Financial giants have made a conspicuous bullish move on Snowflake. Our analysis of options history for Snowflake SNOW revealed 26 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $549,304, and 21 were calls, valued at $1,323,564.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $200.0 for Snowflake over the last 3 months.
Volume & Open Interest Trends
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 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 activity within a strike price range from $100.0 to $200.0 in the last 30 days.
Snowflake Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNOW | PUT | TRADE | BULLISH | 12/20/24 | $18.15 | $18.0 | $18.0 | $187.50 | $160.2K | 570 | 475 |
| SNOW | PUT | TRADE | BULLISH | 12/20/24 | $18.5 | $17.9 | $18.0 | $187.50 | $158.4K | 570 | 385 |
| SNOW | CALL | TRADE | BEARISH | 08/15/25 | $35.65 | $34.5 | $34.5 | $155.00 | $138.0K | 279 | 40 |
| SNOW | PUT | SWEEP | BEARISH | 01/17/25 | $10.0 | $9.65 | $10.0 | $175.00 | $124.0K | 1.6K | 124 |
| SNOW | CALL | SWEEP | BULLISH | 12/27/24 | $3.7 | $3.5 | $3.7 | $175.00 | $110.9K | 509 | 2.5K |
About Snowflake
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
Following our analysis of the options activities associated with Snowflake, we pivot to a closer look at the company's own performance.
Snowflake's Current Market Status
- Trading volume stands at 2,012,643, with SNOW's price down by -0.89%, positioned at $170.43.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 76 days.
What Analysts Are Saying About Snowflake
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $186.6.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Snowflake, targeting a price of $220. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Snowflake with a target price of $188. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Snowflake, which currently sits at a price target of $150. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Snowflake, targeting a price of $185. * Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Snowflake, targeting a price of $190.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Snowflake, Benzinga Pro gives you real-time options trades alerts.
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