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SNDK

Sandisk CorporationClose $979.07EOD only

Max Pain

$870.00

Next expiry Apr 24, 2026

Expected Move

±$65.85

6.7% from close

Price Gap

-109.07

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.25

Slightly put-heavy

Consensus

6.0/10

Range bias

Published snapshot: Apr 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

Apr 22, 2026 close

SNDK AI Consensus Report

Analysis based on market close April 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

6.5

out of 10

6.5 because dealer GEX and pinning provide asymmetric short-term support but an upcoming event/IV skew and the known $800 gamma flip create a clear single-point failure that can rapidly invalidate positioning.

Where Perspectives Agree

Market consensus is bullish-pin around $900 with dealer gamma and option positioning supporting mean-reversion into the $900–$1,000 band in the near term.

Where They Diverge

Flow signals of institutional accumulation conflict with earnings/IV term-structure risk that creates a binary event risk and potential vol spike; that earnings-driven volatility would undermine the pin and could reverse the bullish positioning.

Top Trade

via theta

Sell 2026-05-15 $870/$690 put spread for credit (cash‑secured put credit spread).

Key Risk

A daily close below $800 (gamma flip) that forces dealers to flip hedges, triggering rapid delta-driven selling and a cascade toward the next structural support near $720, which would invalidate the pin/bullish thesis.

How to Use These Reports

This ai consensus reflects the market close on April 23, 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.