SNDK Options History — March 2009

In March 2009, SNDK traded between $7.65 and $13.37. ATM implied volatility averaged 117.8%, placing in the 53.3% IV rank vs the trailing year. The 30-day expected move averaged 34.0%. IV traded above realized volatility by 12.1% (HV 20d: 105.7%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2009-03-13: Highest Volume — 118,579 contracts
  • 2009-03-13: Largest IV spike — 21.0% change
  • 2009-03-20: Highest IV Rank — 63.0%
  • 2009-03-20: Largest Expected Move — 37.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.27$7.65$13.37$8.01$12.65
Max Pain$9.73$9.00$10.00$10.00$10.00
ATM IV117.8%97.4%131.9%105.9%129.4%
Expected Move34.0%29.9%37.8%30.4%37.1%
HV 20d105.7%66.1%127.0%126.7%108.9%
HV 60d108.3%99.8%115.7%115.7%110.0%
IV Rank53.3%39.1%63.0%45.0%61.3%
IV Percentile78.3%61.9%86.9%71.4%85.3%
Term Structure-11.3%-21.6%3.6%1.4%-18.1%
VWIV119.4%104.1%132.7%106.4%129.7%
Skew 25d5.5%-1.3%12.6%6.0%4.1%
Skew 10d11.4%-1.2%26.1%16.9%6.3%
Call IV 25d117.4%100.9%134.3%106.1%128.5%
Put IV 25d122.8%108.7%135.8%112.1%132.6%
Bid-Ask Spread %5.362.4410.233.574.89
Gamma HHI0.110.090.220.090.11
Net GEX827.6K160.1K1.4M160.1K1.3M
Net DEX-35.5M-101.0M20.6M20.6M-87.4M
Net VEX-598.3K-771.9K-418.4K-432.9K-770.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.141.120.500.56
Total Volume21,4522,391118,57917,03911,814
Total OI367,296.409317,919409,712317,919401,053

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$8.01$10.00105.9%30.4%126.7%45.0%106.4%6.0%1.4%160.1K20.6M-432.9K0.503.57N/AN/A11,3225,717187,708130,211
2009-03-03$8.05$9.00104.2%29.9%127.0%43.8%104.1%4.9%3.6%220.3K17.9M-442.3K0.326.31N/AN/A8,1442,615194,161131,087
2009-03-04$8.12$9.00107.7%30.9%87.1%46.3%107.7%4.7%1.8%271.8K15.1M-449.1K0.382.44N/AN/A6,7442,545200,246131,004
2009-03-05$8.16$9.00106.4%30.5%82.8%45.4%108.2%3.5%3.2%315.4K13.1M-452.2K1.125.36N/AN/A1,1281,263204,206132,424
2009-03-06$7.79$10.00105.9%30.9%78.1%45.0%112.7%10.6%-8.8%248.0K19.0M-423.6K0.354.91N/AN/A14,8595,163204,562133,147
2009-03-09$7.65$10.00115.7%33.2%66.1%51.8%114.3%9.6%-13.9%258.4K18.8M-418.4K0.183.91N/AN/A9,6661,737209,359135,889
2009-03-10$9.12$10.00106.2%32.3%95.4%45.2%113.4%9.4%-13.2%560.6K-7.1M-517.7K0.473.83N/AN/A12,6786,005214,136136,311
2009-03-11$9.58$9.0097.4%31.3%97.4%39.1%110.2%11.6%-11.9%694.8K-19.3M-547.4K0.553.60N/AN/A10,1965,651217,094137,652
2009-03-12$9.95$9.00107.8%30.9%97.9%46.3%106.5%12.6%-11.1%789.5K-27.8M-563.3K0.294.86N/AN/A7,8622,274218,029138,086
2009-03-13$11.05$9.00130.4%37.4%104.5%62.0%131.7%10.3%-21.6%844.8K-62.3M-636.9K0.1410.23N/AN/A103,80114,778219,758139,224
2009-03-16$9.83$10.00121.1%34.7%112.6%55.5%120.8%7.0%-15.6%1.0M-29.9M-592.3K0.585.50N/AN/A17,73810,261249,118146,621
2009-03-17$10.26$10.00121.3%34.8%111.7%55.7%121.9%7.5%-13.9%1.3M-40.7M-622.4K0.766.92N/AN/A5,4484,153254,973151,768
2009-03-18$10.93$10.00124.5%35.7%113.8%57.9%125.2%5.8%-17.4%1.4M-62.8M-664.6K0.168.02N/AN/A20,9583,296253,523153,606
2009-03-19$10.61$10.00128.4%36.8%112.5%60.6%128.5%4.9%-19.9%1.3M-52.9M-641.1K0.335.70N/AN/A9,6213,134252,321154,060
2009-03-20$10.15$10.00131.9%37.8%113.6%63.0%132.7%-1.3%-19.4%1.3M-41.4M-619.0K0.266.99N/AN/A8,4582,236254,157155,555
2009-03-23$11.25$10.00126.0%36.1%116.7%59.0%126.4%1.6%-11.8%789.7K-45.0M-654.3K0.404.77N/AN/A9,1733,657212,205141,210
2009-03-24$11.72$10.00126.0%36.1%115.9%58.9%127.9%0.5%-11.1%889.7K-61.6M-689.5K0.356.88N/AN/A20,0007,013214,946143,625
2009-03-25$12.36$10.00123.5%35.4%116.6%57.2%124.4%-0.4%-11.2%1.0M-79.1M-742.2K0.274.89N/AN/A31,3378,501224,934146,355
2009-03-26$13.37$10.00121.6%34.9%118.8%55.9%122.0%2.2%-12.9%1.2M-101.0M-771.9K0.574.30N/AN/A15,0138,527225,503151,605
2009-03-27$13.08$10.00123.1%35.3%113.1%56.9%123.7%3.0%-14.0%1.2M-96.7M-768.5K0.355.12N/AN/A20,3747,227231,623153,159
2009-03-30$12.14$10.00127.4%36.5%108.9%59.9%128.4%1.9%-13.7%1.1M-69.7M-742.0K0.595.03N/AN/A6,2103,647236,700157,607
2009-03-31$12.65$10.00129.4%37.1%108.9%61.3%129.7%4.1%-18.1%1.3M-87.4M-770.4K0.564.89N/AN/A7,5724,242242,917158,136