SNOW Options History — August 2025

In August 2025, SNOW traded between $191.51 and $241.85. ATM implied volatility averaged 58.1%, placing in the 61.2% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 8.0% (HV 20d: 50.1%). Max pain ranged from $170.00 to $195.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2025-08-28: Highest Volume — 590,179 contracts
2025-08-28: Largest IV drop — 36.9% change
2025-08-20: Highest IV Rank — 74.6%
2025-08-26: Largest Expected Move — 18.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$202.25	$191.51	$241.85	$203.56	$237.51
Max Pain	$176.43	$170.00	$195.00	$185.00	$195.00
ATM IV	58.1%	34.2%	63.2%	60.3%	34.2%
Expected Move	16.0%	9.4%	18.9%	12.6%	9.4%
HV 20d	50.1%	40.8%	83.2%	40.8%	75.3%
HV 60d	39.1%	34.2%	51.1%	38.1%	51.1%
IV Rank	61.2%	9.2%	74.6%	59.7%	9.2%
IV Percentile	67.4%	9.5%	81.7%	70.2%	9.5%
Term Structure	-3.3%	-5.8%	-0.2%	-5.8%	-0.2%
VWIV	55.8%	33.0%	65.1%	44.0%	33.0%
Skew 25d	2.6%	1.0%	4.2%	3.7%	2.2%
Skew 10d	3.8%	-0.6%	7.9%	7.9%	2.9%
Call IV 25d	56.7%	32.7%	61.4%	59.6%	32.7%
Put IV 25d	59.3%	34.9%	65.0%	63.2%	34.9%
Bid-Ask Spread %	41.44	31.06	52.35	51.92	49.03
Gamma HHI	0.09	0.05	0.54	0.08	0.10
Net GEX	42.5M	13.5M	161.2M	13.5M	92.5M
Net DEX	-1.77B	-5.11B	-971.6M	-1.50B	-4.12B
Net VEX	-14.1M	-15.1M	-13.8M	-14.0M	-15.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.25	1.13	0.39	0.66
Total Volume	81,906.429	17,085	590,179	81,240	179,060
Total OI	483,465.048	428,527	648,891	457,221	648,891

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
2025-08-01	$203.56	$185.00	60.3%	12.6%	40.8%	59.7%	44.0%	3.7%	-5.8%	13.5M	-1.50B	-14.0M	0.39	51.92	N/A	N/A	58,622	22,618	264,127	193,094
2025-08-04	$208.97	$175.00	56.8%	14.6%	41.6%	52.7%	50.7%	3.5%	-2.7%	47.2M	-2.00B	-14.0M	0.43	45.90	N/A	N/A	14,874	6,469	266,424	190,902
2025-08-05	$205.10	$170.00	57.8%	14.9%	41.9%	54.8%	52.0%	3.6%	-1.7%	37.0M	-1.76B	-13.9M	1.13	41.46	N/A	N/A	8,030	9,055	267,931	192,891
2025-08-06	$210.66	$175.00	58.1%	15.0%	43.3%	55.4%	52.3%	3.4%	-3.0%	52.7M	-2.13B	-14.0M	0.25	48.57	N/A	N/A	22,603	5,735	269,955	195,421
2025-08-07	$205.76	$175.00	58.1%	15.1%	42.6%	55.4%	52.3%	3.8%	-4.0%	36.7M	-1.83B	-14.1M	0.43	52.35	N/A	N/A	41,929	17,932	280,739	197,297
2025-08-08	$191.90	$175.00	61.3%	16.2%	48.5%	70.2%	55.9%	3.2%	-3.0%	14.2M	-971.6M	-13.8M	0.59	47.09	N/A	N/A	63,344	37,582	291,615	201,671
2025-08-11	$191.51	$175.00	62.6%	16.8%	47.8%	73.1%	57.7%	2.3%	-2.8%	16.4M	-1.09B	-14.0M	0.60	40.36	N/A	N/A	30,311	18,140	288,136	204,121
2025-08-12	$193.08	$175.00	60.5%	16.3%	48.0%	68.5%	57.1%	2.6%	-3.2%	18.5M	-1.20B	-14.2M	0.51	47.15	N/A	N/A	29,897	15,235	296,894	210,317
2025-08-13	$195.44	$175.00	61.6%	16.7%	48.4%	71.0%	58.0%	1.1%	-3.6%	28.9M	-1.40B	-14.4M	0.48	42.16	N/A	N/A	23,535	11,227	300,532	211,882
2025-08-14	$194.75	$175.00	60.8%	16.6%	48.2%	69.1%	58.3%	1.0%	-3.4%	22.9M	-1.35B	-14.3M	0.97	48.19	N/A	N/A	17,324	16,719	302,819	214,452
2025-08-15	$200.01	$175.00	60.2%	16.5%	48.8%	67.8%	57.8%	1.7%	-3.9%	161.2M	-1.84B	-14.4M	0.32	42.36	N/A	N/A	36,852	11,707	307,563	213,474
2025-08-18	$197.43	$175.00	60.0%	16.9%	48.9%	67.4%	59.3%	1.1%	-3.4%	36.0M	-1.41B	-14.1M	0.60	31.06	N/A	N/A	12,243	7,317	250,233	178,294
2025-08-19	$192.89	$175.00	62.5%	17.7%	49.3%	73.0%	61.5%	2.7%	-4.0%	24.3M	-1.15B	-14.0M	0.41	33.50	N/A	N/A	21,551	8,791	252,102	181,068
2025-08-20	$194.28	$175.00	63.2%	18.1%	49.5%	74.6%	62.9%	3.6%	-4.1%	28.0M	-1.24B	-14.2M	0.52	35.54	N/A	N/A	19,861	10,297	258,347	184,301
2025-08-21	$194.74	$175.00	62.5%	18.1%	49.3%	72.9%	63.1%	4.2%	-3.9%	29.7M	-1.27B	-14.2M	0.44	36.50	N/A	N/A	24,032	10,664	263,788	184,999
2025-08-22	$197.01	$175.00	60.1%	17.7%	48.3%	67.5%	61.5%	3.4%	-4.7%	34.4M	-1.44B	-14.2M	0.46	31.52	N/A	N/A	35,648	16,489	267,528	187,871
2025-08-25	$195.26	$175.00	60.6%	18.5%	48.3%	68.7%	64.0%	1.8%	-3.5%	27.5M	-1.34B	-14.0M	0.79	37.25	N/A	N/A	19,463	15,309	250,623	188,268
2025-08-26	$193.66	$175.00	61.3%	18.9%	48.3%	70.1%	65.1%	2.3%	-3.9%	26.2M	-1.27B	-13.9M	0.94	34.61	N/A	N/A	20,277	19,115	259,519	196,625
2025-08-27	$201.84	$175.00	59.8%	18.6%	51.0%	67.0%	65.1%	1.9%	-4.0%	35.4M	-1.75B	-14.3M	0.60	31.13	N/A	N/A	118,407	71,592	265,137	207,411
2025-08-28	$241.85	$180.00	37.7%	11.1%	83.2%	17.2%	39.5%	1.3%	-1.6%	109.9M	-5.11B	-13.9M	0.47	42.55	N/A	N/A	401,036	189,143	316,861	248,643
2025-08-29	$237.51	$195.00	34.2%	9.4%	75.3%	9.2%	33.0%	2.2%	-0.2%	92.5M	-4.12B	-15.1M	0.66	49.03	N/A	N/A	108,086	70,974	355,208	293,683