Major Investors Express Bearish Outlook on Snowflake (SNOW)
Institutional investors or wealthy individuals have been placing significant bets against Snowflake (SNOW) through options trades, indicating growing bearish sentiment towards the company. Analysis of recently detected trades reveals that 81% of these large-scale trades are bearish, while only 18% are bullish.
This negative outlook is reflected in the substantial volume of put options (bearish contracts) being purchased, amounting to $253,126, compared to $1,012,366 in call options (bullish contracts). The projected price targets for SNOW, based on the analysis of contract volume and open interest, range from $115.0 to $190.0.
In terms of specific trades, notable transactions include a $440,500 call sweep with a neutral sentiment, a $203,000 call trade with a bearish sentiment, and a $103,200 put sweep with a bearish sentiment. These trades suggest that the market may be anticipating a potential decline in SNOW’s stock price.
Traders and investors should be aware of these major investor bets and consider their implications for SNOW’s future performance. By monitoring these significant trades and staying informed about market dynamics, savvy traders can make informed decisions and potentially mitigate risks in their own trading strategies.
