SNDK Options History — January 2008

In January 2008, SNDK traded between $25.15 and $33.17. ATM implied volatility averaged 65.8%, placing in the 69.2% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded above realized volatility by 25.3% (HV 20d: 40.6%). Max pain ranged from $27.50 to $40.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.84.

Notable Days

2008-01-08: Highest Volume — 98,636 contracts
2008-01-29: Largest IV drop — 36.8% change
2008-01-23: Highest IV Rank — 100.0%
2008-01-28: Largest Expected Move — 26.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.14	$25.15	$33.17	$33.17	$25.45
Max Pain	$30.95	$27.50	$40.00	$40.00	$27.50
ATM IV	65.8%	43.3%	93.0%	45.1%	52.7%
Expected Move	19.3%	12.4%	26.7%	12.9%	15.1%
HV 20d	40.6%	29.1%	52.6%	30.6%	52.6%
HV 60d	47.3%	41.9%	53.2%	52.3%	42.6%
IV Rank	69.2%	33.3%	100.0%	36.4%	41.4%
IV Percentile	92.6%	65.9%	100.0%	74.5%	86.9%
Term Structure	-9.0%	-23.1%	11.1%	11.1%	-1.6%
VWIV	67.0%	45.5%	89.8%	45.7%	50.8%
Skew 25d	3.5%	0.3%	14.9%	0.7%	10.1%
Skew 10d	5.3%	-9.0%	17.4%	-4.3%	15.8%
Call IV 25d	65.7%	46.0%	87.1%	46.0%	47.7%
Put IV 25d	69.3%	46.3%	97.0%	46.7%	57.8%
Bid-Ask Spread %	9.81	3.76	14.46	5.91	5.23
Gamma HHI	0.13	0.11	0.17	0.13	0.14
Net GEX	1.5M	-88.9K	3.5M	1.1M	1.0M
Net DEX	164.3M	80.3M	278.8M	208.1M	125.1M
Net VEX	-2.0M	-2.5M	-1.6M	-2.2M	-1.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.25	3.03	0.41	0.28
Total Volume	44,080.476	14,374	98,636	31,920	19,782
Total OI	581,737.238	398,121	695,205	591,447	483,075

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2008-01-02	$33.17	$40.00	45.1%	12.9%	30.6%	36.4%	45.7%	0.7%	11.1%	1.1M	208.1M	-2.2M	0.41	5.91	N/A	N/A	22,643	9,277	405,303	186,144
2008-01-03	$32.29	$37.50	43.3%	12.4%	30.7%	33.3%	45.5%	0.3%	10.1%	861.8K	238.0M	-2.1M	1.02	3.76	N/A	N/A	21,389	21,749	420,472	187,929
2008-01-04	$30.42	$35.00	51.0%	16.9%	33.5%	46.9%	58.9%	3.0%	-5.6%	-88.9K	278.8M	-1.9M	0.42	9.23	N/A	N/A	57,683	23,984	424,346	189,751
2008-01-07	$30.56	$32.50	52.3%	17.3%	29.1%	49.1%	59.1%	5.3%	-6.9%	779.9K	232.2M	-2.3M	0.92	12.38	N/A	N/A	25,046	23,144	464,502	202,265
2008-01-08	$29.35	$32.50	54.6%	17.7%	30.7%	53.2%	61.8%	2.3%	-8.0%	1.0M	246.1M	-2.2M	2.85	14.46	N/A	N/A	25,610	73,026	475,505	201,604
2008-01-09	$28.98	$32.50	56.1%	18.0%	29.3%	55.8%	62.9%	3.5%	-8.7%	1.1M	207.5M	-2.1M	0.33	11.13	N/A	N/A	33,751	11,282	483,370	185,782
2008-01-10	$28.32	$30.00	64.4%	18.5%	29.2%	70.4%	64.0%	1.6%	-8.9%	1.5M	200.1M	-2.1M	0.45	12.33	N/A	N/A	31,822	14,307	490,491	182,050
2008-01-11	$28.58	$30.00	67.4%	19.3%	29.5%	75.6%	66.7%	0.5%	-11.3%	2.3M	171.7M	-2.2M	0.25	11.64	N/A	N/A	11,531	2,843	505,334	182,012
2008-01-14	$30.48	$30.00	68.7%	19.7%	40.4%	77.9%	67.9%	4.5%	-11.0%	3.5M	94.8M	-2.5M	0.61	12.02	N/A	N/A	29,606	17,989	506,230	181,488
2008-01-15	$29.08	$30.00	68.2%	19.5%	41.9%	77.0%	68.4%	3.8%	-10.6%	2.7M	153.9M	-2.2M	3.03	9.42	N/A	N/A	18,487	56,095	512,686	182,388
2008-01-16	$28.03	$30.00	71.7%	20.6%	42.9%	83.2%	70.7%	2.5%	-11.2%	1.9M	166.2M	-2.1M	0.97	10.22	N/A	N/A	10,209	9,866	511,217	176,885
2008-01-17	$27.43	$30.00	73.7%	21.1%	43.0%	86.8%	72.9%	1.3%	-12.0%	1.7M	176.7M	-2.1M	0.47	8.96	N/A	N/A	15,578	7,352	511,990	176,812
2008-01-18	$27.74	$30.00	72.0%	20.6%	43.7%	83.7%	71.1%	3.4%	-11.8%	1.9M	171.1M	-2.1M	1.30	11.96	N/A	N/A	7,389	9,635	517,430	177,775
2008-01-22	$26.97	$30.00	76.8%	22.0%	42.1%	92.1%	77.0%	3.5%	-13.1%	1.5M	95.9M	-2.0M	0.50	7.87	N/A	N/A	13,767	6,938	266,818	131,303
2008-01-23	$25.45	$30.00	86.9%	24.9%	44.8%	100.0%	87.0%	0.5%	-19.3%	1.3M	113.0M	-1.8M	0.59	12.34	N/A	N/A	31,205	18,501	272,948	132,145
2008-01-24	$26.75	$30.00	86.4%	24.8%	50.6%	99.2%	86.2%	2.5%	-21.3%	2.0M	80.3M	-2.0M	0.32	9.26	N/A	N/A	23,096	7,461	287,939	138,761
2008-01-25	$25.62	$30.00	87.2%	25.0%	51.6%	100.0%	87.3%	0.4%	-20.4%	1.8M	97.2M	-1.9M	0.63	11.52	N/A	N/A	15,249	9,609	292,834	139,925
2008-01-28	$25.89	$27.50	93.0%	26.7%	51.8%	100.0%	89.8%	14.9%	-23.1%	1.9M	102.8M	-1.9M	0.71	10.16	N/A	N/A	57,380	40,687	299,669	145,041
2008-01-29	$25.30	$27.50	58.8%	16.8%	51.9%	50.2%	58.9%	4.3%	-5.6%	1.1M	152.0M	-1.7M	1.08	7.85	N/A	N/A	34,954	37,619	325,530	169,461
2008-01-30	$25.15	$27.50	52.5%	15.1%	52.0%	41.1%	54.4%	4.9%	-0.6%	532.6K	139.8M	-1.6M	0.50	8.48	N/A	N/A	12,091	6,058	327,687	161,585
2008-01-31	$25.45	$27.50	52.7%	15.1%	52.6%	41.4%	50.8%	10.1%	-1.6%	1.0M	125.1M	-1.7M	0.28	5.23	N/A	N/A	15,514	4,268	328,294	154,781