Financial giants have made a conspicuous bullish move on Snap. Our analysis of options history for Snap (NYSE:SNAP) revealed 18 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $111,219, and 16 were calls, valued at $630,354.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $20.0 for Snap, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Snap's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Snap's whale activity within a strike price range from $5.0 to $20.0 in the last 30 days.
Snap Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNAP | CALL | SWEEP | BEARISH | 02/20/26 | $0.51 | $0.48 | $0.48 | $7.50 | $62.5K | 7.6K | 1.5K |
| SNAP | PUT | TRADE | NEUTRAL | 02/20/26 | $0.59 | $0.57 | $0.58 | $7.00 | $58.0K | 12.5K | 6.7K |
| SNAP | CALL | TRADE | BEARISH | 01/15/27 | $0.24 | $0.22 | $0.22 | $20.00 | $55.0K | 41.0K | 2.6K |
| SNAP | PUT | SWEEP | BULLISH | 02/06/26 | $1.18 | $1.17 | $1.17 | $8.00 | $53.2K | 1.9K | 680 |
| SNAP | CALL | TRADE | BEARISH | 01/15/27 | $1.07 | $1.03 | $1.04 | $10.00 | $52.0K | 57.5K | 1.5K |
About Snap
Snap is a technology company best known for its marquis social media application. Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.
In light of the recent options history for Snap, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Snap's Current Market Status
- With a volume of 27,374,929, the price of SNAP is down -3.11% at $7.01.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 5 days.
What The Experts Say On Snap
In the last month, 4 experts released ratings on this stock with an average target price of $9.25.
- An analyst from UBS has decided to maintain their Neutral rating on Snap, which currently sits at a price target of $9.
- An analyst from Roth Capital has decided to maintain their Neutral rating on Snap, which currently sits at a price target of $10.
- An analyst from Goldman Sachs persists with their Neutral rating on Snap, maintaining a target price of $8.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Snap, which currently sits at a price target of $9.
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.
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