{
  "id": 14025485,
  "title": "Snap options activity shows heavy call buying at $8 strike",
  "url": "https://urgent.news/2026/10/12/snap-options-activity-shows-heavy-call-buying-at-8-strike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T18:57:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/snap-options-activity-shows-heavy-call-buying-at-8-strike-93CH-4945070"
  },
  "original_language": "en",
  "account": "Snap Inc (SNAP) shares are trading at $6.57, up 5.46% as of October 12, 2:55 PM EDT. The stock's 52-week range is between $3.81 and $9.13. Options volume reached 143,420 contracts on the day, with 85% of that activity consisting of calls, specifically 121,407 calls compared to 22,013 puts. This results in a call-to-put ratio of approximately 5.5 to 1. This elevated call volume suggests bullish market sentiment, following a 17.56% increase in shares over the past week and a 40.92% surge over the preceding three months.\n\nReports indicate a potential November 3, 2026 earnings date, with consensus projections estimating revenue at $1.73 billion and earnings per share (EPS) at $0.01. InvestingPro has assigned a fair value of $7.65 to the stock as of October 6, 2026, when it was trading at $5.66. The piece also highlights a reported $400 million deal for Perplexity distribution and Snap+ growth, noting that revenue is showing reacceleration, with a 12.6% increase as of June 30, 2026.\n\nHowever, a $8 strike option would require a roughly 22% increase by December 18 to be profitable, and the high implied volatility makes holding such options costly. This report was AI-generated and reviewed by an editor.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}