SNDK Options History — April 2008

In April 2008, SNDK traded between $24.62 and $28.52. ATM implied volatility averaged 59.7%, placing in the 51.5% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded below realized volatility by 8.6% (HV 20d: 68.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2008-04-18: Highest Volume — 85,954 contracts
  • 2008-04-04: Largest IV spike — 31.8% change
  • 2008-04-09: Highest IV Rank — 84.1%
  • 2008-04-17: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.48$24.62$28.52$24.77$27.09
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV59.7%44.4%82.1%56.2%44.4%
Expected Move16.2%12.7%19.8%16.1%12.7%
HV 20d68.3%60.5%73.5%65.4%60.5%
HV 60d57.4%55.4%58.7%56.6%56.2%
IV Rank51.5%29.3%84.1%46.5%29.3%
IV Percentile78.3%45.2%98.4%86.1%45.2%
Term Structure-2.1%-8.5%3.9%2.1%0.6%
VWIV57.4%45.5%69.5%57.4%45.5%
Skew 25d4.6%2.2%8.8%3.0%3.5%
Skew 10d9.1%5.3%16.1%7.3%5.3%
Call IV 25d55.7%44.2%66.7%56.7%44.2%
Put IV 25d60.3%47.7%72.8%59.7%47.7%
Bid-Ask Spread %4.293.085.783.124.10
Gamma HHI0.150.100.700.110.14
Net GEX2.5M941.2K19.4M1.5M2.0M
Net DEX-48.0M-100.0M17.7M-6.8M-42.8M
Net VEX-2.1M-2.3M-1.8M-1.8M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.281.490.431.26
Total Volume32,593.9558,56685,95451,05415,249
Total OI501,037.591400,249606,965486,215444,962

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$24.77$25.0056.2%16.1%65.4%46.5%57.4%3.0%2.1%1.5M-6.8M-1.8M0.433.12N/AN/A35,72615,328324,112162,103
2008-04-02$24.62$25.0055.4%15.9%65.4%45.3%57.3%3.8%3.9%1.8M-5.2M-1.8M0.513.08N/AN/A15,1517,712332,341164,915
2008-04-03$26.47$25.0057.9%16.6%69.1%48.9%60.8%5.5%2.8%2.2M-77.7M-2.0M1.253.14N/AN/A27,04133,892331,716165,571
2008-04-04$25.84$25.0076.4%17.9%69.3%75.8%61.4%6.1%-4.9%1.5M-39.1M-2.0M0.564.64N/AN/A26,49214,958337,011186,356
2008-04-07$25.57$25.0080.8%18.2%68.5%82.2%62.3%6.0%-5.4%1.4M-29.3M-2.0M1.265.08N/AN/A7,9469,980343,772189,546
2008-04-08$25.55$25.0080.0%17.9%68.1%81.1%62.3%5.1%-4.8%1.3M-20.8M-2.0M1.044.64N/AN/A5,4725,688344,256191,756
2008-04-09$27.21$25.0082.1%18.0%70.4%84.1%63.3%5.5%-4.6%2.1M-97.2M-2.1M0.783.14N/AN/A22,64817,767345,105194,177
2008-04-10$26.72$25.0061.6%17.7%70.6%54.4%62.8%5.6%-4.8%1.8M-69.4M-2.1M0.445.44N/AN/A10,9904,827350,768203,794
2008-04-11$26.40$25.0063.2%18.1%70.8%56.6%64.1%5.7%-5.4%1.9M-65.8M-2.1M0.734.79N/AN/A12,6319,216354,178201,935
2008-04-14$25.36$25.0067.5%19.3%71.0%62.8%67.3%5.3%-7.3%1.3M-14.2M-2.0M0.424.02N/AN/A26,70511,200352,845203,472
2008-04-15$24.81$25.0068.9%19.8%70.8%65.0%69.2%6.1%-8.1%944.1K17.7M-1.9M1.495.12N/AN/A13,67020,337355,281204,637
2008-04-16$26.70$25.0065.7%18.8%73.5%60.3%69.3%8.8%-7.0%1.8M-68.9M-2.1M1.024.63N/AN/A19,54219,995356,599211,987
2008-04-17$25.90$25.0069.2%19.8%66.7%65.4%69.5%6.5%-8.5%1.2M-29.9M-2.1M1.055.78N/AN/A38,76940,733361,029219,155
2008-04-18$27.40$25.0048.2%13.8%68.0%34.7%50.4%3.6%3.7%19.4M-100.0M-2.1M0.613.50N/AN/A53,38632,568375,689231,276
2008-04-21$28.52$25.0050.2%14.4%66.8%37.7%50.4%4.6%0.0%1.6M-90.6M-2.2M0.773.89N/AN/A22,08317,057229,461172,062
2008-04-22$27.13$25.0049.7%14.2%70.4%36.9%51.0%2.2%0.3%941.2K-43.9M-2.1M0.503.39N/AN/A16,9418,546228,700171,549
2008-04-23$27.89$25.0048.6%13.9%69.1%35.3%48.6%2.7%-0.2%1.7M-74.2M-2.2M0.283.32N/AN/A20,2015,706243,031181,775
2008-04-24$27.78$25.0047.8%13.7%69.3%34.2%47.8%3.6%0.1%2.4M-79.3M-2.3M0.364.63N/AN/A13,2444,813253,038182,731
2008-04-25$26.84$25.0046.3%13.3%70.6%31.9%47.2%2.8%0.6%1.6M-35.1M-2.2M0.874.91N/AN/A8,3787,276252,335183,639
2008-04-28$26.97$25.0047.1%13.5%68.3%33.1%48.2%2.7%-0.2%1.8M-40.3M-2.2M0.525.26N/AN/A5,6502,916254,418186,486
2008-04-29$26.99$25.0046.2%13.2%60.6%31.8%47.2%3.0%0.2%1.9M-42.4M-2.2M0.504.72N/AN/A5,7612,876256,111187,147
2008-04-30$27.09$25.0044.4%12.7%60.5%29.3%45.5%3.5%0.6%2.0M-42.8M-2.1M1.264.10N/AN/A6,7508,499256,847188,115