Massive trade just happens in surging shares of Snap

Snap Inc. shares are rebounding, up nearly 20% for the month, and options traders are piling in with bullish bets. After the stock traded below $10 since July 2025—following a collapse from more than $80 at its 2021 peak to a low of $3.81 in April—trading activity surged Monday. Cboe LiveVol data show more than four times the month-long average volume in Snap options, with almost 140,000 contracts traded. Calls dominated: about 64,000 call buys versus fewer than 7,000 puts. The most active contract was an $8 strike call expiring Dec. 18, trading about 26,000 times.