Financial giants have made a conspicuous bearish move on Snowflake. Our analysis of options history for Snowflake SNOW revealed 55 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 30 were puts, with a value of $2,528,412, and 25 were calls, valued at $1,600,527.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $180.0 for Snowflake over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Snowflake'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 Snowflake's whale trades within a strike price range from $90.0 to $180.0 in the last 30 days.
Snowflake Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNOW | PUT | TRADE | NEUTRAL | 01/15/27 | $73.65 | $70.8 | $72.0 | $180.00 | $1.2M | 0 | 170 |
| SNOW | CALL | SWEEP | BEARISH | 02/21/25 | $8.15 | $8.0 | $8.0 | $130.00 | $199.2K | 557 | 261 |
| SNOW | CALL | SWEEP | BEARISH | 06/20/25 | $9.4 | $9.05 | $9.05 | $150.00 | $179.1K | 917 | 248 |
| SNOW | CALL | SWEEP | BULLISH | 12/20/24 | $10.3 | $10.15 | $10.22 | $115.00 | $102.8K | 1.0K | 335 |
| SNOW | CALL | TRADE | BEARISH | 01/17/25 | $12.15 | $12.1 | $12.1 | $115.00 | $84.7K | 1.5K | 241 |
About Snowflake
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Having examined the options trading patterns of Snowflake, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Snowflake
- With a volume of 2,219,035, the price of SNOW is down -1.1% at $114.22.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 16 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Snowflake with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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