VROCKSTAR

4/25/24 - $snap print - covered long play

Long
BATS:SNAP   Snap Inc.
4/25/24 - vrockstar - not willing to outright ride long on evan's crackpipe stock, but tiktok ban, FB's #s +ve (and reaction mainly related to speech specific to zuck), last snap print was really a reset of expectations, options pricing in rich upside... so decided to sell some at the money C's and a few OTM C's (covered, lol), for 10% implied daily yield if i'm right. don't think drawdown will be more than say 15%, so i'm thinking w/ the calls i'll be down 5 and likely 10% most - so this is reasonable risk for the daily.
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.