Understanding SanDisk's Recent Options Activity and Market Impact
Analyzing SanDisk's Options Activity
Recently, major players in the market have displayed a notably bullish outlook on SanDisk. This shift is reflected in their options trades.
Trade Overview for SanDisk
Upon examining the trading data for SanDisk (SNDK), we have identified a total of nine significant trades within a recent timeframe. Notably, two-thirds of these trades were opened with bullish sentiment, while the remainder expressed bearish expectations.
Trade Insights and Financials
The breakdown reveals that three trades were puts amounting to approximately $719,359, while six trades were calls totaling around $238,720. This mixture of trades reflects the diverse market sentiments surrounding SanDisk.
Expected Price Movements
If we delve deeper into the volume and open interest on these options contracts, data shows that investors have targeted a price range spanning from $25.00 to $100.00 for SanDisk over the last quarter.
Volume and Open Interest Trends
In the current trading environment, SanDisk's average open interest for options stands at 1,469, with total volume hitting 1,442. These metrics highlight the eagerness of investors participating in the options market. The accompanying data illustrates the fluctuations of call and put option volumes as well as the open interest for significant trades of SanDisk.
Largest Options Trades Observed
Among the notable trades recorded, here are some of the largest we have found:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNDK | PUT | TRADE | BEARISH | 10/17/25 | $17.0 | $17.0 | $17.0 | $100.00 | $408.0K | 2 | 240 |
| SNDK | PUT | SWEEP | BEARISH | 10/17/25 | $17.0 | $15.5 | $16.92 | $100.00 | $279.5K | 2 | 240 |
| SNDK | CALL | SWEEP | BULLISH | 10/17/25 | $5.9 | $5.0 | $5.0 | $95.00 | $59.5K | 5.1K | 134 |
| SNDK | CALL | TRADE | BULLISH | 09/19/25 | $62.4 | $61.2 | $62.0 | $25.00 | $55.8K | 136 | 9 |
| SNDK | PUT | SWEEP | BULLISH | 09/19/25 | $3.7 | $3.5 | $3.5 | $90.00 | $31.8K | 231 | 410 |
About SanDisk
SanDisk stands out as one of the leading global suppliers of NAND flash memory semiconductors. Their vertical integration means they manufacture most of their flash chips at plants in Japan, primarily through a partnership with Kioxia. Subsequently, these chips are transformed into SSDs for consumer devices, external storage solutions, or cloud storage services.
Current Market Status of SanDisk
- The trading volume has reached up to 770,313, with stock prices trending upward by 1.1%, currently positioned at $87.08.
- Current RSI indicators suggest the stock might be entering overbought territory.
- Anticipation mounts for the earnings announcement scheduled in 53 days.
Analyst Ratings for SanDisk
In recent evaluations, three analysts have issued insights on the stock, providing a consensus price target averaging $87.00.
Furthermore, an analyst from Morgan Stanley maintains an Overweight rating for SanDisk, with a target set at $96. In parallel, Benchmark holds a Buy rating, targeting $85, while Citigroup aligns with a Buy rating, setting their target at $80.
Investing in options entails risks paired with the potential for sizeable rewards. Traders can mitigate these risks through education and by closely monitoring market indicators. Staying updated on the latest activities surrounding SanDisk can provide traders with the knowledge needed to navigate their investments successfully.
Frequently Asked Questions
What is the recent trading sentiment regarding SanDisk?
Recent trades indicate a bullish sentiment among two-thirds of investors, showing confidence in SanDisk's performance.
What is the current stock price of SanDisk?
The stock price of SanDisk is currently around $87.08, reflecting an upward trend recently.
How does SanDisk rank among memory semiconductor suppliers?
SanDisk ranks among the top five largest suppliers of NAND flash memory semiconductors in the world.
When can we expect the next earnings announcement from SanDisk?
The next earnings announcement for SanDisk is anticipated in 53 days, providing insights into their financial performance.
What do analysts predict for SanDisk's stock price?
Analysts currently provide a target average price of around $87.00, with some ratings as high as $96.00.
About The Author
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