SNDK stock perpetuals hit $1.73B open interest

Sandisk-linked perpetual futures have become the crypto market’s largest equity perpetual trade, with aggregate SNDK open interest reaching $1.73 billion on Aug. 17 across 32 tracked venues. Summary SNDK stock perpetual open interest reached $1.73 billion, ranking first among equity-linked perpetual contracts globally. Twenty-four-hour SNDK perpetual volume reached $2.51 billion, nearly eight times Micron’s comparable $320 million volume. SKHX open interest climbed to $1.35 billion, narrowing SNDK’s lead from earlier reported comparisons substantially. Jane Street disclosed 7.41 million Sandisk shares, representing exactly 5.0% beneficial ownership in July 2026. Cboe and MIAX records identify major market makers supporting SNDK-related options across multiple traditional venues. The position puts SNDK ahead of other stock-linked contracts including SK Hynix and SpaceX as crypto exchanges expand around-the-clock derivatives tied to traditional assets. Loris Tools’ latest data was updated at 02:57 UTC. Trading activity has accelerated even faster. Aggregate 24-hour SNDK perpetual volume reached $2.51 billion, up 248% from the previous 24-hour period and ranking fourth among all perpe...