Sandisk’s stock perpetual open interest surged to $1.73 billion, outpacing peers and marking the highest level among stock perpetuals.
Open interest in Sandisk (SNDK) stock perpetuals reached $1.73 billion as of August 17, the highest among all stock perpetuals. The figure surpasses SPCX’s $928 million by 1.86 times and SKHX’s $493 million by 3.51 times, solidifying SNDK’s dominance in the sector.
The surge reflects heightened trading activity in SNDK derivatives, with volume exceeding most storage-sector peers, including Micron (MU). Market makers such as Susquehanna, IMC, and Citadel Securities are actively involved in SNDK options and related ETFs, while Jane Street holds a 5.0% stake in the company.
The data underscores growing institutional participation in SNDK derivatives amid broader digital asset market engagement.