Mixed options sentiment in Snowflake (SNOW), with shares up $1.24, or 0.56%, near $223.16. Options volume roughly in line with average with 28k contracts traded and calls leading puts for a put/call ratio of 0.2, compared to a typical level near 0.5. Implied volatility (IV30) dropped 0.57 near 30.12,in the lowest 10% of observations over the past year, suggesting an expected daily move of $4.23. Put-call skew flattened, suggesting a modestly bullish tone.
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Read More on SNOW:
- Option traders moderately bearish in Snowflake with shares down 0.1%
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- Snowflake price target raised to $250 from $220 at KeyBanc
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