SNOW Forecast + Trading Strategies


Bullish Case: Snowflake is positioned to benefit from rising demand in AI and data analytics. New partnerships and robust data platform integrations with companies like Normalyze enhance its competitive edge.


Bearish Case: Recent data breaches linked to Snowflake might damage customer trust and lead to potential legal ramifications. Additionally, insider sales may signal lack of confidence among key stakeholders.


Potential Outcomes:

1. Continued technical innovation and partnerships (55%)

2. Stock negatively impacted by data breaches and legal issues (35%)

3. Neutral performance balancing growth and risks (10%)


Trading Oracle: Deploy a bullish short volatility strategy using bull put spreads. Sell $126 puts, buy $124 puts, expiration ~10 days, high profit probability (75%), positive edge ($6). Maintain a bullish outlook with controlled risk.


July 17, 2024


Snowflake Forecast

SNOW      Snowflake











Correlated Assets

Assets that tend to move strongly with SNOW



DT Forecast + Options Trading Strategies   DT  Dynatrace (0.86)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (0.83)


IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.81)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (0.79)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (0.79)



Uncorrelated Assets

Assets with little price relationship to SNOW



CPRT Forecast + Options Trading Strategies   CPRT  Copart (0.0)


CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.0)


MTTR Forecast + Options Trading Strategies   MTTR  Matterport (-0.0)


R Forecast + Options Trading Strategies   R  Ryder System (0.0)


HRB Forecast + Options Trading Strategies   HRB  H&R Block (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SNOW



NFG Forecast + Options Trading Strategies   NFG  National Fuel Gas (-0.72)


AR Forecast + Options Trading Strategies   AR  Antero Resources (-0.76)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.76)


SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.76)


MRO Forecast + Options Trading Strategies   MRO  Marathon Oil (-0.8)





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