Option traders moderately bearish in Snowflake (SNOW), with shares down $1.39 near $210.60. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.78, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.1 points near 33.03,in the lowest 10% of observations over the past year, suggesting an expected daily move of $4.38. Put-call skew steepened, indicating increased demand for downside protection.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Nice price target raised to $195 from $185 at DA Davidson
- Snowflake initiated with an Outperform at CICC
- Intapp announces collaboration with Snowflake for analytics, industry insights
- AI Daily: Meta said to pay Scale AI at least $450M per year for five years
- Snowflake, Acxiom partner on AI-powered marketing data infrastructure