Snap's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Snap (NYSE:SNAP) based on recent options data from Benzinga. The majority of the options transactions identified were puts, indicating a negative sentiment. The price range focus is between $15.0 and $15.5. Snap's stock is currently neutral with an RSI indicator and is trading at $14.57.
July 19, 2024 | 1:46 pm
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Investors have taken a predominantly bearish position on Snap (NYSE:SNAP) based on recent options data. The majority of the transactions were puts, indicating a negative sentiment. The stock is currently trading at $14.57 with a neutral RSI indicator.
The majority of the options transactions identified were puts, indicating a negative sentiment among large-scale traders. This bearish stance suggests that investors expect the stock price to decline in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100