SNAP held strong above the 17 support level and even tested/went through the 17.83 resistance line yesterday holding above 18 despite a down market with tech selloff. While I would have guessed it would hold above 18 or keep going, stochastic suggests it's a bit overbought so looks like it might break back down below the 17.83 again today...I've already sold my puts on this so only selling more if/when it breaks below 17 - particularly after 1st lockup expiration end of July. If seeking entry i would def recommend selling puts on this and buying in chunks given definite selling pressure coming with lockup expiration(s) coming & shorts battering it down. SOLID long tho so def get in while it's still below IPO price! Don't underestimate how many young ppl use snapchat & their potential ad revenue (VERY sneaky ads) and how different it is from public-profile-style Facebook/Instagram. This is like when people called Facebook overvalued after its IPO so i'd get in early and just sit on it for years:)