SNOW Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $340.2 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.89

271k P / 306k C

Put/Call (Volume)

0.52

14k P / 27k C that session

30d ATM IV

48%

annualized implied move

Call wall

$350

17k contracts

Put wall

$160

17k contracts

Tail hedging

3.0×

deep-OTM puts vs calls

What the positioning says

●Call wall at $350 (17k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $160 (17k contracts), 53% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.0× deep-OTM call OI — an institutional hedging ladder sits under this stock.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	8k	5k	0.65	12k
2026-10-16	24k	22k	0.92	5k
2026-10-23	3k	3k	1.06	659
2026-10-30	2k	2k	0.70	466
2026-11-06	239	424	1.77	327
2026-11-13	28	27	0.96	39
2026-11-20	22k	14k	0.63	5k
2026-12-18	35k	46k	1.34	531
2027-01-15	69k	73k	1.05	640
2027-02-19	7k	3k	0.50	86
2027-03-19	15k	13k	0.82	117
2027-05-21	792	285	0.36	57
2027-06-17	11k	14k	1.25	117
2027-09-17	27k	15k	0.56	90
2027-12-17	13k	9k	0.71	10
2028-01-21	36k	32k	0.91	149
2028-12-15	10k	6k	0.60	52
2029-01-19	2k	1k	0.71	85

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.