SNDK Options History — May 2008

In May 2008, SNDK traded between $27.86 and $33.10. ATM implied volatility averaged 44.8%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 7.6% (HV 20d: 52.3%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2008-05-20: Highest Volume — 47,291 contracts
  • 2008-05-15: Largest IV drop — 12.1% change
  • 2008-05-21: Highest IV Rank — 35.3%
  • 2008-05-21: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.50$27.86$33.10$29.03$28.31
Max Pain$28.45$25.00$30.00$25.00$30.00
ATM IV44.8%40.9%49.3%42.7%43.1%
Expected Move12.9%11.7%14.1%12.2%12.4%
HV 20d52.3%43.7%60.0%60.0%43.7%
HV 60d57.9%56.1%60.2%58.0%57.9%
IV Rank29.4%24.1%35.3%26.7%26.3%
IV Percentile45.9%32.5%63.9%39.3%36.1%
Term Structure3.5%1.1%7.8%1.1%7.8%
VWIV45.6%42.0%49.7%44.4%43.5%
Skew 25d2.7%0.9%3.8%2.5%1.5%
Skew 10d7.1%3.0%9.3%8.0%3.0%
Call IV 25d44.8%41.6%49.9%43.1%43.6%
Put IV 25d47.4%43.6%51.1%45.6%45.1%
Bid-Ask Spread %4.392.675.894.683.17
Gamma HHI0.190.090.610.160.15
Net GEX3.9M1.2M16.1M3.7M2.2M
Net DEX-124.1M-341.1M-14.0M-131.3M-38.1M
Net VEX-2.3M-2.5M-1.3M-2.3M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.171.410.450.77
Total Volume25,388.3816,55847,29130,79210,205
Total OI457,912.429301,933490,259448,972476,244

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$29.03$25.0042.7%12.2%60.0%26.7%44.4%2.5%1.1%3.7M-131.3M-2.3M0.454.68N/AN/A21,1949,598258,001190,971
2008-05-02$29.19$25.0040.9%11.7%59.1%24.1%42.0%0.9%2.1%3.8M-136.5M-2.3M0.465.89N/AN/A10,4114,737260,853191,847
2008-05-05$29.78$27.5044.9%13.0%58.9%30.0%46.2%3.8%2.5%4.3M-167.5M-2.3M1.255.07N/AN/A12,91216,107262,286191,394
2008-05-06$29.74$27.5044.3%12.7%58.9%29.0%44.8%3.8%2.9%4.3M-163.4M-2.3M0.353.59N/AN/A12,2634,316264,006194,934
2008-05-07$29.28$27.5043.7%12.9%55.7%28.2%45.5%3.5%3.1%3.9M-137.3M-2.3M1.334.51N/AN/A11,47515,227264,851196,610
2008-05-08$29.20$27.5041.3%12.6%55.1%24.6%45.2%3.1%3.5%4.2M-136.0M-2.3M1.324.27N/AN/A4,1715,488266,881194,462
2008-05-09$29.18$27.5042.4%12.8%54.8%26.2%46.1%3.1%3.3%4.1M-133.2M-2.3M0.404.92N/AN/A7,1452,892267,242197,439
2008-05-12$29.27$27.5044.6%12.5%52.2%29.5%44.4%2.4%4.2%4.2M-117.6M-1.3M0.224.16N/AN/A5,3841,174159,611142,322
2008-05-13$30.59$27.5044.4%12.7%52.5%29.3%45.4%3.4%3.8%5.6M-213.8M-2.3M0.364.41N/AN/A30,63911,074270,542196,720
2008-05-14$31.42$27.5047.6%12.3%47.5%33.8%45.0%3.1%3.0%5.6M-265.6M-2.4M0.464.06N/AN/A25,26111,600276,180200,092
2008-05-15$33.10$27.5041.8%12.0%47.6%25.4%43.2%2.8%4.2%5.6M-341.1M-2.5M0.984.61N/AN/A21,52321,132276,503203,089
2008-05-16$32.44$30.0042.5%12.2%46.0%26.4%44.2%3.5%3.9%16.1M-290.8M-2.5M0.814.31N/AN/A25,99021,121277,463212,796
2008-05-19$30.02$30.0045.8%13.1%53.6%31.3%46.0%2.2%3.4%1.3M-86.0M-2.4M0.784.73N/AN/A22,84017,928243,669193,611
2008-05-20$29.01$30.0046.8%13.4%51.8%32.7%47.0%2.7%2.3%1.2M-47.0M-2.4M0.675.15N/AN/A28,30718,984251,785196,836
2008-05-21$28.98$30.0049.3%14.1%51.0%35.3%49.7%0.9%1.4%1.6M-58.9M-2.4M0.345.10N/AN/A16,4145,615258,871199,524
2008-05-22$28.75$30.0048.7%14.0%51.1%34.4%49.1%2.5%2.9%2.1M-55.3M-2.4M0.944.39N/AN/A4,2724,021268,486200,843
2008-05-23$28.26$30.0049.0%14.0%49.8%34.9%49.2%2.1%2.9%1.7M-29.3M-2.4M0.245.06N/AN/A22,4975,470268,629201,568
2008-05-27$28.03$30.0046.0%13.2%49.9%30.4%45.3%3.7%3.6%2.2M-16.3M-2.3M0.174.18N/AN/A24,3954,250276,582202,164
2008-05-28$28.10$30.0045.9%13.2%49.9%30.3%45.6%2.6%6.2%2.4M-26.6M-2.3M1.412.67N/AN/A9,37613,189280,972202,820
2008-05-29$27.86$30.0045.0%12.9%50.1%29.0%45.6%1.8%6.5%2.0M-14.0M-2.2M0.333.28N/AN/A9,4383,121276,172200,290
2008-05-30$28.31$30.0043.1%12.4%43.7%26.3%43.5%1.5%7.8%2.2M-38.1M-2.3M0.773.17N/AN/A5,7814,424275,632200,612