SNDK250919P00017500 Option on Sandisk Corp
SNDK Stock | 46.41 0.20 0.43% |
SNDK250919P00017500 is a PUT option contract on Sandisk Corp's common stock with a strick price of 17.5 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 75 days remaining before the expiration. The option is currently trading at an ask price of $0.3. The implied volatility as of the 6th of July is 75.0.
When exercised, put options on Sandisk Corp produce a short position in Sandisk Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Sandisk Corp's downside price movement.
Rule 16 of 2025-09-19 Option Contract
The options market is anticipating that Sandisk Corp will have an average daily up or down price movement of about 0.0694% per day over the life of the option. With Sandisk Corp trading at USD 46.41, that is roughly USD 0.0322. If you think that the market is fully understating Sandisk Corp's daily price movement you should consider buying Sandisk Corp options at that current volatility level of 1.11%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Sandisk Corp
An 'Out of The Money' option on Sandisk has a strike price that Sandisk Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Sandisk Corp's 'Out of The Money' options include buying the options if you expect a big move in Sandisk Corp's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract Name | SNDK250919P00017500 |
Expires On | 2025-09-19 |
Days Before Expriration | 75 |
Vega | 0.00806 |
Gamma | 0.001578 |
Theoretical Value | 0.15 |
Open Interest | 15 |
Strike Price | 17.5 |
Last Traded At | 0.2 |
Current Price Spread | 0.0 | 0.3 |
Rule 16 Daily Up or Down | USD 0.0322 |
Sandisk short PUT Option Greeks
Sandisk Corp's Option Greeks for the contract ending on 2025-09-19 at a strike price of 17.5 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Sandisk Corp's option greeks, its implied volatility helps estimate the risk of Sandisk Corp stock implied by the prices of the options on Sandisk Corp's stock.
Delta | -0.014857 | |
Gamma | 0.001578 | |
Theta | -0.005643 | |
Vega | 0.00806 | |
Rho | -0.001677 |
Sandisk long PUT Option Payoff at expiration
Put options written on Sandisk Corp grant holders of the option the right to sell a specified amount of Sandisk Corp at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Sandisk Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Sandisk Corp is like buying insurance aginst Sandisk Corp's downside shift.
Profit |
Sandisk Corp Price At Expiration |
Sandisk short PUT Option Payoff at expiration
By selling Sandisk Corp's put option, the investors signal their bearish sentiment. A short position in a put option written on Sandisk Corp will generally make money when the underlying price is above the strike price. Therefore Sandisk Corp's put payoff at expiration depends on where the Sandisk Stock price is relative to the put option strike price. The breakeven price of 17.35 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Sandisk Corp's price. Finally, at the strike price of 17.5, the payoff chart is constant and positive.
Profit |
Sandisk Corp Price At Expiration |
Sandisk Corp Available Put Options
Sandisk Corp's option chain is a display of a range of information that helps investors for ways to trade options on Sandisk. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Sandisk. It also shows strike prices and maturity days for a Sandisk Corp against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open Int | Strike Price | Current Spread | Last Price | |||
Put | SNDK250919P00080000 | 0 | 80.0 | 33.2 - 34.1 | 33.2 | In |
Put | SNDK250919P00075000 | 0 | 75.0 | 28.2 - 29.1 | 28.2 | In |
Put | SNDK250919P00070000 | 0 | 70.0 | 23.3 - 24.1 | 23.3 | In |
Put | SNDK250919P00065000 | 0 | 65.0 | 18.4 - 19.1 | 18.4 | In |
Put | SNDK250919P00060000 | 5 | 60.0 | 13.7 - 14.4 | 13.7 | In |
Put | SNDK250919P00055000 | 3 | 55.0 | 9.7 - 10.2 | 15.11 | In |
Put | SNDK250919P00050000 | 214 | 50.0 | 6.1 - 6.5 | 5.88 | In |
Put | SNDK250919P00045000 | 30 | 45.0 | 3.4 - 3.8 | 3.83 | Out |
Put | SNDK250919P00040000 | 908 | 40.0 | 1.65 - 2.05 | 2.0 | Out |
Put | SNDK250919P00035000 | 99 | 35.0 | 0.7 - 0.95 | 1.1 | Out |
Put | SNDK250919P00030000 | 362 | 30.0 | 0.25 - 0.5 | 0.4 | Out |
Put | SNDK250919P00025000 | 499 | 25.0 | 0.0 - 0.5 | 0.2 | Out |
Put | SNDK250919P00022500 | 2 | 22.5 | 0.0 - 0.4 | 0.4 | Out |
Put | SNDK250919P00020000 | 10 | 20.0 | 0.0 - 0.35 | 0.35 | Out |
Put | SNDK250919P00017500 | 15 | 17.5 | 0.0 - 0.3 | 0.2 | Out |
Sandisk Corp Corporate Management
Michael Pokorny | VP Officer | Profile | |
Christine Bastian | Executive Officer | Profile | |
Jerald Kagele | Executive Officer | Profile | |
Don Angspatt | Executive Operations | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandisk Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Sandisk Stock please use our How to buy in Sandisk Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sandisk Corp. If investors know Sandisk will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sandisk Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sandisk Corp is measured differently than its book value, which is the value of Sandisk that is recorded on the company's balance sheet. Investors also form their own opinion of Sandisk Corp's value that differs from its market value or its book value, called intrinsic value, which is Sandisk Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sandisk Corp's market value can be influenced by many factors that don't directly affect Sandisk Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sandisk Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandisk Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandisk Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.