Benzinga's options scanner just detected over 8 options trades for Snap SNAP summing a total amount of $434,465.
At the same time, our algo caught 4 for a total amount of 278,105.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $22.0 for Snap during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Snap's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Snap's whale activity within a strike price range from $10.0 to $22.0 in the last 30 days.
Snap Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNAP | PUT | SWEEP | BULLISH | 11/15/24 | $7.35 | $7.25 | $7.25 | $22.00 | $154.4K | 488 | 214 |
| SNAP | CALL | SWEEP | BULLISH | 01/16/26 | $7.55 | $7.3 | $7.55 | $10.00 | $97.3K | 2.5K | 140 |
| SNAP | PUT | SWEEP | BULLISH | 11/15/24 | $7.35 | $7.25 | $7.25 | $22.00 | $60.9K | 488 | 298 |
| SNAP | CALL | SWEEP | BULLISH | 10/18/24 | $1.03 | $1.02 | $1.03 | $19.00 | $33.7K | 1.1K | 330 |
| SNAP | PUT | SWEEP | BULLISH | 12/20/24 | $6.55 | $6.5 | $6.5 | $21.00 | $31.8K | 6 | 50 |
About Snap
Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
In light of the recent options history for Snap, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Snap
- Trading volume stands at 2,225,810, with SNAP's price down by -0.16%, positioned at $15.13.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 54 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Snap options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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