SNOW Options History — April 2025

In April 2025, SNOW traded between $129.42 and $160.12. ATM implied volatility averaged 60.0%, placing in the 55.7% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 13.5% (HV 20d: 73.6%). Max pain ranged from $140.00 to $165.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.68.

Notable Days

2025-04-04: Highest Volume — 90,693 contracts
2025-04-04: Largest IV spike — 30.5% change
2025-04-08: Highest IV Rank — 86.8%
2025-04-08: Largest Expected Move — 20.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$146.43	$129.42	$160.12	$149.57	$157.93
Max Pain	$150.48	$140.00	$165.00	$165.00	$145.00
ATM IV	60.0%	45.1%	74.5%	45.6%	66.6%
Expected Move	15.6%	13.0%	20.8%	13.2%	14.7%
HV 20d	73.6%	56.9%	84.2%	60.1%	81.1%
HV 60d	57.3%	45.8%	61.8%	45.8%	61.3%
IV Rank	55.7%	23.5%	86.8%	24.6%	69.8%
IV Percentile	75.3%	52.0%	99.6%	52.4%	90.5%
Term Structure	1.9%	-4.3%	15.0%	0.5%	-0.7%
VWIV	53.6%	44.4%	68.2%	44.4%	51.7%
Skew 25d	12.6%	3.9%	42.4%	5.8%	7.5%
Skew 10d	25.6%	9.4%	63.3%	9.4%	41.8%
Call IV 25d	52.1%	35.1%	66.6%	43.5%	61.5%
Put IV 25d	64.8%	48.5%	80.0%	49.3%	69.0%
Bid-Ask Spread %	41.06	11.82	55.51	41.90	17.89
Gamma HHI	0.05	0.04	0.15	0.04	0.05
Net GEX	14.0M	-8.6M	53.4M	5.3M	26.0M
Net DEX	-270.1M	-1.15B	539.4M	-144.0M	-875.8M
Net VEX	-12.9M	-14.0M	-11.4M	-12.7M	-13.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.21	1.35	1.00	1.07
Total Volume	32,998.286	16,093	90,693	17,557	16,670
Total OI	500,514.238	468,772	531,558	472,895	507,854

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
2025-04-01	$149.57	$165.00	45.6%	13.2%	60.1%	24.6%	44.4%	5.8%	0.5%	5.3M	-144.0M	-12.7M	1.00	41.90	N/A	N/A	8,797	8,760	259,610	213,285
2025-04-02	$155.56	$165.00	45.1%	13.0%	62.1%	23.5%	45.5%	5.3%	1.5%	16.4M	-463.1M	-13.2M	0.53	47.89	N/A	N/A	14,798	7,860	261,403	214,980
2025-04-03	$140.03	$165.00	54.2%	15.2%	58.0%	43.1%	52.0%	8.1%	-2.5%	-8.6M	311.5M	-12.0M	1.17	46.43	N/A	N/A	17,972	21,111	264,949	217,882
2025-04-04	$132.50	$165.00	70.7%	19.4%	60.3%	78.6%	64.8%	42.4%	-3.9%	-6.3M	539.4M	-11.5M	0.50	38.58	N/A	N/A	60,635	30,058	268,770	220,476
2025-04-07	$129.42	$160.00	74.4%	20.1%	57.1%	86.6%	68.2%	13.0%	-2.6%	-1.5M	478.0M	-11.4M	0.77	38.87	N/A	N/A	20,334	15,757	269,168	216,486
2025-04-08	$131.30	$155.00	74.5%	20.8%	56.9%	86.8%	66.1%	13.4%	-0.9%	164.2K	396.1M	-11.7M	0.50	46.23	N/A	N/A	35,932	17,951	276,712	218,800
2025-04-09	$150.67	$150.00	52.2%	14.5%	76.6%	38.7%	51.1%	20.9%	-0.6%	18.6M	-522.3M	-13.3M	0.41	51.48	N/A	N/A	35,233	14,407	289,778	223,604
2025-04-10	$142.57	$150.00	61.8%	17.2%	78.9%	59.4%	56.9%	24.9%	-4.3%	10.0M	-79.9M	-12.8M	0.56	52.87	N/A	N/A	22,812	12,775	292,115	226,353
2025-04-11	$144.23	$150.00	57.7%	16.3%	77.6%	50.6%	53.1%	16.4%	-1.3%	16.6M	-147.1M	-13.0M	0.21	52.43	N/A	N/A	24,005	5,089	299,975	231,583
2025-04-14	$145.22	$150.00	53.3%	15.2%	77.5%	41.1%	51.9%	11.9%	10.3%	12.8M	-169.3M	-12.8M	0.72	51.08	N/A	N/A	10,403	7,460	287,091	220,913
2025-04-15	$146.33	$150.00	50.1%	14.3%	77.4%	34.3%	48.4%	10.3%	12.1%	16.4M	-224.3M	-12.7M	0.89	55.51	N/A	N/A	10,542	9,367	290,100	224,066
2025-04-16	$145.05	$145.00	52.6%	15.1%	77.0%	39.8%	51.8%	9.3%	11.0%	14.8M	-225.8M	-12.9M	0.43	52.89	N/A	N/A	17,000	7,271	295,074	226,152
2025-04-17	$143.19	$145.00	53.4%	14.5%	77.0%	41.4%	51.1%	11.1%	15.0%	2.3M	-89.0M	-12.7M	0.61	53.27	N/A	N/A	22,140	13,616	300,333	226,537
2025-04-21	$136.72	$145.00	66.3%	16.8%	78.4%	69.1%	57.6%	11.6%	0.4%	1.1M	167.2M	-12.0M	1.35	35.42	N/A	N/A	10,572	14,297	260,252	208,520
2025-04-22	$139.59	$140.00	64.5%	15.8%	77.0%	65.3%	54.8%	6.4%	6.3%	2.8M	60.9M	-12.4M	0.57	39.92	N/A	N/A	11,540	6,626	264,124	223,614
2025-04-23	$148.36	$140.00	64.8%	15.5%	80.8%	66.0%	55.7%	10.2%	2.1%	19.5M	-445.1M	-13.1M	0.55	36.11	N/A	N/A	20,264	11,153	269,683	220,523
2025-04-24	$158.39	$140.00	61.9%	14.6%	84.2%	59.7%	52.1%	12.3%	2.5%	36.4M	-1.11B	-13.9M	0.41	37.23	N/A	N/A	40,586	16,795	277,917	225,962
2025-04-25	$158.97	$145.00	63.7%	13.5%	84.2%	63.5%	46.9%	3.9%	-3.2%	53.4M	-1.15B	-14.0M	0.77	37.71	N/A	N/A	20,722	16,031	289,315	229,283
2025-04-28	$159.37	$145.00	64.4%	14.2%	81.9%	65.1%	51.1%	10.5%	-2.5%	27.3M	-959.7M	-13.9M	0.92	11.82	N/A	N/A	8,399	7,694	274,498	220,256
2025-04-29	$160.12	$145.00	63.1%	14.1%	81.2%	62.2%	49.5%	10.2%	-0.5%	29.6M	-1.01B	-13.9M	0.27	16.79	N/A	N/A	15,408	4,122	279,021	223,782
2025-04-30	$157.93	$145.00	66.6%	14.7%	81.1%	69.8%	51.7%	7.5%	-0.7%	26.0M	-875.8M	-13.8M	1.07	17.89	N/A	N/A	8,036	8,634	281,937	225,917