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

Looking at options history for Snowflake (NYSE:SNOW) we detected 46 trades.

If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.

From the overall spotted trades, 23 are puts, for a total amount of $1,451,282 and 23, calls, for a total amount of $965,956.

Projected Price Targets

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.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Snowflake's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Snowflake's significant trades, within a strike price range of $100.0 to $250.0, over the past month.

Snowflake Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Snowflake

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

• Currently trading with a volume of 3,574,919, the SNOW's price is down by -1.98%, now at $152.5.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 42 days.

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.