The call volume is twice the average intraday amount

Cloud computing name Snowflake Inc (NYSE: SNOW) is higher today, rising 0.4% to trade at $ 235.35 this afternoon. While a catalyst for positive price action is still unclear, the stock has recently rebounded from its low of $ 205.07 and regained support at the 20-day moving average. This comes after several Carry gaps knocked SNOW off an all-time high of $ 429 on December 8, which is more than three times its initial public offering (IPO).

SNOW 20 days

Option bulls are busting equity today and the calls run twice beyond what is normally seen right now. In particular, security has seen 59,000 calls and over 8,000 puts cross the tape. The most popular contract …



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