Snowflake Whale Trades Spotted

Snowflake Whale Trades Spotted

 

A whale with a lot of money to spend has taken a noticeably bullish stance on Snowflake.

Looking at options history for Snowflake SNOW we detected 37 strange trades.

If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $617,057 and 26, calls, for a total amount of $2,372,528.

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 $115.0 to $200.0 for Snowflake over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $115.0 to $200.0 in the last 30 days.

Snowflake Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SNOW CALL TRADE BULLISH 08/19/22 $144.00 $374.1K 1.7K 1.3K
SNOW CALL TRADE BULLISH 08/19/22 $144.00 $348.0K 1.7K 1.1K
SNOW PUT SWEEP BEARISH 09/16/22 $170.00 $229.2K 441 189
SNOW CALL TRADE BULLISH 08/19/22 $144.00 $211.7K 1.7K 286
SNOW CALL SWEEP BULLISH 08/19/22 $144.00 $182.8K 1.7K 111

Where Is Snowflake Standing Right Now?

  • With a volume of 3,583,195, the price of SNOW is up 8.56% at $174.29.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 14 days.

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.

Posted In: BZI-UOAOptionsMarkets