SNOW Options History — November 2025

In November 2025, SNOW traded between $236.24 and $277.64. ATM implied volatility averaged 58.8%, placing in the 64.7% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 25.2% (HV 20d: 33.7%). Max pain ranged from $220.00 to $230.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.59.

Notable Days

  • 2025-11-21: Highest Volume — 71,132 contracts
  • 2025-11-04: Largest IV spike — 8.5% change
  • 2025-11-21: Highest IV Rank — 76.2%
  • 2025-11-21: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$257.94$236.24$277.64$277.64$250.40
Max Pain$227.11$220.00$230.00$225.00$230.00
ATM IV58.8%54.2%63.9%54.2%56.9%
Expected Move16.4%12.9%18.6%14.0%18.4%
HV 20d33.7%29.0%36.8%34.2%36.5%
HV 60d45.9%34.9%50.4%48.2%34.9%
IV Rank64.7%54.4%76.2%54.4%60.4%
IV Percentile73.6%62.7%90.5%62.7%67.1%
Term Structure-3.0%-4.8%0.9%0.9%-4.3%
VWIV57.6%45.9%65.4%50.5%63.6%
Skew 25d4.6%1.6%13.3%3.5%5.7%
Skew 10d7.3%0.2%22.0%0.2%6.6%
Call IV 25d57.1%53.5%62.5%57.9%54.9%
Put IV 25d61.7%57.6%69.5%61.3%60.6%
Bid-Ask Spread %51.6137.2562.7055.9346.44
Gamma HHI0.070.050.080.080.08
Net GEX58.8M10.8M92.9M92.9M54.7M
Net DEX-3.26B-4.87B-1.69B-4.87B-2.75B
Net VEX-16.8M-17.5M-16.1M-16.9M-16.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.341.280.360.67
Total Volume31,484.31614,68171,13256,85716,522
Total OI498,208.158447,770520,228495,116476,085

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$277.64$225.0054.2%14.0%34.2%54.4%50.5%3.5%0.9%92.9M-4.87B-16.9M0.3655.93N/AN/A41,75215,105278,958216,158
2025-11-04$264.85$225.0058.9%14.3%36.7%64.8%50.0%3.5%-2.1%82.8M-3.87B-17.5M0.3449.82N/AN/A40,03613,570295,015218,726
2025-11-05$265.50$225.0058.3%12.9%32.0%63.6%45.9%4.0%-2.9%77.8M-3.84B-17.3M0.6054.61N/AN/A11,8197,110289,657221,007
2025-11-06$265.46$220.0058.1%15.7%31.9%63.0%55.3%1.6%-1.4%75.2M-3.84B-17.2M0.3450.03N/AN/A23,6498,015292,755224,617
2025-11-07$262.81$220.0058.1%15.9%29.8%63.1%55.1%2.5%-1.0%54.7M-3.60B-17.2M0.5049.29N/AN/A24,09511,968294,438225,790
2025-11-10$270.12$220.0058.5%15.7%30.8%63.9%54.8%3.7%-3.7%80.0M-4.11B-16.8M0.6847.81N/AN/A10,9897,502271,214218,808
2025-11-11$272.01$220.0056.5%15.2%29.0%59.4%53.2%3.0%-3.0%89.2M-4.27B-16.6M1.0553.85N/AN/A11,79712,347273,948222,117
2025-11-12$270.31$230.0056.1%15.4%29.3%58.5%54.1%2.1%-3.1%85.0M-4.11B-16.8M0.4546.99N/AN/A13,3926,065277,855228,212
2025-11-13$258.75$230.0059.3%16.2%34.0%65.8%57.2%2.4%-4.7%47.6M-3.24B-16.9M0.5053.29N/AN/A30,35215,288279,627229,447
2025-11-14$258.15$230.0058.5%16.0%34.1%64.0%57.9%6.0%-4.8%45.1M-3.17B-17.1M0.6654.25N/AN/A17,86511,817284,370234,839
2025-11-17$252.25$230.0059.4%16.7%35.3%66.0%58.0%4.3%-4.5%44.1M-2.83B-16.7M0.4758.60N/AN/A15,1797,075273,597227,054
2025-11-18$254.45$230.0060.7%17.3%34.9%68.9%60.8%3.6%-2.6%45.7M-2.96B-16.8M0.6857.62N/AN/A13,5689,244274,566229,622
2025-11-19$254.28$230.0059.7%17.1%34.3%66.7%59.5%3.3%-3.9%46.2M-2.95B-16.6M0.5962.33N/AN/A9,2345,447275,540230,376
2025-11-20$245.12$230.0062.0%18.0%34.1%71.9%63.2%4.2%-2.9%27.9M-2.34B-16.5M0.6462.70N/AN/A20,37412,998277,198231,525
2025-11-21$236.24$230.0063.9%18.6%35.0%76.2%65.4%7.0%-3.3%10.8M-1.69B-16.3M0.5255.18N/AN/A46,90424,228278,621234,683
2025-11-24$242.00$230.0061.4%18.2%34.5%70.4%64.6%13.3%-4.2%40.9M-2.15B-16.3M1.2837.25N/AN/A15,77220,160251,164196,606
2025-11-25$250.09$230.0060.1%18.2%36.8%67.6%63.6%7.3%-3.1%55.1M-2.64B-16.4M0.6142.60N/AN/A14,1768,617255,928207,348
2025-11-26$250.36$230.0057.4%18.0%36.7%61.4%62.2%6.0%-2.1%62.1M-2.65B-16.2M0.3842.04N/AN/A17,5676,604259,477209,007
2025-11-28$250.40$230.0056.9%18.4%36.5%60.4%63.6%5.7%-4.3%54.7M-2.75B-16.1M0.6746.44N/AN/A9,9196,603265,226210,859