Story
Snap Options Market Prices in 14% Post-Earnings Stock Move
Summary
Options market data indicates traders are anticipating a significant 14% swing in Snap Inc.'s stock price following its upcoming quarterly earnings report on August 3. The company's shares have a history of volatile reactions, often exceeding market expectations.
The options market is bracing for significant volatility in shares of Snap Inc. (NYSE:SNAP) following its quarterly earnings report, scheduled for after the market close on August 3. Data compiled by Bloomberg suggests traders are pricing in a potential stock move of 14% in either direction after the results are released.
A History of Volatility
This level of expected volatility is not unusual for the social media company, which has a track record of sharp post-earnings price swings. According to the Bloomberg data, Snap's stock has moved more than the options-implied amount in four of its last eight earnings announcements, highlighting the uncertainty surrounding its financial performance.
Past reactions demonstrate the potential for outsized moves:
- Feb. 4, 2026: The stock fell 31.4%, more than double the 14.5% implied move.
- Aug. 5, 2025: Shares dropped 19.7%, exceeding the expected 16.9% swing.
- Oct. 29, 2024: The stock jumped 22.2% on positive news, slightly above the 19.5% implied move.
- Aug. 1, 2024: Shares plummeted 31.1%, significantly overshooting the 17.6% move priced in by options.
AdMarket Context
The implied move is derived from the price of options contracts and reflects market consensus on the potential range of a stock's price change. While these figures indicate high expectations for a significant reaction, they are not a guarantee of direction or magnitude.
In its most recent report on May 6, Snap's stock bucked the trend of high volatility, rising just 0.5% despite an implied move of 13.4%. Investors will be closely watching key metrics such as user growth, advertising revenue, and the company's forward guidance to determine whether the upcoming report will trigger another substantial price swing.
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