I believe Snowflake will stick within its current downtrend channels until earnings date. Trend is down, and RSI / Volatility is settling.
I'm selling a Dec02 170 CALL option covered by my position which I hope to expire worthless on the Friday before earnings .
After earnings , I expect stock to rally outside the channels.
I'm selling a Dec02 170 CALL option covered by my position which I hope to expire worthless on the Friday before earnings .
After earnings , I expect stock to rally outside the channels.