SNDK Options History — March 2008

In March 2008, SNDK traded between $20.55 and $23.05. ATM implied volatility averaged 53.8%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 8.0% (HV 20d: 45.7%). Max pain ranged from $25.00 to $27.50. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.78.

Notable Days

  • 2008-03-06: Highest Volume — 27,689 contracts
  • 2008-03-24: Largest IV drop — 13.0% change
  • 2008-03-20: Highest IV Rank — 53.6%
  • 2008-03-20: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.90$20.55$23.05$23.05$22.57
Max Pain$25.50$25.00$27.50$25.00$25.00
ATM IV53.8%48.4%61.2%50.8%54.7%
Expected Move15.7%13.9%17.5%14.6%15.7%
HV 20d45.7%38.0%56.7%40.1%56.7%
HV 60d47.2%43.6%53.0%45.3%53.0%
IV Rank42.9%35.0%53.6%38.6%44.3%
IV Percentile82.4%73.0%91.3%79.4%84.5%
Term Structure2.5%-2.6%6.7%4.7%4.8%
VWIV55.6%49.6%61.9%50.7%55.6%
Skew 25d1.8%-2.9%5.1%2.5%4.6%
Skew 10d0.5%-16.5%6.8%-0.7%6.8%
Call IV 25d55.9%50.1%61.9%50.4%54.4%
Put IV 25d57.7%51.7%63.9%52.9%59.0%
Bid-Ask Spread %6.662.4210.657.762.81
Gamma HHI0.130.090.160.130.14
Net GEX286.5K-271.1K1.1M427.8K1.1M
Net DEX116.4M61.0M158.5M126.8M61.0M
Net VEX-1.4M-1.6M-1.3M-1.5M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.241.380.721.29
Total Volume18,520.858,04027,68923,74319,916
Total OI494,208.1461,232529,597473,091482,241

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-03-03$23.05$25.0050.8%14.6%40.1%38.6%50.7%2.5%4.7%427.8K126.8M-1.5M0.727.76N/AN/A13,8319,912314,804158,287
2008-03-04$22.89$25.0050.8%14.6%40.0%38.6%51.5%5.1%6.1%286.9K123.7M-1.6M1.388.24N/AN/A9,58313,233321,352159,521
2008-03-05$22.43$25.0048.4%13.9%40.1%35.1%49.6%1.6%6.7%102.2K132.1M-1.5M0.527.06N/AN/A16,3368,571322,904161,252
2008-03-06$21.99$25.0050.8%14.6%39.0%38.5%56.3%-2.9%4.7%-2.6K141.5M-1.4M0.376.63N/AN/A20,2467,443324,981163,879
2008-03-07$21.41$27.5048.4%15.6%38.3%35.0%55.2%2.6%-0.5%-36.7K157.5M-1.3M1.158.40N/AN/A10,54212,119334,794164,400
2008-03-10$21.14$27.5054.3%16.6%38.0%43.6%57.5%2.1%-0.8%-271.1K158.5M-1.3M1.018.12N/AN/A7,2727,336337,053164,809
2008-03-11$21.79$27.5048.8%15.3%40.8%35.6%54.6%1.1%0.1%-179.2K144.5M-1.4M0.946.51N/AN/A6,0155,668335,665165,973
2008-03-12$22.52$27.5049.6%15.7%43.3%36.8%56.3%-0.2%0.2%315.0K115.3M-1.5M0.245.31N/AN/A17,2544,071337,372164,055
2008-03-13$23.00$25.0055.8%16.0%40.2%45.8%56.1%-0.3%-0.4%838.7K87.2M-1.6M1.199.97N/AN/A5,3906,432342,671161,296
2008-03-14$22.15$25.0057.6%16.5%40.1%48.4%58.9%-0.6%-0.0%353.7K107.7M-1.5M0.886.85N/AN/A11,96910,536343,102164,604
2008-03-17$21.60$25.0060.7%17.4%40.0%52.9%61.9%1.1%-2.6%44.0K125.9M-1.5M0.426.64N/AN/A8,6233,626350,722170,692
2008-03-18$22.59$25.0055.8%16.0%44.1%45.9%56.7%3.5%0.6%612.3K106.1M-1.5M0.635.51N/AN/A14,2469,028349,485169,704
2008-03-19$20.76$25.0060.1%17.2%51.7%52.2%60.5%1.2%-0.1%-160.8K137.2M-1.4M1.1610.65N/AN/A9,41610,956357,187169,686
2008-03-20$20.55$25.0061.2%17.5%50.9%53.6%60.7%2.1%0.8%-214.9K134.3M-1.4M1.068.86N/AN/A9,43610,001359,066170,531
2008-03-24$21.77$25.0053.2%15.3%56.6%42.1%54.6%3.0%5.2%306.5K97.7M-1.4M0.434.96N/AN/A16,1876,909307,430153,802
2008-03-25$21.76$25.0051.5%14.8%55.2%39.5%52.6%2.6%6.2%417.4K93.4M-1.5M0.405.56N/AN/A11,1644,428312,702156,639
2008-03-26$21.17$25.0056.5%16.2%53.1%46.8%54.2%3.8%3.4%516.3K98.0M-1.4M0.355.27N/AN/A11,5254,067318,907155,644
2008-03-27$21.62$25.0053.3%15.3%53.6%42.2%54.6%1.4%5.4%686.8K84.5M-1.5M0.395.61N/AN/A6,5392,551321,546155,661
2008-03-28$21.26$25.0053.0%15.2%52.6%41.8%54.0%2.0%5.9%609.7K95.4M-1.4M1.002.42N/AN/A4,0224,018323,107156,636
2008-03-31$22.57$25.0054.7%15.7%56.7%44.3%55.6%4.6%4.8%1.1M61.0M-1.6M1.292.81N/AN/A8,71211,204324,969157,272