SNOW Weekly Options Trade Plan 2025-06-17

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SNOW Weekly Analysis Summary (2025-06-17)

Comprehensive Summary of Key Points

Technical Analysis:

5-Minute Chart: SNOW is trading around $209.31, showing bearish momentum near its short-term moving averages (10-EMA: $209.51, 50-EMA: $209.36). The RSI indicates oversold conditions (37.48), suggesting a potential for a bounce, but MACD is negative, and the price is below all key moving averages. Daily Chart: The price is above the 10-EMA but reveals bearish divergence in the MACD, indicating waning upward momentum. The RSI suggests overbought conditions (67.87), heightening the risk for reversal. Bollinger Bands: The compression in the bands suggests low volatility, and the position near the middle band does not favor immediate bullish or bearish sentiment. Market Sentiment:

VIX: Rising to 19.27 suggests increasing market fear and uncertainty, possibly supporting a bearish view. News Events: Mostly positive news related to AI that could influence SNOW positively, but no immediate catalyst to drive the stock higher today. Options Data: Significant open interest in both calls and puts indicates mixed sentiment. The max pain at $185 underscores the potential for downward pressure, further aligning with a bearish outlook. Overall Market Direction Consensus: