7%	40.8%	55.5%	6.0%	-3.0%	6.2M	-69.5M	-12.3M	0.42	7.75	N/A	N/A	21,260	8,889	308,835	235,500
2025-03-13	$149.69	$160.00	52.2%	16.2%	59.1%	38.9%	54.9%	6.7%	-2.1%	-2.0M	100.0M	-12.0M	0.53	5.64	N/A	N/A	30,392	16,112	312,364	235,665
2025-03-14	$155.57	$157.50	46.9%	14.0%	60.2%	27.4%	48.8%	4.9%	-0.4%	12.8M	-318.9M	-12.4M	0.63	10.51	N/A	N/A	27,584	17,257	319,423	236,801
2025-03-17	$156.90	$165.00	46.0%	13.0%	60.5%	25.5%	43.8%	5.1%	-0.8%	15.0M	-431.7M	-12.7M	0.57	38.09	N/A	N/A	13,773	7,819	294,371	223,702
2025-03-18	$153.89	$165.00	46.8%	13.1%	59.7%	27.1%	44.8%	5.3%	1.3%	7.7M	-236.8M	-12.5M	0.81	38.26	N/A	N/A	11,378	9,183	298,890	227,445
2025-03-19	$156.93	$165.00	44.5%	12.7%	60.3%	22.4%	42.7%	4.9%	-0.5%	14.6M	-412.2M	-12.6M	1.06	42.69	N/A	N/A	15,924	16,878	300,859	230,479
2025-03-20	$157.67	$165.00	42.9%	12.3%	60.5%	18.9%	43.3%	4.5%	-0.3%	18.6M	-476.7M	-12.7M	0.55	41.86	N/A	N/A	16,548	9,174	308,030	233,642
2025-03-21	$156.83	$165.00	42.3%	12.2%	59.1%	17.5%	42.0%	4.6%	-0.3%	34.7M	-429.2M	-12.6M	0.49	27.81	N/A	N/A	27,927	13,748	314,817	234,150
2025-03-24	$163.47	$165.00	39.1%	11.5%	60.7%	10.6%	40.3%	3.8%	0.6%	26.1M	-723.1M	-12.8M	0.52	43.20	N/A	N/A	23,710	12,240	241,996	202,540
2025-03-25	$162.84	$165.00	38.5%	11.4%	58.9%	9.4%	39.4%	3.8%	0.8%	26.6M	-691.3M	-12.9M	0.49	36.84	N/A	N/A	12,747	6,234	248,134	205,790
2025-03-26	$159.51	$165.00	40.3%	11.8%	59.1%	13.2%	41.5%	4.4%	1.2%	18.4M	-492.1M	-12.8M	0.77	51.38	N/A	N/A	10,751	8,327	249,182	207,625
2025-03-27	$157.78	$165.00	40.3%	11.8%	56.7%	13.2%	39.6%	4.0%	0.5%	13.4M	-394.7M	-12.6M	0.80	46.01	N/A	N/A	10,007	8,033	251,269	210,654
2025-03-28	$149.79	$165.00	44.5%	12.8%	59.0%	22.2%	45.3%	5.4%	0.4%	-13.7M	16.7M	-12.1M	0.38	43.58	N/A	N/A	44,416	16,926	255,402	211,547
2025-03-31	$146.00	$165.00	47.7%	13.4%	59.3%	29.1%	47.3%	4.4%	-1.4%	-37.2K	82.4M	-12.0M	0.79	42.96	N/A	N/A	19,199	15,131	250,955	208,305