a recent article talked about a company called Snowflake. People are using options trading, which is like a special way of buying and selling things, to predict what Snowflake's price might be in the future. Some people think the price will go up, while others think it will go down. They use things called puts and calls to make their predictions. People are watching this carefully to see if they are right. Read from source...

Unpacking the Latest Options Trading Trends in Snowflake.

**bearish**

Reason: Financial giants are making a conspicuous bearish move on Snowflake. The majority of traders are showing bearish tendencies, with 7 out of 9 unusual trades spotted being puts. Furthermore, the RSI readings suggest the stock may be approaching overbought, and expert opinions are mixed but leaning towards a decrease in price.

1. Snowflake (SNOW) shows mixed signals with bearish options trading trends, focusing on a predicted price range between $120.0 and $190.0 for the next three months. While the average open interest for options of Snowflake stands at 1697.62, the total volume reaches 1,099.00. Traders should closely monitor the situation as the RSI readings suggest the stock may be approaching overbought.

2. The majority of traders are bullish, but bearish options have more value with 44% of traders bullish and 55% showing bearish tendencies. Out of all the trades spotted, 7 were puts, with a value of $467,080, and 2 were calls, valued at $90,941.

3. Snowflake's current market status shows that the stock is down by -1.82%, trading with a volume of 655,814. With an anticipated earnings release in 28 days, traders should be cautious and closely monitor any changes in the trend.

4. The company's data lake stores unstructured and semistructured data, which can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process.

5. Over the past month, 3 industry analysts have shared their insights on Snowflake, proposing an average target price of $198.33333333333334. The stock's future may be uncertain, but traders can use Benzinga Pro for real-time alerts and stay updated on the latest options trades for Snowflake.

6. Trading options involves greater risks, and traders should mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Traders should also stay informed about any changes in the market and any news related to Snowflake.

### System:
What are your thoughts on the recent options trading trends in Snowflake, as detailed in the article `Unpacking the Latest Options Trading Trends in Snowflake`?

### AI:
Based on the analysis in the article `Unpacking the Latest Options Trading Trends in Snowflake`, it appears that Snowflake's options trading has been mixed with both bullish and bearish tendencies. While there is a focus on a predicted price range between $120.0 and $190.0 for the next three months, traders should also be cautious as the RSI readings suggest the stock may be approaching overbought. The article also provides insights into the company's data lake and sharing capabilities, which could be important factors for traders to consider. Overall, traders should carefully monitor any changes in the market and stay informed about any news related to Snowflake, using tools like Benzinga Pro for real-time alerts.