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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

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 19, 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); -0.5 spot 4.0% from MP; +0.5 VIX 18

Watch next session: Monitor 0DTE put/call ratio on weekly expiration.

Flow Summary

Net premium: +$301.9M bullish

P/C volume ratio: 1.07

P/C OI ratio: 1.38

Mixed flow with high net premium and notable put volume. Bearish put OI ratio countered by aggressive call buying at distant strikes. Gamma flips at 1100 suggests downside support. Key level 1250 in play from confirmation. High VIX adds uncertainty. Overall Mixed bias reflects divergent signals.

Notable Prints

SNDK 2026-06-18 $1520.00 Call

Vol: 1,194

OI: 162

Vol/OI: 7.4x

IV: 97.0%

Notional: ~$13.1M

Intent: Bullish speculation

Read-through: Upside bet

SNDK 2026-06-05 $2000.00 Call

Vol: 660

OI: 111

Vol/OI: 6.0x

IV: 101.2%

Notional: ~$583K

Intent: Lottery

Read-through: Extreme upside

SNDK 2026-06-05 $800.00 Put

Vol: 647

OI: 109

Vol/OI: 5.9x

IV: 138.9%

Notional: ~$166K

Intent: Hedge

Read-through: Downside protection

SNDK 2026-05-29 $1250.00 Put

Vol: 1,099

OI: 230

Vol/OI: 4.8x

IV: 101.8%

Notional: ~$4.4M

Intent: Bearish

Read-through: Expects below 1250

SNDK 2026-05-22 $1095.00 Put

Vol: 1,061

OI: 239

Vol/OI: 4.4x

IV: 130.4%

Notional: ~$297K

Intent: Speculative put

Read-through: Cheap insurance

Institutional Positioning

Call additions: Calls added at $1520 (Jun18) and $2000 (May29) OI spikes.

Put additions: Puts $800-1250 strikes with high vol/OI, especially May22/29.

GEX/DEX consistency: Positive GEX/DEX but $990 put OI (304) large; pinning not certain.

OI clusters: Puts: $990 (304), $1250 (230), $1095 (239); Calls: $1250 (172), $2000 (1115).

Hedging evidence: Downside puts at multiple near-term strikes indicate hedging.

Max pain context: MP near $1100-1200; gamma flip at $1100 supports spot above.

Signal vs Noise

~$2000 calls speculative; $990 put OI large, likely hedging.

~Real signal: consistent put buying $1095-$1250 near spot.

Key Conclusions

🛡️Hedging with puts $1095-$1250, speculating with calls $1520+.

⚠️Gamma flip at $1100; break risks acceleration.

How to Use These Reports

This flow reflects the market close on May 19, 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.