Snap (NYSE:SNAP) – What Whales Are Doing With Snap – Benzinga | Jewelry Dukan

A whale with plenty of money to spend has adopted a noticeably bearish stance snap.

View options history for Snap SNAP We discovered 39 strange trades.

If we look at the specifics of each trade, it is correct to note that 38% of investors opened trades with bullish expectations and 61% with bearish expectations.

Of the total trades detected, 19 are puts for a total of $2,232,840 and 20 are calls for a total of $1,692,181.

What is the course objective?

Considering the volume and open interest in these contracts, it appears that whales have been targeting a price range of $1.0 to $75.0 for Snap over the past 3 months.

Volume and open interest development

Looking at volume and open interest is a powerful move when trading options. This data can help you track liquidity and interest in Snap’s options at a given strike price. Below we can see the evolution of volume and call/put open interest for all Snap whale trades within a strike price range of $1.0 to $75.0 over the last 30 days.

Snap option volume and open interest over the last 30 days

Biggest options discovered:









symbol PUT/CALL commercial type feeling Ext. date exercise price total commercial price open interest volume
SNAP PLACE SWEEP BEARY 01/20/23 $65.00 $317,700 4.5K 1.4K
SNAP CALL SWEEP BEARY 11/18/22 $12.00 $317,100 9.1K 4.5K
SNAP CALL SWEEP BEARY 11/18/22 $12.00 $266,000 9.1K 711
SNAP CALL SWEEP BULLISH 09/16/22 $1.00 $214,000 77 201
SNAP PLACE SWEEP NEUTRAL 01/20/23 $32.00 $201,000 29.1K 350









symbol PUT/CALL commercial type feeling Ext. date exercise price total commercial price open interest volume
SNAP PLACE SWEEP BEARY 01/20/23 $65.00 $317,700 4.5K 1.4K
SNAP CALL SWEEP BEARY 11/18/22 $12.00 $317,100 9.1K 4.5K
SNAP CALL SWEEP BEARY 11/18/22 $12.00 $266,000 9.1K 711
SNAP CALL SWEEP BULLISH 09/16/22 $1.00 $214,000 77 201
SNAP PLACE SWEEP NEUTRAL 01/20/23 $32.00 $201,000 29.1K 350

Where is Snap right now?

  • With a volume of 34,756,641, the price of SNAP is up 3.29% to $11.9.
  • RSI indicators are suggesting that the underlying stock is currently neutral between overbought and oversold.
  • The next earnings are expected to be released in 35 days.

What the experts say about Snap:

  • Evercore ISI Group has decided to maintain its in-line rating on Snap, which currently has a price target of $17.
  • Citigroup downgraded its action to Neutral with a price target of $10
  • Rosenblatt has decided to maintain its neutral rating on Snap, which currently has a price target of $10.
  • Rosenblatt has decided to maintain its neutral rating on Snap, which currently has a price target of $11.
  • Benchmark has decided to keep its Buy rating on Snap, which currently has a price target of $12.

Options are a riskier asset compared to pure stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.

If you want to keep up to date with the latest options trades for Snap, Benzinga Pro gives you real-time options trading alerts.

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