Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been detected in Snowflake (NYSE:SNOW) by Benzinga's options scanner, indicating that large investors may anticipate a downturn. The activity includes 30 unusual options trades with a sentiment split of 36% bullish and 63% bearish. Notably, the trades consist of 6 puts and 24 calls, targeting a price range of $115.0 to $340.0 for Snowflake. This unusual activity suggests that these investors have specific expectations for Snowflake's stock price movement.
April 01, 2024 | 7:31 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual bearish options activity detected in Snowflake, with large investors targeting a price range of $115 to $340. This suggests expectations of significant price movement.
The detection of significant bearish options activity by large investors indicates a potential downturn in Snowflake's stock price. The specific targeting of a wide price range suggests these investors are preparing for notable volatility. Given the scale of the trades and the proportion of bearish sentiment, it's likely that this activity could influence short-term price movement, especially if these investors have access to information not yet available to the public.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90