Snowflake Option Action On A Friday Morning.

Here is it's story.

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What a move it had yesterday followed by another upward move on the opening this morning. Here is how the D.J.I.A is trading at 10:45 a.m.

Are the Calls or the Puts going to win on the day?

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Notice the open interest in the Calls far exceeds the action in the Puts. That's almost always the way it is. What do you think is going to happen? Now this, a one day chart showing all of the action on the day.

At 3:00 p.m., the deadline time period to get out the stock was trading at $252.15. Timing is everything. Anyone purchasing the 250 series of Calls around 12:30 p.m. when the stock as at $245.45 would have done wonderfully well.