Behind the Scenes of Snowflake's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Snowflake (NYSE:SNOW) shows a significant interest from large investors, with a mix of bullish and bearish sentiments. The options trades indicate a targeted price range of $85 to $160. Snowflake's stock is currently up by 5.33% at $119.58, with RSI suggesting it may be approaching overbought territory.
October 09, 2024 | 4:45 pm
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Snowflake has seen unusual options activity with 32 significant trades, indicating a mix of bullish and bearish sentiments. The stock is currently up 5.33% at $119.58, with a potential price range of $85 to $160 being targeted by large investors.
The significant options activity suggests that large investors are taking positions in Snowflake, indicating potential future price movements. The stock's current increase and the targeted price range suggest a bullish short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100