SNDK Options History — January 2026

In January 2026, SNDK traded between $272.90 and $561.60. ATM implied volatility averaged 107.4%, placing in the 73.7% IV rank vs the trailing year. The 30-day expected move averaged 30.0%. IV traded below realized volatility by 8.6% (HV 20d: 115.9%). Max pain ranged from $210.00 to $400.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.89.

Notable Days

2026-01-30: Highest Volume — 518,527 contracts
2026-01-06: Largest IV spike — 15.0% change
2026-01-21: Highest IV Rank — 79.2%
2026-01-21: Largest Expected Move — 32.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$423.21	$272.90	$561.60	$274.44	$561.60
Max Pain	$307.25	$210.00	$400.00	$210.00	$400.00
ATM IV	107.4%	98.5%	114.5%	98.5%	103.0%
Expected Move	30.0%	25.2%	32.8%	25.2%	29.2%
HV 20d	115.9%	96.5%	130.2%	100.5%	115.9%
HV 60d	123.0%	118.0%	127.0%	118.6%	120.1%
IV Rank	73.7%	66.7%	79.2%	66.7%	70.2%
IV Percentile	83.0%	74.6%	92.5%	79.4%	74.6%
Term Structure	-2.1%	-5.4%	0.8%	0.6%	-1.0%
VWIV	106.0%	88.2%	116.7%	88.2%	105.0%
Skew 25d	0.9%	-4.8%	5.2%	5.2%	0.4%
Skew 10d	3.3%	-8.9%	13.7%	13.7%	-5.9%
Call IV 25d	108.4%	96.3%	116.5%	96.3%	105.5%
Put IV 25d	109.3%	101.4%	117.1%	101.5%	106.0%
Bid-Ask Spread %	25.65	19.40	32.99	32.93	30.49
Gamma HHI	0.08	0.03	0.18	0.18	0.08
Net GEX	20.1M	-20.1M	79.1M	24.8M	79.1M
Net DEX	-2.75B	-5.22B	-986.0M	-1.26B	-5.22B
Net VEX	-6.8M	-11.3M	-3.0M	-3.0M	-11.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.67	1.14	0.69	0.79
Total Volume	140,769.8	42,742	518,527	69,903	518,527
Total OI	224,140.05	133,014	333,819	144,983	333,819

Daily Data (20 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
2026-01-02	$274.44	$210.00	98.5%	25.2%	100.5%	66.7%	88.2%	5.2%	0.6%	24.8M	-1.26B	-3.0M	0.69	32.93	N/A	N/A	41,403	28,500	81,490	63,493
2026-01-05	$272.90	$230.00	99.4%	27.2%	96.5%	67.4%	95.6%	3.2%	-2.0%	12.2M	-986.0M	-3.0M	1.14	26.57	N/A	N/A	19,987	22,755	75,772	57,242
2026-01-06	$347.73	$240.00	114.3%	31.4%	125.0%	79.1%	110.3%	2.3%	-2.6%	15.5M	-2.07B	-3.2M	1.00	25.41	N/A	N/A	76,489	76,451	78,535	66,490
2026-01-07	$349.66	$260.00	111.2%	30.1%	124.0%	76.7%	106.8%	-1.9%	-2.7%	12.0M	-2.03B	-3.8M	0.95	19.40	N/A	N/A	58,574	55,750	90,455	95,679
2026-01-08	$333.19	$260.00	105.2%	29.0%	125.7%	72.0%	100.8%	2.4%	-3.4%	-8.0M	-1.59B	-4.3M	0.88	22.95	N/A	N/A	73,230	64,308	102,318	109,480
2026-01-09	$377.25	$260.00	110.0%	29.7%	130.2%	75.7%	104.8%	-2.0%	-3.8%	35.8M	-2.91B	-4.6M	0.67	25.46	N/A	N/A	140,755	94,064	115,118	116,579
2026-01-12	$387.78	$270.00	109.6%	30.2%	130.0%	75.4%	107.1%	3.8%	-3.4%	19.6M	-2.42B	-5.4M	0.75	23.88	N/A	N/A	45,950	34,288	101,151	95,166
2026-01-13	$387.57	$270.00	105.6%	29.1%	109.8%	72.3%	102.1%	1.1%	-3.4%	21.3M	-2.42B	-5.7M	0.97	28.70	N/A	N/A	27,556	26,828	110,862	107,129
2026-01-14	$386.46	$280.00	108.2%	30.0%	108.9%	74.3%	105.1%	4.3%	-3.9%	17.2M	-2.33B	-5.7M	1.08	32.99	N/A	N/A	29,694	32,107	113,299	114,378
2026-01-15	$415.73	$290.00	109.1%	30.2%	109.8%	75.0%	106.4%	2.2%	-5.4%	40.0M	-3.13B	-5.8M	1.09	30.00	N/A	N/A	57,568	62,951	118,274	123,963
2026-01-16	$410.69	$320.00	104.4%	29.0%	109.6%	71.4%	102.0%	0.4%	-4.1%	8.0M	-2.85B	-6.2M	0.94	32.33	N/A	N/A	78,302	73,613	127,177	140,088
2026-01-20	$454.07	$330.00	109.8%	31.3%	111.7%	75.6%	110.9%	2.0%	-0.6%	15.3M	-2.54B	-6.6M	0.97	20.63	N/A	N/A	58,374	56,545	88,119	93,779
2026-01-21	$499.45	$335.00	114.5%	32.8%	112.9%	79.2%	116.7%	3.8%	-1.2%	27.2M	-3.49B	-7.5M	0.83	23.42	N/A	N/A	91,709	75,696	102,705	115,943
2026-01-22	$507.43	$350.00	108.1%	31.0%	113.1%	74.3%	110.7%	2.6%	-0.4%	29.8M	-3.65B	-8.6M	0.99	22.70	N/A	N/A	78,165	77,485	115,061	136,952
2026-01-23	$472.15	$350.00	106.0%	30.3%	119.1%	72.6%	108.0%	-3.9%	0.8%	-20.1M	-2.67B	-9.2M	0.98	21.99	N/A	N/A	121,404	119,072	128,899	152,739
2026-01-26	$472.62	$360.00	104.5%	30.4%	119.7%	71.4%	107.4%	-4.8%	-0.7%	10.7M	-2.52B	-9.7M	0.90	22.55	N/A	N/A	33,575	30,344	104,705	110,471
2026-01-27	$481.90	$360.00	102.8%	29.8%	119.2%	70.1%	105.0%	-4.2%	-1.5%	8.9M	-2.67B	-9.8M	0.87	24.31	N/A	N/A	46,837	40,667	113,296	124,657
2026-01-28	$528.70	$370.00	109.1%	31.5%	119.2%	75.1%	111.9%	1.3%	-1.3%	23.1M	-3.88B	-10.6M	0.73	23.16	N/A	N/A	61,675	44,831	126,954	140,498
2026-01-29	$542.97	$400.00	113.8%	32.6%	117.4%	78.7%	115.5%	-0.2%	-2.4%	29.6M	-4.29B	-11.0M	0.68	23.22	N/A	N/A	83,164	56,203	137,659	152,407
2026-01-30	$561.60	$400.00	103.0%	29.2%	115.9%	70.2%	105.0%	0.4%	-1.0%	79.1M	-5.22B	-11.3M	0.79	30.49	N/A	N/A	289,363	229,164	162,049	171,770