SNDK Perpetual & Perp Options: Stock Split Adjustment
Bybit will adjust the SNDKUSDT Perpetual Contract and related SNDK Perp Options for Sandisk Corporation's (SNDK) 8-for-1 stock split at 6AM UTC on Nov 20, 2026. Trading will pause during the adjustment and is expected to resume between 9AM and 2:30PM UTC that day.
Contract details
- Affected products: SNDKUSDT Perpetual Contract and related SNDK Perp Options
- Corporate action: 8-for-1 stock split
- Scale factor: 8
- Perpetual Contract: The mark price will be divided by 8, and position quantity will be multiplied by 8. Settlement and reopening determine the new entry price, as explained below.
- Perp Options: Option prices and strike prices will be divided by 8, and position quantity will be multiplied by 8. Existing expiry dates will remain unchanged.
- Adjustment date: Nov 20, 2026
How the adjustment affects positions
The following examples show how the adjustment works, excluding rounding and market movements. The perpetual example includes settlement and reopening; note that it is not a simple division of the old entry price.
|
Product / Item |
Before |
After |
|---|---|---|
|
Perpetual: Position quantity |
20 SNDK |
160 SNDK |
|
Perpetual: Mark price |
800 USDT |
100 USDT |
|
Perpetual: Average entry price |
640 USDT |
100 USDT, based on the adjusted mark price |
|
Perpetual: Unrealized P&L |
3,200 USDT |
0 USDT; the old position’s P&L is realized |
|
Perpetual: Notional position value |
16,000 USDT |
16,000 USDT |
|
Perp Options: Position quantity |
10 |
80 |
|
Perp Options: Option mark price |
80 USDT |
10 USDT |
|
Perp Options: Strike price |
960 USDT |
120 USDT |
|
Perp Options: Expiry date |
Existing expiry date |
Unchanged |
Note: Existing positions are settled at the mark price captured when trading pauses, and eligible remaining quantities reopen at the adjusted mark price. Unrealized P&L becomes realized P&L, and reopened positions start with zero unrealized P&L. Any quantity that does not meet the updated lot size will be settled rather than reopened.
Timeline
|
Time (UTC) |
What happens |
Trading status |
|---|---|---|
|
Before Nov 20, 2026, 6AM |
Before the adjustment |
Trading available, subject to regular trading sessions |
|
Nov 20, 2026, 6AM to 2:30PM |
Adjustment in progress. Trading is expected to resume between 9AM and 2:30PM. |
Trading paused for affected products until it resumes |
|
Nov 20, 2026, between 9AM and 2:30PM (expected) |
Trading resumes when the adjustment is complete. |
Trading available after resumption |
Important information
- The adjustments will be applied automatically. You do not need to take action to initiate the conversion.
- The SNDKUSDT Perpetual Contract will be delisted from Trading Bots at 6AM UTC on Nov 19, 2026.
- All unfilled orders for the SNDKUSDT Perpetual Contract in Copy Trading will be canceled automatically.
- While trading is paused, affected positions will be frozen. You will not be able to place or cancel orders for the affected products until trading resumes. All pending orders for the affected perpetual contract and Perp Options, including supported take-profit/stop-loss (TP/SL) and conditional orders, will be canceled automatically and will not be reinstated.
- After the adjustment, eligible remaining quantities will reopen at the adjusted mark price. For Isolated Margin positions, any margin you manually added to old positions will not carry over. Review your positions and margin after trading resumes.
- Perp Options strike prices will be adjusted proportionally, expiry dates will remain unchanged, and Greeks and implied volatility will be recalculated.
- Perpetual funding fee settlements scheduled while trading is paused will be skipped. Funding fee settlements will resume after trading restarts. Auto-deleveraging (ADL) rankings may change after the adjustment.
- If you use the API, review updated contract parameters, including prices, quantities, strike prices, tick sizes, and lot sizes. Check your systems before submitting new orders.
Further reading
Stock Splits and Reverse Stock Splits for TradFi Perpetual Contracts
Stock Splits and Reverse Stock Splits for Perp Options
Maintain sufficient margin and be aware of the risks during and after the adjustment.