
Recent trading activity indicates a notable interest in several stocks, particularly Snowflake Inc. (SNOW), which is approaching the $200 mark. The put/call ratio for SNOW stands at 11,000 puts to 40,000 calls, reflecting a strong bullish sentiment. Additionally, the stock has gained 10% over the past week. Other stocks, such as Boeing Co. (BA), Alibaba Group Holding Ltd. (BABA), and Baidu Inc. (BIDU), also show varying put/call ratios, with BABA at 36,000 puts to 298,000 calls and BIDU at 8,708 puts to 48,000 calls. The KWEB ETF has a put/call ratio of 26,000 to 257,000, indicating a similar bullish outlook. Overall, the trading data suggests a growing confidence among investors in these stocks, particularly SNOW.
China Internet $KWEB sees 4000x8000x Sept $35/$45/$55 call butterfly's bought at $1.35, interesting cheap way to play bigger upside move into mid year
$BABA unusual buyers of 2350 January 2026 $200 far OTM calls at $1.75 to $1.90.. classic example of upside outlier risk which is why call skew exists in China names
$BABA Put/Call: 66k/464k