Looking to long $SNOW into the 350-360 range off of this falling wedge/inverse head and shoulder combo.
Notable order flow supporting this idea is:
**all 2/19/21 expiration**
$400C $585k sweep
$335C $1.6M sweep
$330C $1.4M Sweep
*1/29/21 expiration**
$355C $104k block
$380C $270k block
Safer play would be selling puts on this. Possibly 2/12/21 $285P for ~$1800 in premium. 6% cash on collateral return for 1 month hold. Breakeven at $267 a share
Notable order flow supporting this idea is:
**all 2/19/21 expiration**
$400C $585k sweep
$335C $1.6M sweep
$330C $1.4M Sweep
*1/29/21 expiration**
$355C $104k block
$380C $270k block
Safer play would be selling puts on this. Possibly 2/12/21 $285P for ~$1800 in premium. 6% cash on collateral return for 1 month hold. Breakeven at $267 a share