thetaOwl

SNDK

Sandisk CorporationClose $1478.69EOD only
Max Pain
$1350.00
Next expiry May 29, 2026
Expected Move
±$148.25
10.0% from close
Price Gap
-128.69
Distance to max pain
IV Rank
55
Middle-high premium
P/C OI
1.46
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
SNDK Flow Report
Analysis based on market close May 26, 2026

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

Flow Verdict

BiasMixed
Confirmation: Spot holds above $1590 and pins near MP; put/call volume ratio remains elevated but gamma pinning persists.
Invalidation: Break below $1550 or above $1620 with strong volume; put/call ratio collapses.
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 14.4% from MP; +1 VIX 17

Watch next session: $1600 straddle activity; $1255 put open interest; $1750 call volume

Flow Summary

Net premium: +$287.8M bullish

P/C volume ratio: 1.30

P/C OI ratio: 1.50

Mixed flow with high put/call ratios and heavy unusual prints. Large put buying at $1600 and $1255 alongside call buying at $1750 suggests hedging and speculation. Positive gamma pinning and spot above MP support range, but bearish lean from put dominance. Watch key levels for breakout.

Notable Prints

#1
SNDK 2026-05-29 $1600.00 Put
Vol: 1,508
OI: 150
Vol/OI: 10.1x
IV: 99.4%
Notional: ~$10.8M
Intent: Bearish speculation/hedge
Dual read: Volatility play

Read-through: Expect drop to ~1528

#2
SNDK 2026-05-29 $1255.00 Put
Vol: 1,500
OI: 162
Vol/OI: 9.3x
IV: 127.8%
Notional: ~$480K
Intent: Extreme bearish bet
Dual read: Capped risk

Read-through: Expect collapse to <1255

#3
SNDK 2026-05-29 $1750.00 Call
Vol: 2,621
OI: 299
Vol/OI: 8.8x
IV: 102.3%
Notional: ~$4.7M
Intent: Bullish speculation
Dual read: Possibly part of spread

Read-through: Expect rally to ~1768

#4
SNDK 2026-05-29 $1590.00 Call
Vol: 902
OI: 111
Vol/OI: 8.1x
IV: 98.7%
Notional: ~$5.9M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
SNDK 2026-05-29 $1620.00 Call
Vol: 815
OI: 108
Vol/OI: 7.5x
IV: 98.2%
Notional: ~$4.2M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls 1750/1590/1620/1580/1850/1950 high vol/OI

Put additions: Puts 1600/1255/1280/1300 high vol/OI

GEX/DEX consistency: GEX+DEX positive, consistent bullish

OI clusters: Put OI cluster 1250 gamma flip; call cluster 1580-1750

Hedging evidence: Puts 1255/1280 hedge; 1600 put large

Max pain context: Spot above MP; gamma pinning

Signal vs Noise

~Large put prints at 1255/1280 are hedging noise
~Call prints at 1750/1950 signal real bullish bets

Key Conclusions

📈Bullish call flow at 1750 and 1590 indicates upside bets
⚠️Large put buys at 1255/1280 may hedge downside
How to Use These Reports
This flow reflects the market close on May 26, 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.