Sandisk Options See Heavy Put-Selling as Kioxia Surges 560% YTD
SNDK•In May, Charles Schwab clients executed substantial put-selling and selective upside call purchases on Sandisk options, indicating cautious bullish positioning in memory chips. In contrast, AI storage name Kioxia has advanced 560% year-to-date, highlighting Sandisk’s relative underperformance in the AI infrastructure rally.
1. Sandisk Options Activity
During May, data shows Charles Schwab clients engaged in a notable amount of put-selling on Sandisk options, complemented by selective call buying. This pattern suggests investors are seeking downside protection while maintaining upside exposure in memory chip equities.
2. Kioxia's AI Storage Rally
Kioxia, a competitor in AI storage, has climbed 560% year-to-date and projects revenue growth at a 118% CAGR through 2028. Trading at roughly 8.5x earnings, it remains positioned for a U.S. IPO, underscoring its outperformance relative to Sandisk.
