SNOW Options History — July 2025

In July 2025, SNOW traded between $209.63 and $224.91. ATM implied volatility averaged 41.2%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 14.9% (HV 20d: 26.3%). Max pain ranged from $175.00 to $190.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.44.

Notable Days

2025-07-11: Highest Volume — 47,638 contracts
2025-07-21: Largest IV spike — 14.9% change
2025-07-30: Highest IV Rank — 50.0%
2025-07-31: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$217.03	$209.63	$224.91	$216.68	$223.68
Max Pain	$182.50	$175.00	$190.00	$185.00	$185.00
ATM IV	41.2%	32.0%	55.4%	32.7%	54.4%
Expected Move	10.0%	8.8%	11.4%	8.9%	11.4%
HV 20d	26.3%	23.1%	29.6%	23.4%	24.1%
HV 60d	38.0%	32.2%	49.7%	49.7%	32.2%
IV Rank	21.9%	3.8%	50.0%	5.2%	48.1%
IV Percentile	30.5%	4.4%	64.7%	5.2%	64.3%
Term Structure	2.4%	-5.0%	14.4%	0.9%	-0.1%
VWIV	35.5%	31.9%	39.8%	31.9%	39.8%
Skew 25d	3.3%	-0.3%	7.4%	-0.3%	4.3%
Skew 10d	4.7%	-1.5%	7.3%	0.1%	5.4%
Call IV 25d	39.3%	31.1%	55.8%	32.3%	55.8%
Put IV 25d	42.5%	32.0%	60.1%	32.0%	60.1%
Bid-Ask Spread %	21.43	6.57	53.45	8.92	49.44
Gamma HHI	0.10	0.08	0.39	0.08	0.10
Net GEX	63.6M	20.7M	135.0M	54.9M	79.3M
Net DEX	-2.76B	-3.46B	-2.24B	-2.81B	-2.91B
Net VEX	-14.3M	-14.6M	-13.9M	-14.5M	-14.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.24	0.82	0.40	0.37
Total Volume	29,594.5	11,670	47,638	36,957	43,643
Total OI	466,401.273	428,345	509,911	463,282	448,186

Daily Data (22 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
2025-07-01	$216.68	$185.00	32.7%	8.9%	23.4%	5.2%	31.9%	-0.3%	0.9%	54.9M	-2.81B	-14.5M	0.40	8.92	N/A	N/A	26,350	10,607	270,409	192,873
2025-07-02	$216.59	$190.00	35.1%	8.8%	23.1%	9.9%	31.9%	4.1%	-3.4%	58.6M	-2.85B	-14.5M	0.35	11.45	N/A	N/A	20,375	7,113	274,297	196,402
2025-07-03	$221.08	$175.00	32.6%	9.6%	24.0%	5.0%	34.3%	3.6%	-3.1%	79.9M	-3.23B	-14.5M	0.71	31.94	N/A	N/A	20,680	14,599	276,190	199,450
2025-07-07	$224.91	$175.00	35.0%	10.2%	24.6%	9.6%	35.6%	2.9%	0.9%	82.4M	-3.46B	-14.2M	0.29	27.57	N/A	N/A	31,958	9,314	269,080	194,972
2025-07-08	$223.32	$175.00	34.3%	10.0%	24.8%	8.4%	36.2%	2.9%	0.5%	91.7M	-3.38B	-14.4M	0.39	20.54	N/A	N/A	14,218	5,591	283,942	198,528
2025-07-09	$221.56	$175.00	32.0%	9.5%	25.1%	3.8%	33.9%	3.0%	0.8%	87.6M	-3.24B	-14.2M	0.47	29.91	N/A	N/A	10,697	5,001	283,923	199,891
2025-07-10	$214.61	$180.00	33.7%	9.8%	27.4%	7.0%	34.2%	2.5%	0.6%	35.9M	-2.68B	-14.0M	0.43	25.80	N/A	N/A	30,619	13,178	285,242	200,911
2025-07-11	$209.63	$180.00	36.6%	9.8%	28.8%	12.8%	34.3%	2.9%	-5.0%	20.7M	-2.31B	-14.0M	0.46	13.50	N/A	N/A	32,596	15,042	292,403	202,485
2025-07-14	$213.38	$180.00	35.5%	10.1%	29.2%	10.7%	36.7%	2.5%	8.1%	50.3M	-2.64B	-13.9M	0.44	14.99	N/A	N/A	20,736	9,049	282,570	196,652
2025-07-15	$212.88	$180.00	35.5%	10.2%	28.8%	10.7%	35.9%	2.5%	7.4%	53.7M	-2.70B	-14.1M	0.69	13.67	N/A	N/A	13,590	9,406	291,580	198,684
2025-07-16	$211.33	$185.00	34.8%	10.0%	28.9%	9.4%	34.9%	2.5%	14.4%	40.5M	-2.60B	-14.4M	0.82	8.57	N/A	N/A	10,322	8,456	296,522	203,252
2025-07-17	$212.67	$185.00	36.4%	9.8%	29.0%	12.5%	34.2%	2.5%	13.8%	41.4M	-2.69B	-14.4M	0.26	9.47	N/A	N/A	29,679	7,859	297,033	205,435
2025-07-18	$216.81	$185.00	37.8%	9.8%	29.4%	15.2%	34.5%	2.6%	11.6%	65.3M	-3.08B	-14.6M	0.38	8.76	N/A	N/A	27,527	10,570	305,355	204,556
2025-07-21	$216.03	$185.00	43.4%	10.1%	29.4%	26.3%	35.4%	3.8%	4.0%	62.2M	-2.48B	-14.4M	0.28	9.71	N/A	N/A	20,464	5,763	251,527	176,818
2025-07-22	$213.61	$185.00	46.3%	10.3%	29.6%	32.0%	35.3%	3.1%	2.8%	60.4M	-2.30B	-14.3M	0.42	7.74	N/A	N/A	15,394	6,489	254,557	179,240
2025-07-23	$212.74	$185.00	46.8%	10.5%	23.5%	33.0%	36.9%	7.4%	3.3%	53.1M	-2.24B	-14.3M	0.44	6.57	N/A	N/A	12,834	5,631	254,430	182,446
2025-07-24	$214.47	$185.00	50.2%	10.0%	23.6%	39.8%	35.5%	4.9%	0.0%	64.5M	-2.35B	-14.3M	0.57	15.28	N/A	N/A	13,897	7,856	257,231	186,237
2025-07-25	$220.34	$185.00	49.8%	10.0%	25.7%	39.0%	34.9%	2.3%	3.6%	135.0M	-2.80B	-14.3M	0.28	7.74	N/A	N/A	37,015	10,448	257,581	189,297
2025-07-28	$219.03	$185.00	53.2%	10.5%	25.8%	45.6%	37.0%	4.3%	-2.7%	59.8M	-2.61B	-14.2M	0.49	49.79	N/A	N/A	13,396	6,503	252,595	184,522
2025-07-29	$219.09	$185.00	53.8%	10.6%	25.7%	46.9%	37.4%	3.8%	-3.3%	60.2M	-2.59B	-14.2M	0.59	46.72	N/A	N/A	7,352	4,318	254,269	186,595
2025-07-30	$220.13	$185.00	55.4%	11.2%	23.5%	50.0%	39.4%	3.8%	-2.8%	61.9M	-2.67B	-14.3M	0.24	53.45	N/A	N/A	20,101	4,843	254,577	188,083
2025-07-31	$223.68	$185.00	54.4%	11.4%	24.1%	48.1%	39.8%	4.3%	-0.1%	79.3M	-2.91B	-14.2M	0.37	49.44	N/A	N/A	31,761	11,882	257,802	190,384