Options traders are betting on a 30% rally in Snap shares after a surge in call option volume, though the stock remains far below its highs.
01Summary
- 01Snap shares are up almost 20% in November 2025, trading under $10 since July 2025 after falling from a high of over $80 in 2021.
- 02Nearly 140,000 options on Snap traded on Monday, more than four times the month-long average, with 64,000 likely buyer-initiated call trades.
- 03The most popular contract was the 8-strike call expiring December 18, costing about 37 cents and requiring a 30% rally to pay off.
- 04Shareholder Blue Duck Capital urged Snap's board to raise dedicated capital for its augmented-reality glasses, suggesting a $12-$14 share price.
02Why it matters
This surge in options activity signals a speculative bet on a sharp rebound in Snap, which could affect the stock's short-term price and draw attention to the company's struggling business.
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