Moderately bullish activity in Sandisk Corporation (SNDK), with shares up $35.72, or 6.77%, near $563.05. Options volume roughly in line with average with 97k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 1.0 points near 99.73,and above the 52wk median, suggesting an expected daily move of $35.37. Put-call skew steepened, indicating increased demand for downside protection.
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