Triple_Barrel_Capital

$SNAP Downtrend Continues - Bearish Options Activity

Short
NYSE:SNAP   Snap Inc.
$SNAP Downtrend Continues - Unusual Bearish Options Activity
Expecting one more leg down in this recent downtrend.

Unusual Bearish Options Activity Today:
30k $21.00 strike (OTM) November 20th puts traded today vs open interest <200 for a total premium outlay of $4.1M

Near term target: $20.00 by mid October
Stop loss: $25.00

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.