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SNDK

Sandisk CorporationClose $919.47EOD only

Max Pain

$800.00

Next expiry Apr 17, 2026

Expected Move

±$34.95

3.8% from close

Price Gap

-119.47

Distance to max pain

IV Rank

High premium

P/C OI

1.23

Slightly put-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Apr 16, 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

Apr 16, 2026 close

SNDK Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 15.1% from MP; +1 VIX 17

Watch next session: Spot price vs MP and approach to ~925 gamma‑flip; Any further large same‑day call/put prints; Intraday VIX moves and net delta/GEX shifts

Flow Summary

Net premium: +$418.4M bullish

P/C volume ratio: 0.83

P/C OI ratio: 1.27

Heavy same‑day call and sizable put flow with +GEX creates pinning pressure near 925–935; downside remains if spot slips toward gamma‑flip or puts resume.

Notable Prints

SNDK 2026-04-17 $925.00 Call

Vol: 6,460

OI: 696

Vol/OI: 9.3x

IV: 19.0%

Notional: ~$646K

Intent: aggressive call buy

Dual read: directional or hedge

Read-through: short‑term pin focus 925–930

SNDK 2026-04-17 $910.00 Put

Vol: 2,259

OI: 257

Vol/OI: 8.8x

IV: 26.4%

Notional: ~$120K

Intent: put buying

Dual read: protective vs bearish

Read-through: puts concentrate below spot

SNDK 2026-04-17 $930.00 Call

Vol: 11,626

OI: 1,413

Vol/OI: 8.2x

IV: 20.2%

Notional: ~$581K

Intent: large call accumulation

Dual read: directional or gamma sell

Read-through: pin cluster near 930

SNDK 2026-04-24 $790.00 Put

Vol: 991

OI: 121

Vol/OI: 8.2x

IV: 92.9%

Notional: ~$778K

Intent: deep OTM protection

Dual read: speculative tail buy

Read-through: tail risk demand

SNDK 2026-04-17 $915.00 Call

Vol: 4,313

OI: 538

Vol/OI: 8.0x

IV: 25.8%

Notional: ~$2.6M

Intent: call buying

Dual read: roll or hedge

Read-through: near‑term upside interest

Institutional Positioning

Call additions: Concentrated same-day call buys 915–935 into expiry, skew toward short-dated calls

Put additions: Significant short-dated puts 870–910 and scattered weeklies 730–790; far-OTM flows likely hedges/specs

GEX/DEX consistency: Positive GEX (+$22.5M) and DEX inflows align with net call skew but are not definitive proof of pinning

OI clusters: OI bulge around 930–935C and 870–915P clusters; gamma flip ~700

Hedging evidence: Elevated IV and weeklies activity consistent with institutional hedging/collars rather than clear directional conviction

Max pain context: Max Pain sits below spot; combined with mixed short-dated signals, pin toward 915–935 is plausible but ambiguous

Signal vs Noise

~Signal: large same-day call prints 915–935 with meaningful vol/oi supporting short-dated call bias

~Signal: positive GEX/DEX reinforce skew but don’t guarantee pinning

~Noise: far-OTM and weekly put flow with high IV likely hedges/specs and should be treated as ambiguous offsets

Key Conclusions

📌Pinning into 915–935 is plausible given short-dated call flow and GEX, but MP below spot and mixed signals make it uncertain

⚖️Net posture: short-dated call-heavy exposure with ambiguous protective puts/weeklies that appear more hedging than directional

Read the Flow analysis for SNDK for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.