SNOWSnowflake Inc.
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $52.1B|NYSE
● 2026-05-15$150.76
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -17.6%YTD -30.4%7D -1.1%
Options Vol
47,837
30D
Implied Move
±27.8%
IV Rank
65%
SNOW Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 83.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.41x — IV premium over HV
Sector Relative≤50%
Sector percentile 65% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 75.8% — normal range
Spread-Adjusted Value
<80%Effective IV 89.5% (ATM 75.8% + spread 6.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 10.71% (spread 6.87% + slippage 3.84%) — high friction
Vega Efficiency
≥5.0Vega efficiency 83.83 (vega 57.590 / spread 6.87%) — efficient
Sentiment
Bullish or bearish?
6.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -4%, Raw: -9%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -4% (neutral) — Raw: -9%
OI Skew Magnitude
≥15%|OI skew| 13.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +49.8%, OI skew +13.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +1%, ATM: +22%, OTM: -17% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 48% — neutral vs sector
Activity
Unusual activity?
4.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 7.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +7.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 71% — active vs sector
Trade Quality
≥30%Large trade volume 9% — mostly retail
Execution Urgency
≥60%Aggressive execution 38% — patient
Flow Conviction
≥30Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 6.9% — wide
Adequate OI
≥10,000OI 608,469 — deep
Active Volume
≥500Volume 47,837/day — active
Reasonable Cost
≤$0.50$0.34 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 81% — much wider than sector
Order Book Depth
≥100 contractsDepth 144.8 contracts (bid:65.8 ask:79.0) — adequate
Execution Quality
<1.0%Avg slippage 3.84% — poor
Timing
Is now a good time?
6.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 83% — seller opportunity
Event Detection
≥10pts kinkIV kink -10.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1052.84 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -4% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 39 (ITM 20% + inst 9%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.2
bullishIV expensive, bullish flow
Long Puts4.2
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV rich premium, bullish flow
Covered Call5.3
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.