Deep-pocketed investors have shown a bullish sentiment towards Snap Inc. (NYSE:SNAP), with a significant surge in options activity reported by Benzinga. The activity includes 10 notable options trades, with 60% being bullish and 40% bearish, targeting a price range of $9.0 to $17.0 for SNAP over the next three months. The largest trades include both puts and calls, with the most significant being a bearish put for a strike price of $15.00. Snap, known for its social networking app Snapchat, has over 400 million daily active users and generates most of its revenue from advertising. The current market standing of SNAP shows a slight decrease in price, with an RSI indicating a neutral position and an earnings announcement expected in 24 days.