Options Strategies for a Range-bound Market

Snowflake IPO: A Rebound for the US Stock Market
Case Code: FINC173
Case Length: 5 Pages
Period: 2019-2020
Pub Date: 2021
Teaching Note: Available
Price: Rs.200
Organization: Magnus Returns Private Limited
Industry: Financial Services
Countries: India
Themes: Financial Options & Derivatives
Snowflake IPO: A Rebound for the US Stock Market
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

In January 2020, Surendra Chauhan (Surendra) received a repayment of about rupees half-a-million rupees from one of his debtors that he had already put under bad debts. Luckily for him, he got back the full amount on January 22, 2020. This was good news indeed for Surendra, as his daughter’s wedding was fixed for March 2020 and he needed the money. With rupees half-a-million extra cash in hand, Surendra knew he would be able to take care of the wedding expenses..

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