Home Options SNDKReports

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

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 Flow Report

Analysis based on market close May 15, 2026

Directional Theta Gang Flow Earnings Consensus

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 flow report is available for May 19, 2026.

View latest report

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.6% from MP; +0.5 VIX 18

Watch next session: 1450 call OI change; 1100 put OI change

Flow Summary

Net premium: +$385.5M bullish

P/C volume ratio: 0.98

P/C OI ratio: 1.37

Strong call buying dominates with $385M net premium. Positive gamma pinning but put/call OI ratio elevated. Spot above MP. Heavy unusual call volume at 1450/1420 suggests bullish sentiment. Gamma flip at 1100 offers downside support.

Notable Prints

SNDK 2026-05-15 $1420.00 Call

Vol: 3,047

OI: 257

Vol/OI: 11.9x

IV: 24.7%

Notional: ~$329K

Intent: Upside speculation

Dual read: Short covering possible

Read-through: Bullish

SNDK 2026-05-15 $1380.00 Call

Vol: 1,661

OI: 152

Vol/OI: 10.9x

IV: 48.9%

Notional: ~$5.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SNDK 2026-05-22 $800.00 Put

Vol: 5,849

OI: 625

Vol/OI: 9.4x

IV: 164.8%

Notional: ~$526K

Intent: Bearish hedge

Dual read: Tail risk protection

Read-through: Negative

SNDK 2026-05-15 $1475.00 Call

Vol: 1,219

OI: 184

Vol/OI: 6.6x

IV: 35.4%

Notional: ~$7K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SNDK 2026-05-22 $2100.00 Call

Vol: 1,099

OI: 168

Vol/OI: 6.5x

IV: 117.3%

Notional: ~$110K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated at 1415-1475 C, led by 1450C (9.9k vol) and 1420C (3k vol)

Put additions: Long-dated 800P (5.8k vol) tail hedge; 1345P (850 vol) near-term

GEX/DEX consistency: GEX +2.1M and DEX +20.8M shares bullish aligned, but put OI ratio 1.37 shows hedging

OI clusters: Largest: put OI 4.7k at 1100 (gamma flip), call OI 1.9k at 1450

Hedging evidence: Long-dated 800P protects downside; high put/call OI suggests collar hedging

Max pain context: Spot 12.6% above MP, MP likely near 1100-1200; gamma pin at 1100 reinforces

Signal vs Noise

~1450C and 1420C call buying is speculative noise given OTM and high IV

~800P put addition is real tail hedge signal from institutions

~High put/call OI ratio reflects hedging not bearish view

~GEX/DEX positive flow supports short-term bounce but regime mixed

Key Conclusions

🛡️Tail hedge via 800P suggests downside fear despite call buying

📉Max pain and gamma flip at 1100 imply downward pin

⚖️Mixed flow but capital positive; net premium $385M supports upside

How to Use These Reports

This flow 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.