SNDK Options History — November 2007

In November 2007, SNDK traded between $35.25 and $44.43. ATM implied volatility averaged 45.2%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 15.1% (HV 20d: 60.3%). Max pain ranged from $37.50 to $45.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2007-11-27: Highest Volume — 58,096 contracts
  • 2007-11-05: Largest IV spike — 18.5% change
  • 2007-11-12: Highest IV Rank — 55.8%
  • 2007-11-12: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.59$35.25$44.43$43.89$37.44
Max Pain$41.07$37.50$45.00$45.00$37.50
ATM IV45.2%37.4%56.1%42.3%37.4%
Expected Move12.9%10.7%14.9%12.1%10.7%
HV 20d60.3%41.8%76.7%75.1%43.2%
HV 60d54.9%54.1%55.6%54.8%54.5%
IV Rank36.6%22.9%55.8%31.6%22.9%
IV Percentile70.3%44.8%89.4%62.4%44.8%
Term Structure3.8%1.3%5.7%1.3%5.7%
VWIV44.7%37.6%50.9%42.3%37.6%
Skew 25d3.6%1.6%5.3%1.6%3.8%
Skew 10d5.9%-0.3%10.4%-0.3%7.0%
Call IV 25d43.6%36.7%50.3%42.0%36.9%
Put IV 25d47.2%40.3%54.5%43.6%40.7%
Bid-Ask Spread %9.446.6913.889.748.94
Gamma HHI0.130.090.240.120.10
Net GEX311.0K-4.2M5.6M3.8M1.8M
Net DEX189.5M-64.5M317.0M-24.6M146.8M
Net VEX-3.4M-4.4M-2.8M-4.3M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.283.020.410.57
Total Volume31,737.7146,32558,09638,64114,604
Total OI650,911.524557,246713,112685,487600,840

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$43.89$45.0042.3%12.1%75.1%31.6%42.3%1.6%1.3%3.8M-24.6M-4.3M0.419.74N/AN/A27,38911,252432,930252,557
2007-11-02$44.43$45.0037.9%10.9%75.4%23.8%39.1%2.0%5.5%5.6M-64.5M-4.4M0.699.34N/AN/A19,09213,228442,356254,182
2007-11-05$41.99$42.5044.9%13.0%76.7%36.1%45.1%5.0%3.1%1.9M118.5M-4.1M0.3310.99N/AN/A36,47012,030445,643254,902
2007-11-06$41.36$42.5044.3%12.8%76.3%35.1%45.0%4.5%2.5%1.5M149.8M-3.9M3.0211.74N/AN/A11,52334,776451,702253,731
2007-11-07$40.67$42.5048.6%13.5%76.0%42.6%46.6%3.1%2.4%632.9K166.5M-3.8M1.0813.88N/AN/A10,27211,094453,146248,695
2007-11-08$39.05$42.5050.9%14.1%74.7%46.7%49.4%3.9%4.0%-852.3K250.2M-3.6M0.8412.22N/AN/A30,35625,478455,510250,959
2007-11-09$38.95$42.5050.2%14.3%74.5%45.4%49.9%4.3%4.0%-478.4K239.8M-3.7M0.796.69N/AN/A12,0429,537459,959253,084
2007-11-12$37.60$42.5056.1%14.9%74.2%55.8%50.9%4.2%1.4%-1.3M317.0M-3.3M0.667.41N/AN/A18,29811,987461,655249,402
2007-11-13$39.16$42.5046.5%13.2%76.3%39.0%45.3%5.3%4.4%-644.3K244.0M-3.4M1.008.63N/AN/A23,12723,148464,925243,543
2007-11-14$38.04$42.5045.0%13.3%74.0%36.4%46.1%2.0%3.5%-1.3M272.5M-3.4M0.4310.32N/AN/A19,0148,110471,519239,990
2007-11-15$37.27$40.0046.8%13.4%72.7%39.5%46.7%3.3%3.6%-2.0M298.2M-3.2M0.8310.08N/AN/A9,8408,191474,786238,326
2007-11-16$37.36$40.0045.0%12.9%46.9%36.3%44.8%4.7%4.7%-4.2M285.0M-3.2M0.679.15N/AN/A14,1449,437474,039233,732
2007-11-19$36.19$40.0047.6%13.6%45.4%40.8%46.7%2.9%3.5%-798.0K257.0M-3.0M1.038.71N/AN/A20,73721,336343,902213,344
2007-11-20$35.89$40.0045.6%13.1%45.3%37.3%44.8%5.2%3.8%-842.8K265.2M-2.9M1.387.02N/AN/A16,05222,207351,890214,585
2007-11-21$36.19$40.0046.5%13.3%44.4%38.9%45.8%3.4%4.7%-252.7K206.5M-3.0M1.087.78N/AN/A12,16313,088356,881208,072
2007-11-23$36.11$40.0046.9%13.5%42.6%39.7%46.1%3.5%3.5%-373.3K215.8M-3.0M0.429.73N/AN/A4,4511,874361,264210,846
2007-11-26$35.25$40.0047.3%13.6%41.8%40.3%47.6%2.8%4.8%-629.2K243.7M-2.8M0.2810.64N/AN/A12,3913,410362,670210,661
2007-11-27$37.25$40.0041.5%11.9%43.2%30.2%42.3%2.2%5.1%323.6K176.6M-3.0M0.487.29N/AN/A39,25318,843367,547209,886
2007-11-28$38.16$37.5039.0%11.2%43.8%25.7%38.8%3.1%4.4%2.2M110.6M-3.2M0.558.85N/AN/A27,39615,096385,298209,042
2007-11-29$38.10$37.5038.5%11.0%43.1%24.9%38.2%4.6%4.3%2.6M105.7M-3.2M0.599.13N/AN/A8,6555,101390,579210,562
2007-11-30$37.44$37.5037.4%10.7%43.2%22.9%37.6%3.8%5.7%1.8M146.8M-3.0M0.578.94N/AN/A9,3005,304389,867210,973