Snap Options See Surge as Traders Bet on Potential Stock Rally
Shares of Snap Inc. have risen nearly 20% this month, prompting a surge in call options trading among traders who believe the stock could see further gains before year-end. After falling to $3.81 from over $80 during its peak in 2021 and remaining below $10 since July 2025, renewed interest is being driven by excitement around Meta Platforms' AI developments. On Monday alone, nearly 140,000 options were traded on Snap, with the vast majority—about 64,000—being call options. The most active contract was the $8 strike price call expiring December 18, which requires a 30% stock rally to become profitable. Blue Duck Capital has also urged Snap's board to raise capital for its AR 'Specs' glasses product line, suggesting it could support a share price of up to $14. The increased options activity reflects positive sentiment and directional bias according to market data from Cboe LiveVol and Barchart.
Topics: Snap Inc. social media stocks stock options trader sentiment