Option traders are showing a moderately bearish sentiment towards SanDisk Corporation as its shares experienced a 3.01% drop. While calls slightly outnumber puts with a put/call ratio of 0.83, the implied volatility has increased, suggesting an expected daily move of over $40. The steepening put-call skew further indicates a rising demand for downside protection among traders.
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Option traders moderately bearish in Sandisk Corporation with shares down 3.01%
Option traders are showing a moderately bearish sentiment towards SanDisk Corporation as its shares experienced a 3.01% drop. While calls slightly outnumber puts with a put/call ratio of 0.83, the implied volatility has increased, suggesting an expected daily move of over $40. The steepening put-call skew further indicates a rising demand for downside protection among traders.