---
title: "Trending | SNAP Plummets 8% on Wednesday, Some Put options Soar 400%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297121473.md"
description: "On August 26, Eastern Time, Snap options saw a total of 139175 contracts traded, with calls accounting for 77% and puts making up 22%."
datetime: "2026-08-27T04:10:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297121473.md)
  - [en](https://longbridge.com/en/news/297121473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297121473.md)
generator: "portal-rs"
---

# Trending | SNAP Plummets 8% on Wednesday, Some Put options Soar 400%

On August 26, Eastern Time, Snap options saw a total of 139175 contracts traded, with calls accounting for 77% and puts making up 22%.

Snap has 1402196 contracts outstanding, with calls accounting for 76% and puts making up 23%.

The top volume gainer was the 6 dollars Call option expiring on August 28, 2026, with 15152 contracts traded.

On the news front, SNAP rose to $5.92 Tuesday before dropping 8.4% to $5.42 Wednesday on 69.4M volume. This sharp reversal drove heavy hedging, with select put options surging 400% as traders priced in near-term downside risk.

Please note: The chart below does not include options expiring within five days.

![image](https://assets.lbctrl.com/h5hub/optrank/images/2026-08-27/ST_US_SNAP_en.png)

### Related Stocks

- [SNAP.US](https://longbridge.com/en/quote/SNAP.US.md)

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- [Snap Inc. (NYSE:SNAP) Receives Consensus Recommendation of "Hold" from Analysts](https://longbridge.com/en/news/299406437.md)
- [Snap Chief Accounting Officer Rebecca Morrow sells 20,000 shares worth $106,984 of Snap common stock](https://longbridge.com/en/news/298774931.md)
- [SPECS Make Computing More Human with New Experiences, Partnerships, and SPECS Intelligence | SNAP Stock News](https://longbridge.com/en/news/299244982.md)
- [Why Is Snap Stock Surging on Tuesday?](https://longbridge.com/en/news/299080369.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**