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SNAP is it possible to go lower? $2.35 or $0.99 is close to nilSNAP, one of those company doing new things, that kind of things we have no idea how they do it, but it looks funny to share a goofy pic with your friends. But the question is, how do they make money in the short and long-term? The truth is, you can't expect to make a profit just because of the number of users if they don't pay for. Even more, if they're mainly teenagers. At the end of the day, irrational people just buy over and over following the rallies. Do not forget, professional investors and traders, love stupid money, "a fool and his money are soon parted", so if you do not know how to play this game, learn how or just get away from it. Recently, more than $13 billion in market cap has been wiped out. Of course, this stock could be smacked again, so chances of seeing a price about $2.35 per share could be much closer than we think. Learn how to beat the market as Professional Trader with an ex-insider! Be part of an elite trading group. Last course of the year on November 2nd, 2018. Have a Nice Trading Week! Cream Live Trading, Best Regards!
NYSE:SNAP
by wildcreamlife
1
$SNAP Further Decline Expected - $10M Bearish Options Bet$SNAP Snap Inc chart showing no signs of strength with heavy selling over the last month. We saw a large bearish options bet hit today, with $10M worth of April'19 deep in-the-money puts traded. With earnings coming up next week, this could be a sign of more disappointing results upcoming. Monitor for a break down through $6.50 support level to fresh lows. Targeting $5.50 in the medium term. Note: Informational analysis, not investment advice.
NYSE:SNAPShort
by Triple_Barrel_Capital
TRADE IDEA: SNAP NOV 16TH/JAN '20 COVERED LONG COMBOThe setup consists of a long combo (a Jan '20 10 short put + a Jan '20 10 long call) and a November 16th 10 short call. The combo aspect of the setup acts as synthetic stock, with a static 100 delta metric, and the short call works as it would in an ordinary covered call. Max Profit: $93/contract Max Loss/Buying Power Effect: $907/contract/$335/contract Break Even: 9.07/share Theta: .76 Delta: 50.1 Here, I'm just looking for a modest bounce through the 10 strike post-earnings. If it doesn't occur fairly quickly, I think I've given myself plenty of time to reduce cost basis ... .
NYSE:SNAPLong
by NaughtyPines
1
SNAP Long Term Supply and Demand AnalysisWK Supply drawn in a previous post was triggered for a short and played out perfectly. Price is now printing all time lows, down trends on the 3M/MN and WK time frames. New supply zones forming on all of the higher time frames. At this point I won't be taking any more shorts unless there are very obvious supply zones. I am very cautious when it comes to shorts at all time lows! There is nothing on any chart that would make me think about going long.
NYSE:SNAPShort
by bradleyj313
Snapchat - Wartung for the BullsSnapchat's first hour shareholders did not have much to laugh about since going public. Already 50% of your entry price has given up the stock and it wants to pay no strength so far. It is therefore still too early to buy in, because others should fight the way free. If these are successful, then we like to jump on the moving train and use the correction of a possible wave 2 on the trend channel. However, the prerequisite is that the wave 1, the search narrowing trend channel skips. In the chart you can see the tradingplan to benefit from the run-up.
NYSE:SNAP
by StefanBode
Snapchat in TroubleSellers are extremely heavy on this stock and I would recommend finding a supply zone and entering short on this stock. The company itself is losing users. I'm part of Gen Z myself and see myself and my friends using Instagram way more. Not even that, Snap doesn't have the hyper targeting that Instagram can do with the power of Facebook. Instagram is so much more backed. Only thing supporting this stock is the 11.00 range. Strong demand zone, but if the company doesn't pivot fast enough, I can see that breaking as well.
NYSE:SNAPShort
by xSunnyChopper
OPENING: SNAP AUG 17TH 12/12.5 SHORT STRANGLE... for a 2.08/contract credit. Although the underlying announces in 7, I'm taking advantage of the high rank/implied (85/88) in this small stock here since I can play it naked without tying up a ton of buying power or taking on huge notional risk. Since it's so "skinny," I'll look to treat it as a short straddle, shooting for 25% of max profit or about .52 ($52) per contract. Metrics: Max Loss/Buying Power Effect: Undefined/~2.30 ($230)/contract (on margin) Max Profit: 2.08 ($208)/contract Break Evens: 9.92/15.48 Delta: -10.88 Theta: 6.56
NYSE:SNAP
by NaughtyPines