Unpacking the Latest Options Trading Trends in Snowflake
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Snowflake (NYSE:SNOW) show a bearish stance by major investors, with 54% of trades being bearish and 45% bullish. The trading volume and open interest analysis suggest a focus on a price range between $185.0 and $222.5. The largest trades include both bullish and bearish sentiments, with significant amounts invested in calls and puts. Snowflake, a data warehousing company, has seen its stock price decrease by -3.17% to $213.11, with analysts giving mixed reviews and target prices ranging from $214 to $265. The company's next earnings are expected in 7 days.
February 21, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Snowflake's bearish options trading trend and analyst mixed reviews suggest a volatile short-term outlook. The stock recently dipped to $213.11, with earnings expected soon and target prices ranging from $214 to $265.
The bearish options trading trend indicates investor skepticism, potentially impacting short-term stock performance. However, the mixed analyst ratings and the upcoming earnings report create uncertainty, making the short-term impact neutral. The importance is high due to the direct correlation between options trading sentiment, analyst ratings, and the company's stock price. Confidence in this analysis is based on the detailed options trading data and analyst opinions provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100