Then looking at the SNAP Snap options chain ahead of earnings , I would buy the $10.5 strike price Puts with 2023-2-3 expiration date for about $0.84 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Trade closed: target reached
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SNAP trading at $9.90 after earnings, calls were profitable.