Snowflake Inc. SNOW – Options Review
In yesterday morning’s premarket report, there was a clear standout among our options ideas of the day. We had tagged the SNOW Weekly $247.50-250 Calls for observation following the company’s earnings drop. It was a release with mixed results, but that didn’t stop traders from pushing the stock as high as 279.45 on the session.
SNOW’s intraday move facilitated some fantastic numbers in our designated targets. The total possible gains were in the eight-bagger range, and were as follows:
SNOW Weekly $247.50-250 Calls
$247.50: 3.40-32.64 (+860%)
$250: 3.07-29.39 (+857%)
Fresh Options Ideas*:
COST Weekly $320-315 Puts
AVGO Weekly $445-447.50 Calls
GPS Weekly $25.50-26.50 Calls
SPY Weekly $379-380 Calls
*Please do not attempt to trade options with a weekly expiration on Friday unless you are an advanced level trader with access to disposable funds!
For The Earth Corp. FTEG
FTEG is a CBD play traded on the OTC that we tagged in yesterday morning’s extended watchlist, after noticing two of the company’s overdue reports were filed for the previous two quarters. FTEG is currently working toward coming current, and that represents progress toward that end, so that’s something we’re going to want to keep an eye on.
Whenever a defunct OTC stock goes current, the attention it brings can often drive some serious moves. We’ve witnessed many subpenny runners of late, and FTEG could get its chance, so we’re going to want to monitor this one closely over a longer period of time.
GRLF, INND, SANP, VPER, FORW, NSAV