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SNDK

Sandisk CorporationClose $1452.02EOD only

Max Pain

$1200.00

Next expiry May 15, 2026

Expected Move

±$136.50

9.4% from close

Price Gap

-252.02

Distance to max pain

IV Rank

High premium

P/C OI

1.41

Slightly put-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: May 12, 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 12, 2026 close

SNDK Flow Report

Analysis based on market close May 13, 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 18.6% from MP; +1 VIX 18

Watch next session: 1450C; 1500C; 1200 support

Flow Summary

Net premium: +$484.7M bullish

P/C volume ratio: 1.10

P/C OI ratio: 1.43

Large net premium $485M with positive dealer gamma and delta. Aggressive call buying at high strikes suggests upside bets. Pinning likely near MP despite high VIX. Confidence high.

Notable Prints

SNDK 2026-06-05 $1500.00 Call

Vol: 432

OI: 136

Vol/OI: 3.2x

IV: 109.8%

Notional: ~$6.2M

Intent: Speculative

Read-through: Up

SNDK 2026-05-15 $1440.00 Call

Vol: 507

OI: 164

Vol/OI: 3.1x

IV: 104.6%

Notional: ~$2.9M

Intent: Directional

Read-through: Up

SNDK 2026-05-29 $1300.00 Put

Vol: 598

OI: 198

Vol/OI: 3.0x

IV: 108.1%

Notional: ~$4.1M

Intent: Hedge

Read-through: Down

SNDK 2026-05-15 $1455.00 Call

Vol: 494

OI: 170

Vol/OI: 2.9x

IV: 104.7%

Notional: ~$2.3M

Intent: Directional

Read-through: Up

SNDK 2026-05-29 $425.00 Put

Vol: 266

OI: 104

Vol/OI: 2.6x

IV: 245.0%

Notional: ~$23K

Intent: Tail hedge

Read-through: Extreme down

Institutional Positioning

Call additions: Heavy buying at $1500, $1440, $1450 strikes

Put additions: Puts at $1300, $1190; tail hedges at $425-$880

GEX/DEX consistency: GEX +$3.9M, DEX +20.4M shares, both positive, consistent with pinning

OI clusters: Largest OI: $1450 call 1318, $1300 put 198, $1190 put 161; gamma flip at $1200

Hedging evidence: Far OTM puts ($425-$905) suggest tail hedging; mixed flow

Max pain context: Spot above MP, positive GEX supports pinning near current levels

Signal vs Noise

~High volume calls at $1450-$1500 are real bullish signal

~Far OTM puts ($425-$880) are tail hedging noise

~Put/call OI ratio 1.43 reflects mixed sentiment, not directional conviction

Key Conclusions

📈Bullish call additions at high strikes indicate institutional upside speculation

🛡️Tail hedging via far OTM puts shows downside protection

📌Positive GEX and gamma flip at $1200 imply pinning near current price

How to Use These Reports

This flow reflects the market close on May 13, 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.