Financial giants have made a conspicuous bullish move on Snap. Our analysis of options history for Snap SNAP revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $115,555, and 7 were calls, valued at $281,784.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $16.0 for Snap during the past quarter.
Volume & Open Interest Trends
In today’s trading context, the average open interest for options of Snap stands at 3961.57, with a total volume reaching 5,006.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Snap, situated within the strike price corridor from $10.0 to $16.0, throughout the last 30 days.
Snap 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNAP | PUT | TRADE | BULLISH | 11/08/24 | $1.24 | $1.21 | $1.21 | $11.00 | $84.7K | 171 | 1.0K |
| SNAP | CALL | SWEEP | BULLISH | 09/19/25 | $3.4 | $3.3 | $3.35 | $10.00 | $63.6K | 10 | 191 |
| SNAP | CALL | TRADE | BULLISH | 06/20/25 | $1.87 | $1.86 | $1.87 | $13.00 | $46.7K | 423 | 265 |
| SNAP | CALL | SWEEP | BULLISH | 11/15/24 | $0.34 | $0.32 | $0.34 | $15.00 | $42.5K | 12.8K | 1.2K |
| SNAP | CALL | SWEEP | BEARISH | 01/16/26 | $3.15 | $3.05 | $3.08 | $12.00 | $38.8K | 4.2K | 127 |
About Snap
Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
Current Position of Snap
- With a trading volume of 11,729,707, the price of SNAP is up by 0.23%, reaching $11.07.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 14 days from now.
Unusual Options Activity Detected: Smart Money on the Move
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Snap options trades with real-time alerts from Benzinga Pro.
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