u/One_Rub7972 ·
Reddit — r/options
· July 13, 2026 at 19:45
· ⬆ 17 pts
· 💬 8 comments
| View on Reddit ↗
AI Summary
Summary
The thread focuses on a single large put option trade on SNDK that yielded $115K profit, with detailed cost and breakeven analysis.
Dominant sentiment is skeptical: top comment warns it’s a gamble, not a repeatable strategy.
Key consensus: the trade required an extreme 11%+ drop after a prior 20% decline, making it a high‑risk binary bet.
Score17
Comments8
▶ Full Post Text
[+8] u/Sufficient-Flan1565: You gambled and won, that’s all. Folks, ignore posts like these if you wanna make money in the long run.
[+7] u/iisconfused247: What is the “dark pool”?
[+6] u/lekkerist: the numbers:
**Cost per contract**
* Sell to close: 25 contracts × $112.50 × 100 shares = $281,250 credit
* Realized profit: $115,000
* Total cost basis: $281,250 − $115,000 = **$166,250**
* Per contract: $166,250 ÷ 25 = **$6,650** (i.e., $66.50 per share in premium)
So the buyer roughly +69% on the position ($112.50 exit vs $66.50 entry).
**Drop needed to be ITM**
The $1,700 put is ITM when SNDK trades below $1,700. Context matters here: SNDK closed Friday at $1,915.92, so at Friday's close the stock needed to fall about **11.3%** to touch the strike ($1,915.92 → $1,700 = −$215.92)
while volatile, betting that it will drop another 11% in a week after dropping \~20% the week before its bold
A trader bought 25 SNDK $1,700 puts at $66.50/share premium, later sold for $112.50 (+69%) after a weekend gap down, netting $115K. While the community acknowledges the profit, the top‑voted comment dismisses it as gambling, and the underlying had already dropped ~20% the prior week, making further decline speculative. The trade is not recommended for replication due to extreme tail‑risk and lack of sustainable edge; treat as a cautionary example. Further 11% drop required after a 20% decline is unlikely without fresh catalyst; dark pool liquidity not addressed; position sizing with 25 contracts is aggressive.
This Reddit post, published July 13, 2026,
features r/options community
discussing SNDK.
1 trade idea extracted by AI with direction and confidence scoring.