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FriscoTrades
Sep 22, 2021 7:32 PM

$SNAP potential breakout Long

Snap Inc.NYSE

Description

Snapchat potential breakout with crazy option flow today. News ? or perhaps just playing the trend and bullish confluence of indicators.

28M Block 1/21/22C at ask ... can't ignore that.

I like the Oct or Nov 85C for an idea
Comments
TORNADOF5
hey , i dont see any blocks before 80.66
what do you think ??
thank you
FriscoTrades
@avi417, Thanks for your comment. I was referring to the block buy of 20,000 1/21/2022 70C today, 29M in premium

Of course, there can be rejection at the top here, but given the call flow and volume/ strength, my bias is to the upside. Seems to have been in accumulation ever since the strong earnings gap.

I also use snapchat every day :)
TORNADOF5
@FriscoTrades, och got it thanks ,
nice buldog you have , i had 2 like those , sad thing they have many health problems and they feel bad at hot summer.,
but best friends ever .
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