Option traders moderately bearish in Sandisk Corporation (SNDK), with shares down $69.75 near $1000.45. Options volume roughly in line with average with 44k contracts traded and puts leading calls for a put/call ratio of 1.12, compared to a typical level near 1.0. Implied volatility (IV30) is higher by 0.3 points near 115.63, in the highest 10% of observations over the past year, suggesting an expected daily move of $72.87. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Sandisk Corporation (SNDK) will report earnings after the close on 2026-04-30.Option markets are pricing in a 50% probability of a move greater than 16.2% or $162.04.
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