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Barchart
Mark R. Hake, CFA

Investors Short Snowflake Inc. Puts Options In Huge Volume - For a 10% Yield Over 1.3 Years Out

SNOW Snowflake Snowflake Inc TTM

Investors have shorted a huge volume of Snowflake, Inc. (SNOW) put options that expire at the end of 2027 at a strike price 50% below today's price. They gain a 10% yield for 1.37 years away - a very bullish play in SNOW stock.

SNOW is trading at $316.98 today, ahead of earnings due on Sept. 2. The stock has been steadily moving higher as the chart below shows.

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