SNDK Options History — November 2010

In November 2010, SNDK traded between $37.36 and $45.22. ATM implied volatility averaged 41.2%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 5.7% (HV 20d: 35.5%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2010-11-19: Highest Volume — 70,140 contracts
  • 2010-11-11: Largest IV spike — 16.4% change
  • 2010-11-29: Highest IV Rank — 34.8%
  • 2010-11-29: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.72$37.36$45.22$37.36$44.60
Max Pain$38.71$38.00$41.00$38.00$41.00
ATM IV41.2%36.1%45.3%44.6%44.3%
Expected Move12.0%10.5%13.0%12.8%12.7%
HV 20d35.5%30.9%42.3%33.6%42.1%
HV 60d42.6%39.2%45.3%45.3%39.2%
IV Rank25.3%13.4%34.8%33.2%32.5%
IV Percentile20.1%2.4%43.7%31.7%36.9%
Term Structure1.0%-0.8%4.5%1.8%-0.2%
VWIV42.5%37.4%46.5%44.8%45.9%
Skew 25d2.6%-0.9%4.6%0.9%3.5%
Skew 10d4.5%-2.4%9.2%2.2%6.5%
Call IV 25d41.3%36.2%44.7%44.7%43.6%
Put IV 25d43.9%38.2%48.2%45.7%47.1%
Bid-Ask Spread %4.793.377.626.704.79
Gamma HHI0.190.080.930.130.09
Net GEX14.1M3.9M144.2M3.9M4.8M
Net DEX-280.8M-476.7M-49.7M-65.0M-380.6M
Net VEX-2.2M-2.5M-1.9M-2.5M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.291.800.641.02
Total Volume37,453.33315,45470,14017,02942,056
Total OI473,265.381339,081536,814504,902390,007

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-11-01$37.36$38.0044.6%12.8%33.6%33.2%44.8%0.9%1.8%3.9M-65.0M-2.5M0.646.70N/AN/A10,3936,636266,294238,608
2010-11-02$37.44$38.0040.4%11.6%30.9%23.4%40.6%1.2%3.0%4.0M-65.6M-2.4M0.795.94N/AN/A12,80910,121266,609236,248
2010-11-03$38.10$38.0037.3%10.7%31.4%16.2%39.4%-0.9%4.3%5.9M-138.5M-2.4M0.567.62N/AN/A21,27711,880269,417240,067
2010-11-04$40.35$38.0036.5%10.5%37.1%14.2%37.4%1.9%4.5%12.2M-387.8M-2.4M0.636.37N/AN/A35,04322,097269,275240,861
2010-11-05$41.31$38.0038.9%11.9%31.9%19.9%41.7%2.5%1.1%12.1M-476.7M-2.3M0.553.55N/AN/A34,75019,081265,867242,470
2010-11-08$41.37$38.0039.0%12.0%31.9%20.0%42.5%2.4%0.8%11.9M-472.0M-2.3M0.713.38N/AN/A16,35811,645265,521246,980
2010-11-09$39.88$38.0038.4%11.7%34.3%18.6%41.1%2.6%0.9%9.8M-294.2M-2.3M1.004.03N/AN/A16,63616,720266,063244,177
2010-11-10$40.28$38.0036.1%11.7%34.5%13.4%41.5%2.6%0.7%11.4M-355.8M-2.2M1.123.76N/AN/A13,55515,208267,186248,732
2010-11-11$40.42$38.0042.0%12.1%32.3%27.2%42.2%2.7%0.3%11.9M-375.3M-2.3M0.294.53N/AN/A25,8597,424268,243250,367
2010-11-12$39.57$38.0044.7%12.8%33.1%33.5%45.2%3.4%-0.6%9.7M-264.2M-2.3M1.803.92N/AN/A7,95514,317270,014250,501
2010-11-15$39.17$39.0045.0%12.9%33.2%34.1%45.2%3.5%-0.2%10.0M-216.7M-2.2M0.754.83N/AN/A15,11011,316271,486254,086
2010-11-16$38.22$39.0045.1%12.9%33.6%34.3%44.9%3.2%0.1%5.7M-86.3M-2.1M0.694.49N/AN/A22,04715,174274,660257,932
2010-11-17$37.93$39.0044.2%12.7%33.6%32.2%44.4%2.8%0.7%4.0M-49.7M-2.1M0.714.63N/AN/A18,76313,242274,048260,017
2010-11-18$38.49$39.0042.4%12.2%31.9%28.2%42.6%1.6%0.4%7.6M-127.0M-2.0M0.814.53N/AN/A37,33130,078276,502260,312
2010-11-19$39.98$39.0039.3%11.3%34.3%20.7%39.9%1.9%1.5%144.2M-320.8M-2.0M0.453.82N/AN/A48,36521,775260,640241,637
2010-11-22$42.57$39.0039.2%11.2%40.1%20.6%40.3%4.6%0.4%4.4M-274.2M-1.9M0.473.37N/AN/A33,29815,697165,735173,346
2010-11-23$42.96$39.0041.1%11.8%39.9%25.0%41.3%2.8%0.0%5.2M-308.3M-2.0M0.505.51N/AN/A20,42510,147173,950179,185
2010-11-24$45.01$39.0040.4%11.6%42.1%23.5%41.9%3.5%1.7%5.9M-418.9M-2.0M0.805.50N/AN/A34,81027,993178,665181,734
2010-11-26$44.95$40.0041.3%11.8%42.3%25.4%42.3%4.1%1.4%5.5M-410.7M-2.0M0.525.60N/AN/A10,1795,275184,381196,323
2010-11-29$45.22$40.0045.3%13.0%41.7%34.8%46.5%4.1%-0.8%5.4M-408.4M-2.0M1.253.64N/AN/A10,50813,167180,515189,912
2010-11-30$44.60$41.0044.3%12.7%42.1%32.5%45.9%3.5%-0.2%4.8M-380.6M-2.1M1.024.79N/AN/A20,77921,277188,440201,567