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Barchart

Mark R. Hake, CFA

Unusual Call Options Activity in SNAP Stock - Investors Turning Bullish?

A Barchart report today shows unusually large volume in out-of-the-money (OTM) call options in SNAP Inc. (SNAP) stock. Could investors be turning bullish ahead of its Nov. 4 earnings release date?

SNAP is trading at $6.41 at midday on Monday, Oct. 12. It's been rising lately, up from a recent low of $5.22 on Sept. 28 and a three-month low of $4.35 on July 24. Investors and analysts are getting more positive on the social media company's prospects.

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