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SANDISK CORPORATION put volume heavy and directionally bearish

Bearish flow noted in SANDISK (SNDK) CORPORATION with 3,054 puts trading, or 6x expected. Most active are May-25 30 puts and Jun-25 30 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.91, while ATM IV is up over 2 points on the day. Earnings are expected on May 7th.

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