SNOW Options History — May 2025

In May 2025, SNOW traded between $166.27 and $205.94. ATM implied volatility averaged 53.7%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 4.7% (HV 20d: 49.0%). Max pain ranged from $145.00 to $160.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.53.

Notable Days

2025-05-22: Highest Volume — 293,805 contracts
2025-05-22: Largest IV drop — 33.8% change
2025-05-06: Highest IV Rank — 66.0%
2025-05-21: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$184.01	$166.27	$205.94	$166.27	$204.41
Max Pain	$157.14	$145.00	$160.00	$145.00	$160.00
ATM IV	53.7%	33.6%	64.8%	64.1%	33.6%
Expected Move	14.2%	9.6%	16.7%	13.3%	9.6%
HV 20d	49.0%	32.7%	81.9%	81.9%	43.5%
HV 60d	62.6%	60.5%	64.6%	62.0%	64.3%
IV Rank	42.1%	0.0%	66.0%	64.4%	0.0%
IV Percentile	52.9%	0.0%	85.7%	81.0%	0.0%
Term Structure	-3.0%	-7.7%	0.7%	-7.7%	0.3%
VWIV	49.8%	34.1%	58.8%	47.3%	34.1%
Skew 25d	5.7%	2.5%	11.1%	11.1%	3.5%
Skew 10d	11.5%	-1.7%	43.5%	14.0%	12.1%
Call IV 25d	50.6%	32.1%	61.3%	61.3%	32.1%
Put IV 25d	56.3%	35.6%	72.4%	72.4%	35.6%
Bid-Ask Spread %	27.54	5.22	41.64	18.24	12.21
Gamma HHI	0.08	0.05	0.17	0.07	0.11
Net GEX	59.1M	33.8M	102.4M	41.2M	86.5M
Net DEX	-2.28B	-3.71B	-1.39B	-1.39B	-3.31B
Net VEX	-14.3M	-14.8M	-13.9M	-14.1M	-14.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.26	1.07	0.42	1.07
Total Volume	63,102.238	15,455	293,805	26,624	56,663
Total OI	545,151.238	490,850	643,472	516,105	589,145

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
2025-05-01	$166.27	$145.00	64.1%	13.3%	81.9%	64.4%	47.3%	11.1%	-7.7%	41.2M	-1.39B	-14.1M	0.42	18.24	N/A	N/A	18,712	7,912	283,105	233,000
2025-05-02	$167.16	$145.00	63.6%	12.8%	71.2%	63.4%	45.5%	8.4%	-3.8%	45.4M	-1.47B	-14.1M	0.42	29.88	N/A	N/A	27,410	11,405	288,149	236,425
2025-05-05	$168.66	$155.00	64.5%	16.5%	67.0%	65.2%	58.3%	9.8%	-4.7%	33.8M	-1.42B	-14.1M	0.37	35.28	N/A	N/A	19,869	7,310	279,017	230,835
2025-05-06	$168.79	$155.00	64.8%	16.3%	65.9%	66.0%	57.7%	8.9%	-6.4%	37.5M	-1.41B	-14.1M	0.70	38.31	N/A	N/A	9,098	6,357	286,656	234,034
2025-05-07	$171.25	$155.00	62.8%	16.4%	65.9%	61.6%	58.8%	8.1%	-2.8%	45.0M	-1.57B	-14.2M	0.32	41.64	N/A	N/A	16,573	5,242	290,567	235,466
2025-05-08	$175.09	$155.00	61.3%	15.9%	47.0%	58.4%	55.0%	6.0%	-4.2%	56.3M	-1.81B	-14.1M	0.56	36.56	N/A	N/A	18,248	10,173	288,441	235,648
2025-05-09	$173.70	$155.00	60.4%	15.7%	41.3%	56.5%	53.6%	7.3%	-2.6%	55.9M	-1.69B	-14.0M	0.28	34.85	N/A	N/A	27,064	7,666	293,792	239,379
2025-05-12	$180.52	$155.00	57.2%	15.3%	42.5%	49.7%	54.1%	6.6%	-2.8%	54.9M	-2.06B	-13.9M	0.48	32.40	N/A	N/A	30,840	14,756	282,553	228,547
2025-05-13	$181.66	$160.00	58.3%	15.6%	42.5%	51.9%	54.5%	5.6%	-3.0%	60.6M	-2.16B	-14.0M	0.43	31.51	N/A	N/A	39,195	16,970	289,443	233,568
2025-05-14	$180.31	$160.00	60.2%	16.3%	43.0%	56.0%	56.4%	5.2%	-4.0%	59.3M	-2.12B	-14.2M	0.77	33.05	N/A	N/A	13,009	10,027	301,962	243,019
2025-05-15	$182.51	$160.00	59.7%	15.8%	42.4%	55.0%	55.4%	5.0%	-5.8%	64.2M	-2.28B	-14.1M	0.35	36.79	N/A	N/A	21,975	7,797	305,187	247,738
2025-05-16	$183.39	$160.00	57.5%	15.6%	41.5%	50.1%	55.4%	4.8%	-4.3%	37.5M	-2.36B	-14.1M	0.67	32.42	N/A	N/A	21,378	14,220	311,630	250,278
2025-05-19	$181.72	$160.00	58.2%	16.3%	36.3%	51.7%	56.8%	4.7%	-2.8%	35.2M	-1.84B	-14.0M	0.64	28.14	N/A	N/A	25,724	16,427	268,638	222,212
2025-05-20	$182.56	$160.00	57.5%	16.3%	36.4%	50.1%	57.3%	4.4%	-2.4%	37.5M	-1.99B	-14.7M	0.82	25.69	N/A	N/A	24,979	20,597	286,403	231,806
2025-05-21	$180.68	$160.00	58.1%	16.7%	32.7%	51.6%	57.1%	3.1%	-3.2%	36.7M	-1.89B	-14.8M	0.86	28.86	N/A	N/A	75,926	65,539	297,509	241,953
2025-05-22	$202.11	$160.00	38.5%	11.0%	45.1%	9.4%	39.2%	2.5%	-1.3%	97.1M	-3.71B	-14.3M	0.48	25.43	N/A	N/A	198,529	95,276	331,616	280,767
2025-05-23	$200.59	$160.00	37.6%	10.7%	45.5%	7.5%	38.0%	2.6%	0.7%	102.4M	-3.44B	-14.7M	0.55	29.41	N/A	N/A	99,230	54,756	351,357	292,115
2025-05-27	$205.94	$160.00	37.8%	10.9%	45.7%	8.0%	38.2%	5.3%	-1.2%	90.1M	-3.50B	-14.5M	0.33	14.65	N/A	N/A	77,395	25,325	312,257	238,299
2025-05-28	$204.66	$160.00	36.4%	10.6%	46.1%	4.8%	37.8%	4.3%	0.0%	88.9M	-3.35B	-14.7M	0.37	7.86	N/A	N/A	37,168	13,606	321,647	249,101
2025-05-29	$202.33	$160.00	35.0%	10.1%	45.9%	1.8%	34.8%	3.5%	-0.1%	74.6M	-3.12B	-14.8M	0.26	5.22	N/A	N/A	43,357	11,444	329,113	255,799
2025-05-30	$204.41	$160.00	33.6%	9.6%	43.5%	0.0%	34.1%	3.5%	0.3%	86.5M	-3.31B	-14.8M	1.07	12.21	N/A	N/A	27,394	29,269	329,356	259,789