SNDK Options History — August 2011

In August 2011, SNDK traded between $32.37 and $42.54. ATM implied volatility averaged 54.2%, placing in the 59.7% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 9.6% (HV 20d: 63.9%). Max pain ranged from $39.00 to $43.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.02.

Notable Days

  • 2011-08-10: Highest Volume — 93,147 contracts
  • 2011-08-08: Largest IV spike — 36.2% change
  • 2011-08-08: Highest IV Rank — 100.0%
  • 2011-08-08: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.97$32.37$42.54$42.10$36.65
Max Pain$40.78$39.00$43.00$42.00$39.00
ATM IV54.2%41.7%76.2%43.3%48.2%
Expected Move15.3%12.0%18.6%12.4%13.8%
HV 20d63.9%46.9%73.0%46.9%69.9%
HV 60d50.3%41.4%55.9%41.4%55.7%
IV Rank59.7%40.6%100.0%50.8%41.2%
IV Percentile89.7%65.9%100.0%69.8%80.6%
Term Structure1.7%-3.6%6.3%-0.1%5.5%
VWIV53.7%42.3%64.4%43.4%50.4%
Skew 25d8.6%3.6%12.3%4.5%9.8%
Skew 10d17.1%7.5%24.5%8.7%19.5%
Call IV 25d50.5%40.9%62.0%41.8%45.5%
Put IV 25d59.0%44.5%71.6%46.2%55.3%
Bid-Ask Spread %5.783.219.013.924.25
Gamma HHI0.080.060.130.080.06
Net GEX-2.0M-5.5M4.2M4.2M-1.0M
Net DEX201.5M-29.5M400.7M-29.5M131.4M
Net VEX-2.1M-2.7M-1.6M-2.4M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.303.833.830.57
Total Volume32,666.1313,43193,14749,64113,431
Total OI417,127.696344,378473,557383,499383,316

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$42.10$42.0043.3%12.4%46.9%50.8%43.4%4.5%-0.1%4.2M-29.5M-2.4M3.833.92N/AN/A10,27339,368205,821177,678
2011-08-02$40.67$42.0043.4%12.4%48.0%51.2%43.5%3.7%0.1%-1.2M108.5M-2.5M1.214.55N/AN/A15,68618,967207,376210,775
2011-08-03$42.54$42.0041.7%12.0%50.8%45.5%42.3%3.6%1.1%2.2M-25.5M-2.7M1.483.21N/AN/A13,27919,611211,923219,845
2011-08-04$39.63$42.0055.4%15.9%56.3%92.8%54.7%5.8%-3.6%-2.8M173.0M-2.6M0.925.76N/AN/A16,09814,737214,608231,062
2011-08-05$39.32$43.0055.9%15.8%56.2%94.5%54.6%5.9%-0.7%-3.2M191.5M-2.6M0.536.88N/AN/A25,27713,490214,233233,673
2011-08-08$36.06$42.0076.2%18.6%62.8%100.0%64.4%9.5%-2.0%-3.9M320.6M-2.2M1.296.73N/AN/A21,88528,302219,358234,328
2011-08-09$37.93$42.0057.1%16.2%66.0%60.0%59.0%7.5%-0.3%-5.5M283.2M-2.4M0.759.01N/AN/A23,74317,913220,300247,250
2011-08-10$36.51$41.0068.3%17.8%66.5%83.6%61.3%11.8%-2.0%-4.0M302.9M-2.2M2.546.55N/AN/A26,33666,811223,315231,959
2011-08-11$38.30$41.0058.0%16.6%69.1%61.8%59.0%11.0%-0.3%-1.3M164.3M-2.2M0.765.29N/AN/A12,9619,847230,178212,140
2011-08-12$38.09$41.0054.2%15.5%68.9%53.9%54.6%9.8%1.8%-2.4M186.4M-2.1M1.426.23N/AN/A8,78912,493230,984209,580
2011-08-15$38.20$41.0048.4%13.9%68.4%41.6%48.2%7.8%2.9%-3.9M204.3M-2.0M1.036.30N/AN/A10,66811,010230,067210,298
2011-08-16$37.03$41.0050.4%14.4%67.5%45.9%50.7%7.6%1.9%-4.1M268.8M-1.9M0.576.20N/AN/A14,7318,417232,253213,647
2011-08-17$36.26$41.0048.8%14.0%67.7%42.6%49.2%6.4%4.0%-3.3M308.3M-1.8M0.434.68N/AN/A28,46312,266237,024212,389
2011-08-18$33.64$41.0059.9%17.2%71.8%65.9%60.3%9.0%2.4%-3.4M377.5M-1.7M1.538.69N/AN/A23,34435,713248,061217,994
2011-08-19$32.50$41.0064.0%18.3%61.1%74.4%62.7%10.1%-0.2%-2.2M400.7M-1.6M0.715.07N/AN/A15,43210,905250,501223,056
2011-08-22$32.37$40.0063.0%18.1%60.7%72.3%61.5%12.3%-0.4%-2.0M250.6M-1.6M0.495.02N/AN/A16,5418,057171,046173,332
2011-08-23$34.35$40.0053.6%15.4%66.1%52.7%54.0%10.2%3.3%-1.9M213.5M-1.7M0.646.87N/AN/A11,1837,122177,025173,675
2011-08-24$34.92$40.0052.6%15.1%65.8%50.6%53.6%8.6%4.1%-1.6M189.8M-1.8M0.306.10N/AN/A13,3884,034181,986178,310
2011-08-25$33.89$39.0056.5%16.2%65.9%58.6%55.9%12.2%3.7%-1.6M218.6M-1.8M0.925.59N/AN/A10,4479,576186,887179,644
2011-08-26$34.80$39.0051.7%14.8%67.0%48.6%53.5%11.8%5.2%-1.4M195.7M-1.8M0.555.67N/AN/A13,5747,421190,818180,866
2011-08-29$37.39$39.0049.2%14.1%73.0%43.3%49.8%9.0%5.9%-436.4K93.1M-2.1M0.444.80N/AN/A16,7417,357194,197182,875
2011-08-30$37.09$39.0047.9%13.7%72.3%40.6%48.1%9.6%6.3%-618.3K107.4M-2.0M0.535.56N/AN/A16,7728,862194,775183,509
2011-08-31$36.65$39.0048.2%13.8%69.9%41.2%50.4%9.8%5.5%-1.0M131.4M-2.0M0.574.25N/AN/A8,5344,897197,046186,270