Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Snowflake (NYSE:SNOW), with a mix of bullish and bearish expectations. The majority of investors (53%) opened trades with bullish expectations, while 46% were bearish. The total amount for puts was $340,973 and for calls was $226,701. Whales have been targeting a price range from $148.0 to $190.0 for Snowflake over the last 3 months. Mizuho and HSBC have both downgraded their action to Buy with price targets of $180 and $201 respectively.
October 09, 2023 | 2:31 pm
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Snowflake has seen significant unusual options activity, indicating increased investor interest. The mixed sentiment and price targets from Mizuho and HSBC suggest uncertainty.
The unusual options activity indicates increased investor interest in Snowflake. However, the mixed sentiment among investors and the downgrades from Mizuho and HSBC to Buy with different price targets suggest uncertainty about the stock's future performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100