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SNDK

Sandisk CorporationClose $1447.23EOD only

Max Pain

$1220.00

Next expiry May 15, 2026

Expected Move

±$110.05

7.6% from close

Price Gap

-227.23

Distance to max pain

IV Rank

High premium

P/C OI

1.43

Slightly put-heavy

Consensus

6.0/10

Range bias

Published snapshot: May 13, 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 13, 2026 close

SNDK Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -1 spot 11.5% from MP; +1 VIX 17

Watch next session: $1200 gamma flip; $1500 call strike cluster

Flow Summary

Net premium: +$208.4M bullish

P/C volume ratio: 1.07

P/C OI ratio: 1.46

High net premium with mixed flow: heavy put OI but aggressive call buying in unusual prints, notably $1810 calls and $1320 puts. GEX negative $2.9M suggests dealer short gamma. Spot above MP but VIX moderate. Mixed signals warrant caution.

Notable Prints

SNDK 2026-05-15 $1810.00 Call

Vol: 627

OI: 118

Vol/OI: 5.3x

IV: 145.9%

Notional: ~$11K

Intent: Lottery

Dual read: Spec

Read-through: Bullish

SNDK 2026-05-15 $1315.00 Put

Vol: 667

OI: 127

Vol/OI: 5.2x

IV: 94.1%

Notional: ~$880K

Intent: BearishSpec

Dual read: Hedge

Read-through: Bearish

SNDK 2026-05-15 $1405.00 Call

Vol: 645

OI: 147

Vol/OI: 4.4x

IV: 91.9%

Notional: ~$1.6M

Intent: BullishSpec

Dual read: Hedge

Read-through: Bullish

SNDK 2026-06-18 $1350.00 Put

Vol: 569

OI: 182

Vol/OI: 3.1x

IV: 100.3%

Notional: ~$8.8M

Intent: BearishHedge

Dual read: Protection

Read-through: Bearish

SNDK 2026-05-15 $1500.00 Call

Vol: 5,173

OI: 1,717

Vol/OI: 3.0x

IV: 96.4%

Notional: ~$3.3M

Intent: BullishSpec

Dual read: Covering

Read-through: Bullish

Institutional Positioning

Call additions: Heavy OTM call buying at $1500 and $1810; near strikes $1390-$1415.

Put additions: Active put buying at $1315 and $1320; June $1350 and deep OTM $1220 puts added.

GEX/DEX consistency: GEX negative (-$2.9M) vs DEX positive (+20.4M shares); mixed signal.

OI clusters: Largest put OI at $1220 (5,015 contracts); call OI at $1500 (1,717).

Hedging evidence: Downside put buying at $1220 and $1315 indicates hedging; calls at $1500 may be upside speculation.

Max pain context: Spot above max pain; likely pin near $1220 put wall and $1500 call wall.

Signal vs Noise

~Signal: heavy put buying at $1315/1320 and call buying at $1500.

~Noise: deep OTM $425 put and $1810 call (lottery).

Key Conclusions

🛡️Institutions hedge downside with put buying at $1315-1320; upside speculation via $1500 calls.

⚠️Massive put OI at $1220 acts as downside magnet; negative GEX may amplify moves.

📊Flow mixed with high VIX; wait for clearer direction.

How to Use These Reports

This flow reflects the market close on May 14, 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.