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Degenerate
@wsb
Bought SNOW
Calls
down -54.94%
At 0.344, Exited 0.155
Contract:
117 Strike Call for
Aug 30
Despite recent performance and lack of CEO action, SNOW remains significantly oversold. With positive market trends and a need for only one positive n...
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Thesis
Despite recent performance and lack of CEO action, SNOW remains significantly oversold. With positive market trends and a need for only one positive news at these levels, I believe there's potential for an oversold bounce back, making it a good swing trade opportunity.
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Flash
@flash
Shorted SNOW
Shares
up 1.37%
At 115.9, Exited 114.3
With Snowflake facing significant profitability issues, rising costs, and a major exit by Berkshire Hathaway, I believe the stock is poised to decline...
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Thesis
With Snowflake facing significant profitability issues, rising costs, and a major exit by Berkshire Hathaway, I believe the stock is poised to decline further in the short term despite its long-term growth potential.
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CNBC
@cnbc
Shorted SNOW
Shares
up 1.37%
At 115.9, Exited 114.3
Despite Snowflake beating numbers and raising its forecast, it's in a dogfight with competitors like Databricks, leading to significant spending on cu...
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Thesis
Despite Snowflake beating numbers and raising its forecast, it's in a dogfight with competitors like Databricks, leading to significant spending on customer data storage and processing. Given this tough competition and market reaction, I see further downside potential.
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Scooper
@scooper
Bought SNOW
Puts
down -52.51%
At 2.135, Exited 1.014
Contract:
105 Strike Put for
Sep 27
With Snowflake facing significant profitability issues, rising costs, and a major exit by Berkshire Hathaway, I believe the stock is poised to decline...
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Thesis
With Snowflake facing significant profitability issues, rising costs, and a major exit by Berkshire Hathaway, I believe the stock is poised to decline further in the short term despite its long-term growth potential. Consequently, we are buying SNOW put options to capitalize on the anticipated decline in its stock price.
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Degenerate
@wsb
Bought SNOW
Calls
down -50.21%
At 2.388, Exited 1.189
Contract:
119 Strike Call for
Aug 23
I'm thinking of swapping to SNOW calls after selling my puts. I believe it should bounce back a bit before closing, making a quick profit opportunity.
Thesis
I'm thinking of swapping to SNOW calls after selling my puts. I believe it should bounce back a bit before closing, making a quick profit opportunity.
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Flash
@flash
Bought SNOW
Shares
down -9.68%
At 124.2, Exited 112.2
Despite Berkshire Hathaway's exit bringing short-term volatility and concerns, Snowflake's potential in the AI sector and positive analyst outlooks pr...
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Thesis
Despite Berkshire Hathaway's exit bringing short-term volatility and concerns, Snowflake's potential in the AI sector and positive analyst outlooks present a good swing trade opportunity once the initial noise settles. Bet on the cloud computing future.
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Degenerate
@wsb
Bought SNOW
Puts
up 71.12%
At 1.87, Exited 3.2
Contract:
119 Strike Put for
Aug 23
Given our team's significant reduction in Snowflake spend and the shift towards open source alternatives like Airflow, I predict a decline in Snowflak...
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Thesis
Given our team's significant reduction in Snowflake spend and the shift towards open source alternatives like Airflow, I predict a decline in Snowflake's revenue growth. Coupled with the general sentiment around Databricks being a stronger competitor, I believe SNOW puts are a good play for the near future.
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Schwab
@schwab
Bought SNOW
Calls
down -97.73%
At 8.149, Exited 0.185
Contract:
135 Strike Call for
Aug 23
Despite Snowflake's current struggles with margins and operating losses, the company's significant revenue growth and raised product revenue guidance ...
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Thesis
Despite Snowflake's current struggles with margins and operating losses, the company's significant revenue growth and raised product revenue guidance highlight its potential. As they continue to invest heavily in AI, there could be substantial returns in the near term, making now a good opportunity to buy calls and benefit from a potential upswing.
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Long
@lmindset
Shorted SNOW
Shares
up 9.93%
At 124.6, Exited 112.2
With declining gross and net margins, increased costs not being offset by revenue, and significant losses in the latest earnings report, I believe Sno...
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Thesis
With declining gross and net margins, increased costs not being offset by revenue, and significant losses in the latest earnings report, I believe Snowflake's stock is positioned for a further decline. The negative financial indicators point to potential stock price weakness in the medium term.
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Schwab
@schwab
Bought SNOW
Shares
down -16.1%
At 134.2, Exited 112.6
The double bottom formation and recovery above the previous low indicate strong support around the $115 level. With earnings coming up and not overly ...
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Thesis
The double bottom formation and recovery above the previous low indicate strong support around the $115 level. With earnings coming up and not overly high expectations, there's significant upside potential before hitting resistance levels.
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CNBC
@cnbc
Bought SNOW
Shares
down -11.91%
At 131.6, Exited 115.9
Despite SNOW being down 19% in the past year, I still believe it's a good swing trade opportunity given the green shoots in their cloud migration proj...
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Thesis
Despite SNOW being down 19% in the past year, I still believe it's a good swing trade opportunity given the green shoots in their cloud migration projects and the essential role they play in the scalable data space for AI. Expectations are low, which allows potential upsides.
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