SNDK Options History — August 2008

In August 2008, SNDK traded between $14.36 and $17.82. ATM implied volatility averaged 57.0%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 39.6% (HV 20d: 96.7%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.44.

Notable Days

  • 2008-08-07: Highest Volume — 67,828 contracts
  • 2008-08-11: Largest IV spike — 15.4% change
  • 2008-08-19: Highest IV Rank — 48.0%
  • 2008-08-19: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.58$14.36$17.82$14.36$14.46
Max Pain$15.52$15.00$16.00$15.00$16.00
ATM IV57.0%50.9%62.6%57.9%55.5%
Expected Move16.1%14.7%18.0%16.6%15.9%
HV 20d96.7%68.5%125.6%112.6%70.9%
HV 60d80.8%77.7%83.5%77.7%83.0%
IV Rank38.4%27.9%48.0%39.9%35.8%
IV Percentile69.8%54.4%83.3%73.8%63.5%
Term Structure6.3%-1.7%8.8%-1.7%7.7%
VWIV57.0%51.6%63.1%59.3%55.6%
Skew 25d1.9%-0.7%4.6%-0.3%3.0%
Skew 10d3.7%-2.7%11.9%-0.0%5.7%
Call IV 25d56.8%49.7%63.6%61.5%55.4%
Put IV 25d58.7%54.1%64.0%61.2%58.4%
Bid-Ask Spread %3.151.995.922.012.49
Gamma HHI0.150.110.340.150.13
Net GEX1.6M876.2K4.5M1.1M886.7K
Net DEX13.9M-84.0M56.4M56.2M56.4M
Net VEX-1.2M-1.4M-1.0M-1.0M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.170.710.430.32
Total Volume21,628.0484,93067,8288,3387,310
Total OI608,236.81555,613655,609613,552601,989

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$14.36$15.0057.9%16.6%112.6%39.9%59.3%-0.3%-1.7%1.1M56.2M-1.0M0.432.01N/AN/A5,8342,504442,700170,852
2008-08-04$14.43$15.0060.4%16.2%112.0%44.1%56.4%4.2%7.6%1.3M54.2M-1.0M0.514.31N/AN/A5,8512,983445,290171,376
2008-08-05$14.79$15.0056.3%15.4%112.4%37.2%55.0%4.2%8.8%1.5M45.3M-1.1M0.394.27N/AN/A8,0393,141445,160171,653
2008-08-06$15.24$15.0050.9%14.7%112.9%27.9%51.6%4.4%8.5%1.7M30.7M-1.1M0.503.42N/AN/A11,6365,873448,077171,144
2008-08-07$16.17$15.0056.4%15.2%115.2%37.2%54.7%3.9%5.4%2.1M-5.3M-1.2M0.563.19N/AN/A43,36724,461451,066173,203
2008-08-08$16.67$15.0052.4%15.0%115.4%30.4%52.9%4.6%5.5%2.3M-21.5M-1.3M0.583.92N/AN/A12,7857,455454,365178,300
2008-08-11$17.13$15.0060.4%15.3%115.8%44.2%54.2%3.4%3.2%2.4M-38.5M-1.3M0.414.63N/AN/A24,81910,230451,226175,441
2008-08-12$17.29$15.0056.7%15.4%115.8%37.9%54.7%4.3%3.7%2.4M-44.8M-1.3M0.645.92N/AN/A9,1735,831451,252178,705
2008-08-13$16.27$15.0053.6%15.6%116.7%32.5%54.6%3.6%5.5%1.8M1.4M-1.2M0.674.31N/AN/A15,75010,628451,574179,389
2008-08-14$17.82$15.0060.5%17.3%120.4%44.3%61.4%0.1%4.8%2.7M-80.3M-1.4M0.294.02N/AN/A49,73814,618453,447180,518
2008-08-15$17.64$16.0058.3%16.7%119.9%40.6%59.5%0.3%6.7%4.5M-84.0M-1.4M0.292.24N/AN/A25,8207,617470,663184,946
2008-08-18$15.84$16.0061.1%17.5%125.6%45.4%62.3%-0.3%6.7%1.4M9.3M-1.2M0.652.60N/AN/A25,98616,944395,184160,429
2008-08-19$15.19$16.0062.6%18.0%77.4%48.0%63.1%0.4%6.9%1.2M22.9M-1.2M0.711.99N/AN/A10,7667,616406,749166,205
2008-08-20$14.84$16.0058.9%16.9%74.4%41.5%60.1%-0.4%8.1%1.0M35.5M-1.2M0.302.35N/AN/A17,4925,173410,882166,877
2008-08-21$14.73$16.0058.4%16.8%69.0%40.8%59.7%-0.7%7.7%986.3K42.9M-1.1M0.632.25N/AN/A5,1113,239416,460170,776
2008-08-22$15.02$16.0056.1%16.1%69.2%36.7%56.7%0.2%7.7%1.1M36.3M-1.1M0.172.02N/AN/A7,3771,222417,828171,218
2008-08-25$14.82$16.0057.7%16.5%68.7%39.5%59.0%-0.3%6.3%1.1M39.4M-1.1M0.282.27N/AN/A9,6952,720421,623171,126
2008-08-26$14.40$16.0056.5%16.2%68.5%37.4%56.8%0.2%7.6%876.2K55.5M-1.0M0.302.60N/AN/A8,3192,475424,500171,674
2008-08-27$14.83$16.0054.4%15.6%68.9%33.9%55.6%1.8%7.5%1.1M44.6M-1.1M0.412.72N/AN/A6,8532,808426,114172,020
2008-08-28$15.17$16.0053.0%15.2%68.8%31.4%53.3%2.5%8.0%1.2M36.8M-1.1M0.252.51N/AN/A3,934996427,706173,266
2008-08-29$14.46$16.0055.5%15.9%70.9%35.8%55.6%3.0%7.7%886.7K56.4M-1.0M0.322.49N/AN/A5,5561,754428,466173,523