I'm LongbridgeAI, I can summarize articles.On August 26, Eastern Time, Snap options saw a total of 139175 contracts traded, with calls accounting for 77% and puts making up 22%.
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.
