Snowflake Uncommon Choices Exercise – Snowflake (NYSE:SNOW)


Buyers with some huge cash to spend have taken a bearish stance on Snowflake SNOW.

And retail merchants ought to know.

We seen this as we speak when the trades confirmed up on publicly out there choices historical past that we monitor right here at Benzinga.

Whether or not these are establishments or simply rich people, we do not know. However when one thing this huge occurs with SNOW, it typically means any individual is aware of one thing is about to occur.

So how do we all know what these buyers simply did?

At this time, Benzinga‘s choices scanner noticed 30 unusual choices trades for Snowflake.

This is not regular.

The general sentiment of those big-money merchants is break up between 36% bullish and 63%, bearish.

Out of all the particular choices we uncovered, 6 are places, for a complete quantity of $328,475, and 24 are calls, for a complete quantity of $2,378,849.

Projected Value Targets

Taking into consideration the Quantity and Open Curiosity on these contracts, it seems that whales have been concentrating on a worth vary from $115.0 to $340.0 for Snowflake during the last 3 months.

Quantity & Open Curiosity Improvement

Wanting on the quantity and open curiosity is an insightful technique to conduct due diligence on a inventory.

This knowledge will help you monitor the liquidity and curiosity for Snowflake’s choices for a given strike worth.

Under, we are able to observe the evolution of the amount and open curiosity of calls and places, respectively, for all of Snowflake’s whale exercise inside a strike worth vary from $115.0 to $340.0 within the final 30 days.

Snowflake Possibility Exercise Evaluation: Final 30 Days

Important Choices Trades Detected:

Image PUT/CALL Commerce Sort Sentiment Exp. Date Ask Bid Value Strike Value Whole Commerce Value Open Curiosity Quantity
SNOW CALL SWEEP BULLISH 04/19/24 $6.0 $5.8 $6.0 $162.50 $332.9K 1.7K 58
SNOW CALL SWEEP BEARISH 06/21/24 $15.9 $15.8 $15.8 $160.00 $276.5K 3.8K 220
SNOW CALL TRADE BULLISH 09/20/24 $23.3 $22.75 $23.32 $160.00 $233.2K 427 313
SNOW CALL TRADE BULLISH 09/20/24 $22.8 $22.8 $22.8 $160.00 $228.0K 427 101
SNOW CALL SWEEP BEARISH 06/21/24 $4.25 $4.2 $4.2 $200.00 $165.9K 8.1K 1.2K

About Snowflake

Based in 2012, Snowflake is a knowledge lake, warehousing, and sharing firm that got here public in 2020. So far, the corporate has over 3,000 clients, together with practically 30% of the Fortune 500 as its clients. Snowflake’s knowledge lake shops unstructured and semistructured knowledge that may then be utilized in analytics to create insights saved in its knowledge warehouse. Snowflake’s knowledge sharing functionality permits enterprises to simply purchase and ingest knowledge nearly instantaneously in contrast with a historically months-long course of. Total, the corporate is understood for the truth that all of its knowledge options that may be hosted on numerous public clouds.

Present Place of Snowflake

  • With a buying and selling quantity of two,858,769, the worth of SNOW is up by 0.25%, reaching $162.0.
  • Present RSI values point out that the inventory is is at present impartial between overbought and oversold.
  • Subsequent earnings report is scheduled for 51 days from now.

Buying and selling choices includes better dangers but additionally provides the potential for larger income. Savvy merchants mitigate these dangers by ongoing schooling, strategic commerce changes, using numerous indicators, and staying attuned to market dynamics. Sustain with the most recent choices trades for Snowflake with Benzinga Professional for real-time alerts.

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