Whales with a lot of money to spend have taken a noticeably bearish stance on Snowflake.
Looking at options history for Snowflake SNOW we detected 70 trades.
If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 51% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $1,174,639 and 58, calls, for a total amount of $5,527,308.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $300.0 for Snowflake, spanning the last three 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 $60.0 to $300.0 in the last 30 days.
Snowflake Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNOW | CALL | SWEEP | BEARISH | 01/15/27 | $126.6 | $121.7 | $121.7 | $60.00 | $523.9K | 45 | 77 |
| SNOW | PUT | TRADE | BEARISH | 12/18/26 | $70.45 | $66.0 | $70.45 | $230.00 | $338.1K | 0 | 51 |
| SNOW | PUT | SWEEP | BEARISH | 12/18/26 | $38.55 | $35.8 | $38.55 | $180.00 | $211.8K | 9 | 97 |
| SNOW | CALL | TRADE | BEARISH | 03/21/25 | $3.75 | $3.65 | $3.6 | $210.00 | $198.0K | 4.7K | 587 |
| SNOW | CALL | SWEEP | BEARISH | 01/15/27 | $88.3 | $84.9 | $84.9 | $110.00 | $144.3K | 81 | 17 |
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.
Snowflake's Current Market Status
- Trading volume stands at 3,019,870, with SNOW's price up by 2.36%, positioned at $174.81.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 36 days.
Expert Opinions on Snowflake
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $200.8.
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. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $201. * Showing optimism, an analyst from Wells Fargo upgrades its rating to Overweight with a revised price target of $200. * Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Snowflake, targeting a price of $205. * Showing optimism, an analyst from Barclays upgrades its rating to Overweight with a revised price target of $190. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Snowflake with a target price of $208.
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 Snowflake options trades with real-time alerts from Benzinga Pro.
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