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SNDK

Sandisk CorporationClose $1759.68EOD only

Max Pain

$1650.00

Next expiry Jun 5, 2026

Expected Move

±$77.50

4.4% from close

Price Gap

-109.68

Distance to max pain

IV Rank

High premium

P/C OI

1.66

Slightly put-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 4, 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

Jun 4, 2026 close

SNDK Flow Report

Analysis based on market close June 4, 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); -1 spot 6.6% from MP; +1 VIX 15

Watch next session: Gamma flip 1300; Put volume activity

Flow Summary

Net premium: +$141.0M bullish

P/C volume ratio: 1.93

P/C OI ratio: 1.66

Despite high put volume, +GEX $2.9M pins spot. Mixed flow with notable put and call prints. Spot 6.6% above MP, VIX 15. Confidence base 8.

Notable Prints

SNDK 2026-06-18 $670.00 Put

Vol: 3,264

OI: 238

Vol/OI: 13.7x

IV: 187.7%

Notional: ~$255K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SNDK 2026-06-12 $1430.00 Put

Vol: 1,159

OI: 119

Vol/OI: 9.7x

IV: 113.9%

Notional: ~$2.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SNDK 2026-06-05 $1790.00 Call

Vol: 1,080

OI: 223

Vol/OI: 4.8x

IV: 75.0%

Notional: ~$2.9M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SNDK 2026-06-05 $1820.00 Call

Vol: 1,028

OI: 248

Vol/OI: 4.2x

IV: 74.9%

Notional: ~$1.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SNDK 2026-06-05 $1800.00 Call

Vol: 3,255

OI: 907

Vol/OI: 3.6x

IV: 73.5%

Notional: ~$7.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Large volume at 1790-1870 strikes (weekly 6/5); 1800C has 3.6x vol/OI.

Put additions: Unusual put volume at 670 (6/18), 1430 (6/12), 900, 740, 700; added for downside protection.

GEX/DEX consistency: GEX +$2.9M, DEX +20.9M shares; positive gamma consistent with pinning regime.

OI clusters: Highest OI: 1800C (907), 900P (539), 700P (373).

Hedging evidence: Deep OTM puts (670P, 700P) with high vol/OI ratio (13.7, 3.2) indicate tail hedging.

Max pain context: Spot above MP; pinning regime; high call OI at 1800 may attract spot.

Signal vs Noise

~Large put volume at 670P and 1430P is signal of institutional downside hedging, not noise.

~High call volume at 1800C (3.6x OI) is real bullish flow; low-volume prints like $2090C are noise.

Key Conclusions

📈Call accumulation at 1800-1870 strikes indicates bullish positioning ahead of weekly expiry.

⚠️Deep OTM puts (670, 1430) added at high volumes suggest tail risk hedging.

How to Use These Reports

This flow reflects the market close on June 4, 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.