thetaOwl
HomeOptionsSNDKReports

SNDK

Sandisk CorporationClose $1553.40EOD only
Max Pain
$1500.00
Next expiry Sep 4, 2026
Expected Move
±$70.95
4.6% from close
Price Gap
-53.40
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.28
Slightly put-heavy
Consensus
6.0/10
Bearish tilt
Published snapshot: Sep 2, 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
Sep 2, 2026 close
SNDK Theta Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Short put spreads
Invalidation: Spot closes below 1550 support or above 1660 resistance
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 6.1% from MP; +0.5 VIX 22

IV Environment

IV Regime
High
IV vs VIX
Elevated relative to VIX
Favorable?
No

Term structure: Sharp contango from front-month to next week, then flattish; front-month IV low due to expiry

⚠️High IV but bearish flow and spot below MP increase risk
📉Dealer short gamma (-$15M) amplifies downside moves

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-15.0M)

Gamma flip: ~$1550.00 — Approx — based on put OI concentration of 4,697 (0.6% below spot)

OI concentrations: Max pain pins: $1660 (Jun5), $1540 (Jun12), $1030 (Jun18); put floor $800-$1350

Verdict: Elevated pin risk due to concentrated OI near support levels

Premium Opportunities

Risk Alerts

!Spot below max pain
!Put/call OI ratio 1.74 suggests bearish sentiment
!High vol regime with trending gamma
How to Use These Reports
This theta reflects the market close on June 5, 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.