Smart Money Is Betting Big In SNOW Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on Snowflake (NYSE:SNOW) with 66% of recent options trades being bearish. The trading activity suggests a price range of $85 to $165 for SNOW in the coming months. Current trading volume is 518,636 with a price increase of 1.53% to $116.68.
October 25, 2024 | 2:30 pm
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Whales are predominantly bearish on Snowflake with 66% of options trades reflecting this sentiment. The expected price range is $85 to $165, indicating potential volatility. Current trading volume is high, and the stock price has increased by 1.53% to $116.68.
The article highlights a significant bearish sentiment among large investors in Snowflake's options market, with 66% of trades being bearish. This suggests a potential downward pressure on the stock price. The expected price range of $85 to $165 indicates possible volatility. Despite the bearish sentiment, the stock price has recently increased by 1.53%, which may be a short-term fluctuation. The high trading volume further supports the potential for significant price movements.
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IMPORTANCE 80
RELEVANCE 100