SNDK Options History — May 2010

In May 2010, SNDK traded between $37.61 and $46.85. ATM implied volatility averaged 60.2%, placing in the 61.5% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded below realized volatility by 15.1% (HV 20d: 75.3%). Max pain ranged from $39.00 to $42.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2010-05-07: Highest Volume — 66,301 contracts
  • 2010-05-06: Largest IV spike — 23.2% change
  • 2010-05-20: Highest IV Rank — 100.0%
  • 2010-05-20: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.24$37.61$46.85$43.52$46.62
Max Pain$40.55$39.00$42.00$39.00$42.00
ATM IV60.2%47.3%72.7%47.3%56.3%
Expected Move17.3%13.6%20.8%13.6%16.1%
HV 20d75.3%65.5%83.4%65.5%71.6%
HV 60d55.4%50.0%58.1%50.0%55.4%
IV Rank61.5%26.0%100.0%26.0%61.2%
IV Percentile76.1%32.5%100.0%32.5%71.0%
Term Structure0.2%-5.0%2.1%1.0%2.0%
VWIV61.2%48.2%75.0%48.2%58.5%
Skew 25d9.6%1.0%16.7%2.4%11.7%
Skew 10d19.1%2.4%33.3%4.9%21.6%
Call IV 25d56.4%47.1%66.5%47.1%51.8%
Put IV 25d66.0%49.5%81.8%49.5%63.5%
Bid-Ask Spread %4.372.897.682.894.94
Gamma HHI0.090.070.130.120.07
Net GEX4.6M1.0M6.8M3.9M5.0M
Net DEX-362.5M-512.6M-134.7M-416.8M-486.5M
Net VEX-2.0M-2.1M-1.7M-1.7M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.361.220.360.91
Total Volume36,666.620,31866,30143,63129,076
Total OI362,106.65302,943406,635324,182348,098

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-05-03$43.52$39.0047.3%13.6%65.5%26.0%48.2%2.4%1.0%3.9M-416.8M-1.7M0.362.89N/AN/A32,02011,611164,500159,682
2010-05-04$41.69$39.0053.1%15.2%68.0%34.9%53.6%2.2%-0.5%3.0M-330.4M-1.8M0.913.83N/AN/A14,34113,106169,053162,883
2010-05-05$41.82$39.0053.9%15.5%67.9%36.1%54.2%1.0%1.3%3.1M-336.7M-1.9M0.694.02N/AN/A22,15815,215172,966166,401
2010-05-06$39.76$39.0066.5%19.1%71.0%55.3%66.9%1.8%-5.0%2.2M-244.8M-2.0M0.757.68N/AN/A28,62421,569183,459169,912
2010-05-07$37.61$41.0068.9%19.0%74.1%59.1%65.6%6.7%-1.1%1.0M-134.7M-2.0M0.604.29N/AN/A41,33124,970187,307173,534
2010-05-10$41.54$40.0059.5%16.7%81.8%44.6%59.8%9.0%0.8%4.5M-366.0M-2.0M0.724.32N/AN/A24,93617,949199,503174,011
2010-05-11$42.25$41.0056.5%16.3%81.7%40.0%58.0%9.3%2.1%5.4M-402.8M-2.0M0.804.12N/AN/A14,73711,735198,769176,588
2010-05-12$44.27$41.0048.6%15.6%81.7%29.8%54.8%8.9%1.6%6.5M-512.6M-1.9M0.484.85N/AN/A22,48810,794199,747181,122
2010-05-13$42.82$41.0056.8%16.3%82.7%52.5%57.2%7.7%0.7%6.3M-431.8M-2.0M0.473.56N/AN/A23,07710,920206,914182,715
2010-05-14$41.90$41.0060.5%17.3%82.6%65.1%61.9%9.0%0.6%5.7M-379.2M-2.1M0.704.40N/AN/A18,78113,203210,823184,698
2010-05-17$42.68$41.0062.0%17.8%81.8%73.9%63.5%9.5%-1.0%6.8M-433.1M-2.0M0.793.13N/AN/A11,9979,466210,823184,698
2010-05-18$41.45$41.0065.2%18.7%82.7%87.0%64.9%9.6%-1.2%6.2M-361.7M-2.0M0.534.33N/AN/A14,6547,741214,720184,953
2010-05-19$40.42$41.0065.8%18.9%83.4%88.7%64.1%12.6%0.6%5.0M-291.6M-2.0M0.564.26N/AN/A22,18312,484214,655184,146
2010-05-20$39.66$41.0072.7%20.8%72.2%100.0%75.0%15.3%-1.8%4.6M-255.1M-2.0M1.226.35N/AN/A16,15419,744219,229181,377
2010-05-21$41.48$41.0068.7%19.7%71.2%90.4%70.0%16.7%0.3%6.0M-386.3M-2.0M0.765.17N/AN/A29,90122,638218,796187,839
2010-05-24$41.81$40.0066.2%19.0%70.9%84.7%66.0%14.7%-0.2%3.3M-287.5M-2.0M1.123.77N/AN/A9,60610,712161,719141,224
2010-05-25$43.18$41.0062.5%17.9%70.4%75.7%63.9%16.3%1.0%3.5M-331.0M-2.0M0.744.07N/AN/A17,52413,024164,119146,501
2010-05-26$43.56$41.0060.1%17.2%70.4%70.2%59.3%15.3%1.2%4.3M-359.0M-2.0M0.523.90N/AN/A32,57216,848171,355148,572
2010-05-27$46.85$41.0053.9%15.4%74.8%55.4%58.0%13.1%2.1%5.7M-502.7M-1.9M0.783.49N/AN/A24,42619,017180,146154,576
2010-05-28$46.62$42.0056.3%16.1%71.6%61.2%58.5%11.7%2.0%5.0M-486.5M-2.0M0.914.94N/AN/A15,26013,816183,998164,100