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Mixed options sentiment in Sandisk Corporation with shares up 2.16%

Mixed options sentiment in Sandisk Corporation (SNDK), with shares up $4.74, or 2.16%, near $224.20. Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.9. Implied volatility (IV30) dropped 0.63 near 95.5,and above the 52wk median, suggesting an expected daily move of $13.49. Put-call skew steepened, indicating increased demand for downside protection.

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