A Closer Look at Snap's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on Snap.

Looking at options history for Snap SNAP we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $210,429 and 9, calls, for a total amount of $1,323,507.

Latest Startup Investment Opportunities:

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $22.0 for Snap over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Snap's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Snap's significant trades, within a strike price range of $10.0 to $22.0, over the past month.

Snap Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Having examined the options trading patterns of Snap, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Snap Standing Right Now?

• With a trading volume of 10,621,786, the price of SNAP is down by -0.72%, reaching $10.98.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 37 days from now.

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 Snap with Benzinga Pro for real-time alerts.