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SNDK

Sandisk CorporationClose $1383.29EOD only
Max Pain
$1330.00
Next expiry May 22, 2026
Expected Move
±$124.55
9.0% from close
Price Gap
-53.29
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
1.38
Slightly put-heavy
Consensus
7.0/10
Bearish tilt
Published snapshot: May 19, 2026 close
End-of-day snapshot

This page reflects SNDK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 19, 2026 close
SNDK Earnings Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from May 15, 2026. A newer earnings report is available for May 20, 2026.

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Earnings Verdict

No earnings date; market pricing weekly moves but no catalyst.

Confidence:
0 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.6% from MP; +0.5 VIX 18; override: No upcoming earnings event.
Most important: No earnings event; focus on technicals and flow.
⚠️No earnings; event IV is moot. Flow shows speculative call activity but no catalyst.
📉High put OI ratio (1.37) suggests bearish positioning; $800 puts indicate tail hedging.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$1100.00 — Approx — based on put OI concentration of 4,730 (21.9% below spot)

Earnings Overview

Expected moves:

  • 2026-05-22 (7d): ±$167.05 (11.9%)
  • 2026-05-29 (14d): ±$226.55 (16.1%)
  • 2026-06-05 (21d): ±$280.60 (19.9%)

IV Setup

Term structure: No earnings event; term structure not applicable.

Crush estimate: N/A

Skew: No notable skew.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: No upcoming event.

Directional bias: Neutral

Key Levels

1$1100.00 gamma flip
2EM guardrails: 1w $1240.56/$1574.66
3Max pain pins: $1250 (2026-05-15); $1315 (2026-05-22); $1260 (2026-05-29)

Flow Highlights

Unusual put volume at $800 strike (5849 vs OI 625, IV 164.8%)

Deep OTM puts: likely hedges or tail risk protection.

Heavy call buying at $1420, $1380, $1390 strikes expiring today

Bullish speculation or covering near max pain $1250.

Strategies

Iron Condor on SNDK
Sell 2026-05-22 $1400.00/$1380.00 put wing and $1450.00/$1455.00 call wing
Credit: $10.26-$12.54
Max loss: $7.46
Max gain: $12.54
BE: 1387.46 / 1462.54
Trigger: Gamma risk near pin levels; close at 50% profit or by expiry.
No earnings catalyst; high IV and neutral bias favor premium sale; put OI floor and call wall provide boundaries.
Outperforms: Selling a narrow iron condor near current spot to capture time decay and implied volatility crush.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Spot at $1404 vs gamma flip at 1100; pinning risk from put OI.
!Call OI wall at $1800-$2000 limits upside; put floor at $800-$1300.

What to Watch

?Max pain $1250 (today) and $1315 (next week).
?Gamma flip near 1100 if spot drops.
?Large call OI at $1450 (9905 vol) expiring today.
How to Use These Reports
This earnings reflects the market close on May 15, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.