Financial giants have made a conspicuous bullish move on SanDisk ( SNDK ). Our analysis of options history for SanDisk ( SNDK ) revealed 48 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 31 were puts, with a value of $2,321,655, and 17 were calls, valued at $1,475,234.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $280.0 for SanDisk ( SNDK ), spanning the last three months.
In today's trading context, the average open interest for options of SanDisk ( SNDK ) stands at 616.23, with a total volume reaching 4,634.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SanDisk ( SNDK ), situated within the strike price corridor from $130.0 to $280.0, throughout the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNDK | CALL | TRADE | BEARISH | 379 | 0 | ||||||
| SNDK | PUT | SWEEP | BEARISH | 501 | 0 | ||||||
| SNDK | PUT | SWEEP | BEARISH | 501 | 307 | ||||||
| SNDK | CALL | SWEEP | BULLISH | 2.0K | 392 | ||||||
| SNDK | CALL | TRADE | NEUTRAL | 92 | 3 |
Sandisk ( SNDK ) is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk ( SNDK ) is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk ( SNDK ) then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk ( SNDK ) was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
In light of the recent options history for SanDisk ( SNDK ), it's now appropriate to focus on the company itself. We aim to explore its current performance.
With a volume of 3,645,444, the price of SNDK is up 0.17% at $196.3.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 78 days.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $263.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Cantor Fitzgerald persists with their Overweight rating on SanDisk ( SNDK ), maintaining a target price of $300.
* Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for SanDisk ( SNDK ), targeting a price of $300.
* An analyst from Mizuho has decided to maintain their Outperform rating on SanDisk ( SNDK ), which currently sits at a price target of $215.
* Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for SanDisk ( SNDK ), targeting a price of $280.
* Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on SanDisk ( SNDK ) with a target price of $220.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SanDisk ( SNDK ) options trades with real-time alerts from Benzinga Pro.
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