Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week, I would consider purchasing the 160usd strike price Puts with an expiration date of 2024-9-20, for a premium of approximately $16.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trading ditutup: target tercapai
SNOW traded at $124.70 last friday, and the Puts went up from $16.10 (when I wrote this article) to $34.50 at the market close (even higher intraday), for about 2.14X gain!
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