SNDK Options History — February 2009

In February 2009, SNDK traded between $8.66 and $11.28. ATM implied volatility averaged 89.4%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded below realized volatility by 34.4% (HV 20d: 123.7%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2009-02-03: Highest Volume — 92,056 contracts
  • 2009-02-03: Largest IV drop — 27.9% change
  • 2009-02-02: Highest IV Rank — 53.7%
  • 2009-02-02: Largest Expected Move — 34.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.00$8.66$11.28$11.28$8.91
Max Pain$10.26$10.00$12.00$12.00$10.00
ATM IV89.4%80.5%118.5%118.5%98.2%
Expected Move25.7%22.9%34.0%34.0%28.1%
HV 20d123.7%86.6%132.6%86.6%123.7%
HV 60d123.8%113.5%131.5%117.9%113.5%
IV Rank33.6%27.4%53.7%53.7%39.7%
IV Percentile62.4%57.9%79.0%79.0%65.5%
Term Structure2.7%-14.1%7.6%-14.1%0.7%
VWIV89.9%80.6%120.6%120.6%97.5%
Skew 25d15.6%9.2%34.3%34.3%10.4%
Skew 10d32.1%15.7%67.1%67.1%23.7%
Call IV 25d82.6%72.3%97.5%97.2%95.1%
Put IV 25d98.3%88.3%131.5%131.5%105.6%
Bid-Ask Spread %4.603.426.384.806.38
Gamma HHI0.120.070.210.070.10
Net GEX443.7K-84.8K776.7K258.3K298.1K
Net DEX-3.1M-31.0M39.2M-8.6M8.3M
Net VEX-560.3K-648.5K-446.1K-614.8K-490.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.151.590.620.78
Total Volume18,241.9473,64792,05636,38611,729
Total OI342,290292,548373,286295,146310,154

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$11.28$12.00118.5%34.0%86.6%53.7%120.6%34.3%-14.1%258.3K-8.6M-614.8K0.624.80N/AN/A22,48213,904166,953128,193
2009-02-03$8.66$12.0085.5%24.5%122.2%30.9%86.9%19.1%6.0%-84.8K39.2M-446.1K0.803.42N/AN/A51,10540,951183,446135,335
2009-02-04$9.29$11.0083.0%23.8%122.7%29.2%83.0%13.1%6.6%16.8K24.4M-518.8K0.824.19N/AN/A15,37512,594196,872150,428
2009-02-05$10.01$10.0081.1%23.3%126.6%27.9%89.5%9.7%0.4%297.9K5.5M-562.9K0.755.30N/AN/A10,9868,280201,513151,844
2009-02-06$11.05$10.0080.5%22.9%132.5%27.4%82.3%16.0%0.6%525.5K-23.2M-640.6K0.804.89N/AN/A11,5159,174206,588152,729
2009-02-09$11.12$10.0083.9%23.7%132.6%29.8%80.6%16.4%0.3%634.0K-31.0M-648.5K0.413.61N/AN/A10,6214,376211,030153,568
2009-02-10$10.82$10.0081.2%24.4%131.8%27.9%88.9%16.8%3.4%660.5K-26.3M-629.2K0.464.28N/AN/A13,1586,080212,842155,159
2009-02-11$10.45$10.0085.9%25.6%132.2%31.2%86.1%16.8%2.3%629.0K-16.2M-611.2K0.313.69N/AN/A9,4452,958214,939155,802
2009-02-12$10.80$10.0084.5%24.2%130.9%30.2%89.3%16.4%4.8%776.7K-28.9M-636.3K1.595.03N/AN/A2,6884,278217,402155,736
2009-02-13$10.72$10.0082.5%23.7%129.8%28.8%82.4%16.2%6.4%722.8K-24.5M-627.2K1.434.62N/AN/A1,4982,149214,625157,116
2009-02-17$10.08$10.0090.4%25.9%129.1%34.3%89.3%16.4%4.1%701.0K-5.2M-567.5K0.433.81N/AN/A11,8165,109214,679157,634
2009-02-18$10.05$10.0089.6%25.7%123.1%33.7%86.9%15.7%5.5%752.1K-5.4M-571.8K0.284.03N/AN/A5,9451,644216,878156,408
2009-02-19$9.52$10.0087.6%25.1%120.0%32.4%88.8%14.6%6.2%622.4K8.7M-532.8K1.175.30N/AN/A2,6663,126216,585156,275
2009-02-20$9.36$10.0094.8%27.2%120.0%37.4%91.8%13.9%1.6%442.0K14.8M-517.2K0.435.49N/AN/A7,6773,294214,827156,315
2009-02-23$8.88$10.0095.4%27.3%120.2%37.7%92.8%15.2%4.2%212.9K9.6M-478.4K0.364.06N/AN/A3,2661,188170,096122,452
2009-02-24$9.41$10.0091.9%26.3%122.8%35.3%88.6%13.2%4.1%287.5K4.3M-502.9K0.414.70N/AN/A2,6671,103171,492122,770
2009-02-25$9.76$10.0084.4%24.2%123.6%30.1%84.4%13.9%7.6%346.6K-773.8K-519.5K1.445.18N/AN/A2,7393,953172,529123,029
2009-02-26$9.75$10.0098.9%28.4%120.9%40.2%98.4%9.2%1.5%330.2K-3.2M-528.6K0.154.68N/AN/A21,7643,294173,516125,751
2009-02-27$8.91$10.0098.2%28.1%123.7%39.7%97.5%10.4%0.7%298.1K8.3M-490.8K0.786.38N/AN/A6,6025,127182,690127,464