Option traders moderately bearish in Sandisk Corporation (SNDK), with shares down $18.86 near $607.70. Options volume roughly in line with average with 92k contracts traded and calls leading puts for a put/call ratio of 0.83, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 1.8 points near 106.48,in the top quartile of the past year, suggesting an expected daily move of $40.76. Put-call skew steepened, indicating increased demand for downside protection.
Meet Samuel – Your Personal Investing Prophet
SNDK has a long & short ETF? Explore SNXX & SNDQPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNDK:
- Option traders moderately bearish in Sandisk Corporation with shares down 3.01%
- Micron vs. SanDisk: Which Memory Chip Stock Is the Better Buy Right Now?
- SNDK or QCOM: Morgan Stanley Picks One Top AI Semiconductor Stock to Buy
- SNDK, MU: Why Are Memory Chip Stocks Down Today after Thursday’s Rally?
- How High Can Micron (MU) and SanDisk (SNDK) Go? Street-High Price Targets Drop a Hint