SanDisk experienced a surge in options trading following its late January earnings report. The Put/Call Ratio reached 0.59, signaling bullish sentiment through high call volume. Implied volatility rose significantly as traders anticipated continued price swings. Weekly contracts expiring February 6th emerged as the most actively traded instruments.
The activity follows a sharp share price rally triggered by quarterly earnings that exceeded analyst expectations. SanDisk provided strong forward-looking guidance based on high demand for NAND flash memory products. The artificial intelligence boom remains the primary driver for the company's recent growth. The stock recently experienced a minor pullback, which market observers attribute to potential profit-taking.