Snap Inc. has seen a significant uptick in its stock price, rising almost 20% this month after languishing under $10 since July 2025, following a dramatic decline from over $80 in 2021 to a low of $3.81 in April. The recent excitement surrounding Meta Platforms' AI developments has led to a surge in call options trading for Snap, with Monday's volume exceeding four times the average for the month.
Approximately 140,000 options were traded, with a notable preference for calls over puts, suggesting a bullish sentiment among traders. The most actively traded contract was the 8-strike call expiring on December 18, which requires a 30% rally in Snap's stock price to be profitable.
Additionally, Blue Duck Capital, a shareholder, has urged Snap's board to raise capital to support its augmented-reality products, projecting a potential share price increase to between $12 and $14. This combination of increased trading activity and shareholder advocacy could signal a turning point for Snap, making it a stock to watch in the coming months