Snowflake

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<ul> 
 <li>Snowflake (SNOW) stock has recently caught attention as it failed at the declining 50-day moving average.</li> 
 <li>The IBD Stock Checkup ranks Snowflake stock as No. 52 in its industry group, with a Composite Rating of 49, an EPS Rating of 81 and a Relative Strength Rating of 19.</li> 
 <li>Given this setup, a bearish diagonal put spread is being considered for Snowflake stock.</li> 
</ul> 
<p><strong>This article discusses the potential for a bearish option trade on Snowflake (SNOW) stock, providing insights into the strategy and risk management involved.</strong></p>
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<h2 id="strong-considering-a-bearish-diagonal-put-spread-strong"><strong>Considering a Bearish Diagonal Put Spread</strong></h2> 
<p>For Snowflake stock, the plan is to buy a Sept. 20, 180 put for around $30.50 and sell a June 21, 150 put for around $7.60. The total cost of the trade is the net premium paid, estimated to be around $22.90 or $2,290 for a standard contract of 100 shares.</p> 
<h3 id="strong-optimal-return-when-stock-is-at-150-strong"><strong>Optimal Return When Stock Is At 150</strong></h3> 
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Maximize Returns with Strategic Snowflake (SNOW) Option Trade: A Comprehensive Guide for Financial Success

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