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Snowflake Unusual Options Activity - Snowflake (NYSE:SNOW)
Benzingaยท 2025-09-16 20:01
Core Insights - Whales have adopted a bullish stance on Snowflake, with 47% of trades reflecting bullish expectations and 37% bearish [1] - The projected price targets for Snowflake range from $150.0 to $300.0, indicating significant interest from large investors [2] - Analysts have a consensus target price of $268.0 for Snowflake, with individual targets ranging from $250.0 to $285.0 [10][11] Options Trading Activity - A total of 70 options trades were detected for Snowflake, with 21 puts totaling $1,133,777 and 49 calls totaling $3,749,796 [1] - Noteworthy options activity includes a bearish call trade with a total price of $1.0 million at a strike price of $175.00 and a bullish call trade priced at $226.0K with a strike price of $220.00 [8] - The volume and open interest data for Snowflake's options indicate a strong liquidity and interest in the $150.0 to $300.0 strike price range over the last 30 days [3] Company Overview - Snowflake, founded in 2012, is a cloud-native platform that consolidates data across public clouds for analytics and governance [9] - The company's products support various use cases, including business analytics, data engineering, and artificial intelligence, and are widely used by Fortune 2000 companies [10] - The stock price of Snowflake is currently at $216.13, down 4.28%, with upcoming earnings expected in 64 days [13]