Moderately bullish activity in Sandisk Corporation (SNDK), with shares up $57.76, or 10.66%, near $599.40. Options volume roughly in line with average with 132k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.86. Implied volatility (IV30) is higher by 3.1 points near 104.1,and above the 52wk median, suggesting an expected daily move of $39.31. Put-call skew steepened, indicating increased demand for downside protection.
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