Whales with a lot of money to spend have taken a noticeably bearish stance on Snap.
Looking at options history for Snap SNAP we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $1,528,132 and 14, calls, for a total amount of $1,017,872.
What’s The Price Target?
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $7.0 and $20.0 for Snap, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Snap options trades today is 4064.27 with a total volume of 27,788.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Snap’s big money trades within a strike price range of $7.0 to $20.0 over 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 | PUT | SWEEP | BEARISH | 01/15/27 | $8.8 | $8.75 | $8.8 | $17.00 | $785.8K | 83 | 1.6K |
| SNAP | PUT | SWEEP | BEARISH | 01/15/27 | $8.85 | $8.7 | $8.8 | $17.00 | $460.2K | 83 | 523 |
| SNAP | CALL | SWEEP | BEARISH | 01/15/27 | $1.39 | $1.34 | $1.34 | $15.00 | $260.8K | 6.5K | 2.0K |
| SNAP | PUT | SWEEP | BEARISH | 01/15/27 | $8.85 | $8.75 | $8.8 | $17.00 | $136.4K | 83 | 781 |
| SNAP | CALL | SWEEP | BEARISH | 01/15/27 | $1.39 | $1.34 | $1.34 | $15.00 | $134.0K | 6.5K | 3.0K |
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
- Trading volume stands at 36,798,619, with SNAP’s price up by 1.12%, positioned at $8.54.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 87 days.
Expert Opinions on Snap
In the last month, 5 experts released ratings on this stock with an average target price of $9.6.
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* An analyst from Goldman Sachs persists with their Neutral rating on Snap, maintaining a target price of $9.
* Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Snap with a target price of $10.
* An analyst from Citigroup persists with their Neutral rating on Snap, maintaining a target price of $8.
* An analyst from Piper Sandler persists with their Neutral rating on Snap, maintaining a target price of $10.
* An analyst from Canaccord Genuity persists with their Hold rating on Snap, maintaining a target price of $10.
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