Home Options SNDKReports

SNDK

Sandisk CorporationClose $1392.56EOD only

Max Pain

$1330.00

Next expiry May 22, 2026

Expected Move

±$105.00

7.5% from close

Price Gap

-62.56

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.37

Slightly put-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: May 20, 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 20, 2026 close

SNDK Flow Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +1 GEX positive (pinning); -0.5 spot 4.7% from MP; +1 VIX 17

Watch next session: $1205 put unusual; $1100 put gamma flip; put/call ratio changes

Flow Summary

Net premium: -$809K bearish

P/C volume ratio: 1.47

P/C OI ratio: 1.37

Mixed signals: net premium -$809k and bearish flow vs bullish GEX $4.5M and DEX +18.5M shares. High vol, pinning gamma. Key gamma flip at $1100.

Notable Prints

SNDK 2026-05-22 $1205.00 Put

Vol: 603

OI: 134

Vol/OI: 4.5x

IV: 114.2%

Notional: ~$314K

Intent: Bearish speculation

Dual read: Hedge

Read-through: Downside bet

SNDK 2026-06-12 $1100.00 Put

Vol: 419

OI: 100

Vol/OI: 4.2x

IV: 106.2%

Notional: ~$1.4M

Intent: Bearish

Dual read: Hedge

Read-through: Expects decline

SNDK 2026-05-22 $1395.00 Call

Vol: 403

OI: 104

Vol/OI: 3.9x

IV: 103.1%

Notional: ~$2.1M

Intent: Bullish call buying

Dual read: Covering short calls

Read-through: Bullish near-term

SNDK 2026-06-12 $1270.00 Put

Vol: 454

OI: 143

Vol/OI: 3.2x

IV: 101.5%

Notional: ~$3.8M

Intent: Bearish

Dual read: Hedge

Read-through: Downside view

SNDK 2026-05-29 $1090.00 Put

Vol: 483

OI: 197

Vol/OI: 2.5x

IV: 110.8%

Notional: ~$449K

Intent: Bearish speculation

Dual read: Hedge

Read-through: Downside bias

Institutional Positioning

Call additions: Limited, small OTM calls at 1395 and 1425 (May 22)

Put additions: Heavy, strikes 730-1350 across May-Jul '26, notably 1205 put (603 vol vs 134 OI)

GEX/DEX consistency: GEX positive (+4.5M) and DEX long (+18.5M) contrast with bearish put flow; pinning near MP

OI clusters: Largest put OI at 1100 (gamma flip), 1090, 1270, 1220

Hedging evidence: Heavy put buying suggests downside hedging; no clear collars

Max pain context: Spot above MP (~1315), gamma pinning may cap upside; MP near 1325

Signal vs Noise

~Unusual put volume at 1205 (4.5x OI) strong bearish signal

~Call prints at 1395/1425 small, likely noise

~Sustained put/call ratio above 1.4 confirms bearish flow

~Long-dated $155 put (Jan '27) is noise, far OTM

Key Conclusions

🔻Heavy put accumulation signals downside bias; watch 1100 gamma flip

⚠️GEX positive but flow bearish; pinning may fail if spot breaks 1100

📊Bearish flow dominates despite market rally; divergence warning

How to Use These Reports

This flow reflects the market close on May 20, 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.