SNDK Options History — September 2008

In September 2008, SNDK traded between $13.46 and $22.52. ATM implied volatility averaged 94.1%, placing in the 81.1% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded below realized volatility by 42.4% (HV 20d: 136.5%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2008-09-05: Highest Volume — 197,949 contracts
  • 2008-09-05: Largest IV spike — 38.4% change
  • 2008-09-17: Highest IV Rank — 100.0%
  • 2008-09-29: Largest Expected Move — 42.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.19$13.46$22.52$14.36$19.55
Max Pain$17.14$15.00$17.50$15.00$17.50
ATM IV94.1%59.2%146.5%59.9%123.1%
Expected Move26.8%17.0%42.0%17.2%35.3%
HV 20d136.5%70.5%174.2%70.9%174.2%
HV 60d109.7%82.6%125.5%82.8%125.3%
IV Rank81.1%40.5%100.0%43.2%78.8%
IV Percentile94.8%74.6%100.0%76.6%99.6%
Term Structure-15.4%-44.8%6.0%5.4%-15.7%
VWIV93.7%60.1%145.9%60.8%126.2%
Skew 25d6.5%-0.9%16.4%1.4%7.1%
Skew 10d13.9%-2.8%37.3%3.1%20.7%
Call IV 25d90.7%61.0%135.7%61.0%123.1%
Put IV 25d97.2%61.5%145.8%62.5%130.2%
Bid-Ask Spread %15.631.9253.151.9219.53
Gamma HHI0.150.120.280.130.12
Net GEX3.2M578.3K8.4M877.4K3.3M
Net DEX-134.5M-488.0M78.8M58.0M-164.5M
Net VEX-1.5M-1.9M-896.2K-1.0M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.230.810.380.41
Total Volume39,145.818,790197,94912,23011,569
Total OI674,478.095602,989762,938602,989665,429

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$14.36$15.0059.9%17.2%70.9%43.2%60.8%1.4%5.4%877.4K58.0M-1.0M0.381.92N/AN/A8,8333,397429,779173,210
2008-09-03$14.13$15.0059.2%17.0%70.5%40.5%60.1%-0.6%6.0%841.1K62.9M-949.5K0.302.30N/AN/A6,7732,017433,011172,781
2008-09-04$13.46$15.0061.2%17.5%71.2%44.0%62.7%-0.9%5.2%578.3K78.8M-896.2K0.662.36N/AN/A12,3908,193435,381173,800
2008-09-05$17.64$17.5084.7%22.0%119.8%85.4%78.5%3.4%-15.9%2.8M-76.8M-1.3M0.534.82N/AN/A129,17468,775438,726175,543
2008-09-08$16.60$17.5080.1%21.3%121.6%77.4%76.2%-0.3%-14.3%2.6M-32.9M-1.3M0.782.88N/AN/A34,19326,748476,468203,352
2008-09-09$15.40$17.5075.2%21.7%123.9%68.7%78.1%1.8%-9.0%1.8M21.7M-1.2M0.464.65N/AN/A29,44613,423484,346204,885
2008-09-10$15.68$17.5072.3%21.5%124.1%63.6%76.9%0.2%-9.4%2.2M2.9M-1.2M0.814.25N/AN/A8,0656,546490,487203,107
2008-09-11$16.39$17.5078.8%22.6%123.4%75.0%79.3%1.3%-9.0%2.9M-37.5M-1.3M0.274.74N/AN/A26,5487,247492,075204,265
2008-09-12$15.69$17.5079.0%22.7%119.5%75.4%80.2%1.9%-8.8%2.4M-5.3M-1.3M0.314.93N/AN/A14,4344,406506,349206,518
2008-09-15$14.41$17.5087.8%25.2%122.7%90.9%89.0%2.2%-12.9%1.4M50.5M-1.1M0.335.06N/AN/A9,0492,950510,204207,734
2008-09-16$15.04$17.5091.6%26.3%118.4%97.6%92.7%4.2%-13.3%2.0M21.1M-1.2M0.256.81N/AN/A14,2733,518510,977207,010
2008-09-17$20.92$17.50104.3%29.9%166.0%100.0%100.8%12.9%-36.3%5.6M-352.0M-1.7M0.2923.05N/AN/A113,56232,497514,425206,386
2008-09-18$22.49$17.50112.5%32.2%166.5%100.0%110.9%14.1%-44.8%6.0M-488.0M-1.9M0.3352.19N/AN/A42,20913,817545,246217,692
2008-09-19$22.52$17.50106.5%30.5%166.3%92.1%105.0%14.0%-35.5%8.4M-444.8M-1.9M0.3244.38N/AN/A20,8596,597526,715224,289
2008-09-22$22.25$17.50102.8%29.5%166.7%87.3%102.5%16.0%-6.6%4.4M-298.6M-1.8M0.5153.15N/AN/A21,24410,755456,323181,499
2008-09-23$21.72$17.50115.3%33.1%167.1%100.0%110.8%16.4%-18.4%3.9M-265.1M-1.9M0.327.47N/AN/A15,8985,101459,563190,395
2008-09-24$21.83$17.50106.8%30.6%166.2%89.2%106.8%13.2%-14.3%4.2M-275.4M-1.9M0.329.46N/AN/A12,3653,955465,376187,201
2008-09-25$21.62$17.50111.4%31.9%166.5%95.0%109.1%8.9%-23.2%4.1M-259.8M-1.8M0.249.50N/AN/A32,4807,920466,666188,949
2008-09-26$21.56$17.50117.4%33.7%166.7%100.0%114.2%8.5%-27.2%4.1M-261.1M-1.8M0.2316.39N/AN/A13,1592,990469,802192,206
2008-09-29$18.81$17.50146.5%42.0%174.1%100.0%145.9%10.1%-26.0%3.0M-159.5M-1.7M0.3748.35N/AN/A10,7573,930474,880190,990
2008-09-30$19.55$17.50123.1%35.3%174.2%78.8%126.2%7.1%-15.7%3.3M-164.5M-1.7M0.4119.53N/AN/A8,2163,353473,098192,331