SNDK Options History — November 2025

In November 2025, SNDK traded between $195.33 and $281.62. ATM implied volatility averaged 109.5%, placing in the 75.4% IV rank vs the trailing year. The 30-day expected move averaged 32.3%. IV traded below realized volatility by 17.4% (HV 20d: 127.0%). Max pain ranged from $90.00 to $167.50. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.98.

Notable Days

2025-11-13: Highest Volume — 121,242 contracts
2025-11-24: Largest IV drop — 7.7% change
2025-11-21: Highest IV Rank — 82.0%
2025-11-05: Largest Expected Move — 35.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$233.64	$195.33	$281.62	$209.81	$223.30
Max Pain	$116.32	$90.00	$167.50	$150.00	$130.00
ATM IV	109.5%	97.9%	118.0%	108.0%	97.9%
Expected Move	32.3%	29.1%	35.8%	34.0%	29.1%
HV 20d	127.0%	107.4%	152.8%	109.6%	139.6%
HV 60d	102.0%	88.8%	117.0%	88.8%	113.6%
IV Rank	75.4%	66.2%	82.0%	74.2%	66.2%
IV Percentile	88.9%	78.6%	96.8%	88.9%	78.6%
Term Structure	-1.4%	-6.2%	4.3%	-1.8%	-1.2%
VWIV	114.8%	103.3%	128.0%	116.7%	103.3%
Skew 25d	-1.9%	-9.4%	4.7%	-5.4%	-1.7%
Skew 10d	-1.0%	-15.1%	10.1%	-1.6%	2.9%
Call IV 25d	112.2%	99.7%	121.2%	112.5%	99.7%
Put IV 25d	110.3%	98.0%	124.9%	107.1%	98.0%
Bid-Ask Spread %	34.58	22.38	42.39	35.91	34.04
Gamma HHI	0.07	0.03	0.24	0.05	0.05
Net GEX	3.1M	-16.5M	17.6M	6.4M	7.5M
Net DEX	-1.14B	-2.05B	-135.3M	-979.4M	-789.0M
Net VEX	-2.5M	-3.2M	-1.6M	-1.6M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.39	2.27	1.27	0.48
Total Volume	61,334	18,924	121,242	31,393	69,659
Total OI	189,235	127,160	240,283	127,160	202,008

Daily Data (19 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
2025-11-03	$209.81	$150.00	108.0%	34.0%	109.6%	74.2%	116.7%	-5.4%	-1.8%	6.4M	-979.4M	-1.6M	1.27	35.91	N/A	N/A	13,811	17,582	69,093	58,067
2025-11-04	$196.50	$167.50	107.9%	34.0%	113.8%	74.1%	119.3%	-9.4%	-3.8%	3.8M	-782.2M	-1.8M	0.89	34.36	N/A	N/A	10,024	8,900	75,099	68,405
2025-11-05	$216.87	$167.50	111.3%	35.8%	115.5%	76.8%	128.0%	-7.4%	-1.1%	5.6M	-1.10B	-1.9M	0.63	37.92	N/A	N/A	23,085	14,566	78,515	72,087
2025-11-06	$211.64	$90.00	110.3%	31.1%	116.3%	76.0%	108.7%	-7.6%	-0.3%	3.8M	-1.05B	-2.0M	0.60	37.15	N/A	N/A	32,974	19,624	86,133	80,539
2025-11-07	$237.77	$90.00	107.2%	31.4%	112.0%	73.5%	112.5%	-3.4%	-1.1%	17.6M	-1.68B	-2.0M	1.02	35.09	N/A	N/A	50,877	51,821	100,026	91,867
2025-11-10	$269.52	$95.00	111.5%	32.3%	113.8%	76.9%	114.0%	-5.8%	1.0%	9.2M	-1.85B	-2.0M	1.02	39.29	N/A	N/A	33,084	33,898	84,728	70,355
2025-11-11	$271.86	$95.00	104.5%	31.2%	111.3%	71.4%	112.4%	-4.0%	4.3%	8.9M	-1.87B	-2.3M	1.23	42.39	N/A	N/A	23,136	28,471	94,681	83,344
2025-11-12	$281.62	$95.00	106.6%	31.4%	107.4%	73.1%	111.3%	-5.0%	3.0%	9.8M	-2.05B	-2.5M	2.27	40.18	N/A	N/A	21,802	49,411	100,382	95,522
2025-11-13	$243.02	$95.00	106.5%	30.5%	125.1%	73.0%	107.7%	-0.4%	-0.1%	-5.0M	-1.18B	-2.7M	2.04	40.35	N/A	N/A	39,912	81,330	107,857	104,147
2025-11-14	$257.40	$100.00	108.8%	31.1%	124.2%	74.8%	111.7%	-2.7%	-0.8%	-3.0M	-1.56B	-2.9M	1.07	36.29	N/A	N/A	44,800	47,778	114,183	121,343
2025-11-17	$262.25	$105.00	115.5%	33.1%	124.0%	80.1%	116.2%	-1.8%	-2.6%	3.6M	-1.52B	-3.0M	0.74	35.49	N/A	N/A	26,043	19,301	96,828	97,641
2025-11-18	$245.47	$110.00	117.9%	33.8%	128.1%	81.9%	119.9%	1.7%	-5.1%	-173.6K	-1.20B	-3.1M	0.89	38.90	N/A	N/A	28,277	25,039	105,841	104,208
2025-11-19	$247.62	$115.00	113.2%	32.5%	127.7%	78.3%	117.8%	4.5%	-2.7%	228.9K	-1.25B	-3.1M	0.55	33.74	N/A	N/A	24,342	13,401	112,713	108,661
2025-11-20	$195.33	$115.00	116.8%	33.7%	152.8%	81.1%	120.1%	2.2%	-3.3%	-6.7M	-135.3M	-2.7M	1.16	30.56	N/A	N/A	50,902	58,876	115,331	112,079
2025-11-21	$202.14	$120.00	118.0%	34.3%	148.6%	82.0%	123.5%	3.7%	-6.2%	-16.5M	-347.9M	-2.8M	0.99	27.35	N/A	N/A	40,441	40,106	126,657	113,626
2025-11-24	$225.53	$120.00	108.9%	32.1%	150.8%	74.9%	116.4%	4.7%	-2.5%	4.1M	-794.9M	-3.0M	0.39	22.38	N/A	N/A	28,514	11,197	91,456	76,119
2025-11-25	$219.95	$125.00	106.2%	31.2%	151.2%	72.7%	111.2%	-2.0%	-1.8%	4.7M	-717.4M	-3.1M	0.73	25.10	N/A	N/A	27,278	19,950	99,786	80,368
2025-11-26	$221.63	$125.00	104.1%	31.3%	140.3%	71.1%	111.5%	3.5%	-1.6%	5.4M	-737.4M	-3.2M	0.58	30.48	N/A	N/A	22,271	12,863	110,219	85,551
2025-11-28	$223.30	$130.00	97.9%	29.1%	139.6%	66.2%	103.3%	-1.7%	-1.2%	7.5M	-789.0M	-3.0M	0.48	34.04	N/A	N/A	47,193	22,466	112,824	89,184