SNDK Options History — May 2013

In May 2013, SNDK traded between $51.18 and $59.90. ATM implied volatility averaged 29.7%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 3.2% (HV 20d: 32.9%). Max pain ranged from $52.50 to $57.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.64.

Notable Days

2013-05-30: Highest Volume — 25,597 contracts
2013-05-08: Largest IV drop — 31.5% change
2013-05-07: Highest IV Rank — 38.2%
2013-05-01: Largest Expected Move — 9.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.10	$51.18	$59.90	$51.18	$59.02
Max Pain	$53.98	$52.50	$57.50	$52.50	$57.50
ATM IV	29.7%	26.0%	41.2%	38.3%	27.7%
Expected Move	8.1%	7.6%	9.3%	9.3%	7.8%
HV 20d	32.9%	21.9%	41.9%	40.2%	22.0%
HV 60d	28.2%	27.5%	29.0%	27.6%	28.4%
IV Rank	11.4%	2.8%	38.2%	31.4%	6.8%
IV Percentile	20.8%	2.4%	80.6%	70.2%	11.5%
Term Structure	4.6%	-2.8%	7.1%	-2.8%	6.7%
VWIV	28.5%	26.7%	32.4%	32.4%	27.7%
Skew 25d	1.7%	1.1%	2.8%	2.8%	2.0%
Skew 10d	4.1%	2.2%	5.9%	5.0%	4.1%
Call IV 25d	27.9%	26.3%	32.5%	32.5%	27.3%
Put IV 25d	29.7%	27.9%	35.3%	35.3%	29.3%
Bid-Ask Spread %	5.69	3.94	8.76	7.09	6.02
Gamma HHI	0.30	0.15	0.91	0.15	0.29
Net GEX	14.0M	3.5M	96.3M	3.5M	8.4M
Net DEX	-281.9M	-423.2M	-71.6M	-71.6M	-303.0M
Net VEX	-1.6M	-1.6M	-1.5M	-1.5M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.15	1.61	0.46	0.99
Total Volume	13,338.273	3,265	25,597	19,975	11,756
Total OI	188,873.091	159,514	211,813	194,071	178,821

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-05-01	$51.18	$52.50	38.3%	9.3%	40.2%	31.4%	32.4%	2.8%	-2.8%	3.5M	-71.6M	-1.5M	0.46	7.09	N/A	N/A	13,653	6,322	127,911	66,160
2013-05-02	$52.61	$52.50	32.5%	8.6%	40.8%	18.0%	30.2%	1.8%	-1.4%	6.0M	-140.7M	-1.6M	0.36	4.80	N/A	N/A	12,162	4,341	135,302	67,934
2013-05-03	$53.88	$52.50	33.8%	8.3%	41.8%	21.1%	29.9%	1.5%	-1.3%	8.4M	-192.2M	-1.6M	0.53	6.77	N/A	N/A	12,790	6,782	131,382	68,653
2013-05-06	$54.60	$52.50	38.4%	8.0%	41.8%	31.8%	28.9%	2.0%	4.8%	10.8M	-224.5M	-1.6M	0.78	5.44	N/A	N/A	4,340	3,388	134,208	67,646
2013-05-07	$55.42	$52.50	41.2%	8.1%	41.9%	38.2%	28.4%	1.9%	4.8%	12.2M	-260.9M	-1.6M	0.32	5.00	N/A	N/A	9,667	3,103	135,327	69,091
2013-05-08	$55.24	$52.50	28.2%	8.1%	39.7%	7.9%	28.1%	2.3%	4.9%	13.2M	-255.3M	-1.6M	0.36	7.47	N/A	N/A	14,630	5,273	137,644	69,574
2013-05-09	$56.65	$52.50	27.4%	7.9%	40.8%	6.1%	28.2%	1.5%	5.0%	14.7M	-334.0M	-1.6M	0.63	3.94	N/A	N/A	12,922	8,079	140,374	71,439
2013-05-10	$57.23	$52.50	26.0%	8.0%	40.7%	2.8%	28.9%	1.8%	4.9%	14.0M	-348.8M	-1.6M	0.55	4.57	N/A	N/A	8,250	4,571	136,724	69,066
2013-05-13	$57.90	$55.00	28.4%	8.1%	39.3%	8.3%	29.0%	1.5%	4.6%	15.1M	-370.1M	-1.6M	1.34	4.69	N/A	N/A	3,271	4,368	133,896	68,111
2013-05-14	$58.49	$55.00	27.7%	7.9%	38.3%	6.8%	28.0%	1.6%	4.7%	16.1M	-386.8M	-1.6M	0.56	5.37	N/A	N/A	4,994	2,780	133,808	70,776
2013-05-15	$59.01	$55.00	28.4%	8.0%	36.5%	8.5%	28.8%	1.5%	5.1%	16.8M	-408.4M	-1.6M	0.15	5.46	N/A	N/A	16,330	2,388	133,924	71,602
2013-05-16	$58.52	$52.50	28.2%	8.1%	25.4%	8.0%	28.3%	1.4%	5.2%	15.5M	-375.2M	-1.5M	0.61	8.76	N/A	N/A	12,570	7,615	137,756	68,584
2013-05-17	$59.90	$52.50	27.5%	7.9%	26.1%	6.4%	28.2%	2.0%	5.3%	96.3M	-423.2M	-1.6M	0.34	8.17	N/A	N/A	8,170	2,749	136,029	73,217
2013-05-20	$58.47	$55.00	28.7%	8.2%	28.1%	9.0%	28.6%	1.6%	5.6%	6.7M	-261.9M	-1.6M	1.61	5.10	N/A	N/A	5,314	8,553	99,654	59,860
2013-05-21	$58.25	$55.00	28.1%	8.0%	27.4%	7.6%	28.4%	1.7%	6.0%	7.2M	-262.2M	-1.6M	1.13	4.84	N/A	N/A	2,899	3,290	102,799	60,692
2013-05-22	$57.90	$55.00	26.9%	7.7%	27.3%	4.9%	27.1%	1.1%	6.4%	7.1M	-252.7M	-1.5M	0.48	5.35	N/A	N/A	7,472	3,593	103,512	61,299
2013-05-23	$57.83	$55.00	27.7%	7.9%	26.9%	6.8%	28.1%	1.5%	5.9%	6.2M	-245.2M	-1.6M	0.43	6.38	N/A	N/A	7,678	3,280	104,229	62,416
2013-05-24	$58.01	$55.00	26.5%	7.6%	26.9%	3.9%	26.7%	1.6%	6.6%	6.7M	-251.3M	-1.5M	0.93	4.12	N/A	N/A	5,542	5,165	102,683	63,477
2013-05-28	$57.84	$55.00	27.5%	7.9%	27.0%	6.4%	27.5%	2.0%	6.1%	6.9M	-246.8M	-1.5M	0.81	5.47	N/A	N/A	1,799	1,466	102,137	63,572
2013-05-29	$58.31	$55.00	27.2%	7.8%	23.5%	5.5%	27.2%	1.8%	6.3%	7.0M	-262.5M	-1.5M	0.32	5.44	N/A	N/A	3,444	1,086	102,273	63,887
2013-05-30	$59.89	$55.00	27.0%	7.7%	21.9%	5.0%	27.5%	1.6%	7.1%	8.7M	-324.9M	-1.5M	0.46	4.98	N/A	N/A	17,575	8,022	103,748	64,011
2013-05-31	$59.02	$57.50	27.7%	7.8%	22.0%	6.8%	27.7%	2.0%	6.7%	8.4M	-303.0M	-1.6M	0.99	6.02	N/A	N/A	5,906	5,850	111,141	67,680