Deep-pocketed investors have adopted a bearish approach towards Snowflake SNOW, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 51 extraordinary options activities for Snowflake. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 39% leaning bullish and 43% bearish. Among these notable options, 8 are puts, totaling $364,416, and 43 are calls, amounting to $2,042,612.
What's The Price Target?
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 $250.0 for Snowflake over the last 3 months.
Insights into Volume & Open Interest
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 $250.0 in the last 30 days.
Snowflake Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNOW | CALL | SWEEP | BEARISH | 03/07/25 | $8.0 | $6.5 | $6.5 | $200.00 | $163.8K | 33 | 1.0K |
| SNOW | CALL | TRADE | BEARISH | 03/20/26 | $48.95 | $46.6 | $47.17 | $160.00 | $94.3K | 33 | 20 |
| SNOW | CALL | TRADE | NEUTRAL | 03/21/25 | $9.4 | $9.2 | $9.3 | $190.00 | $93.0K | 3.0K | 1.2K |
| SNOW | CALL | SWEEP | BEARISH | 03/07/25 | $6.6 | $5.15 | $6.6 | $200.00 | $75.9K | 33 | 1.2K |
| SNOW | CALL | SWEEP | BULLISH | 02/21/25 | $1.3 | $1.28 | $1.3 | $200.00 | $71.5K | 6.3K | 1.2K |
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.
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
Where Is Snowflake Standing Right Now?
- Currently trading with a volume of 3,627,843, the SNOW's price is down by -2.74%, now at $177.86.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 27 days.
What The Experts Say On Snowflake
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $199.8.
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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. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $201. * An analyst from Barclays upgraded its action to Overweight with a price target of $190. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Snowflake, which currently sits at a price target of $208. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Snowflake, targeting a price of $200. * An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $200.
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.
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