If Pandora was a good candidate for a buyout then SNAP surely can be scooped by the big dogs in the Tech space . Selling a Dec21 6 put for .60 Tasty stats POP 57% P50 70% theta .48 Willing to take the shares at this price and sell calls against especially with current IVR at 91%
A silly bet I made with my friend turned into an extremely profitable venture with SNAP down every week since July. Looking to buy more and continue to hold put options with $5 strike expiring Jan 2019. As long as there is no trend change on the weekly Ashi candles, I will continue to hold this to expiration.
$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....
Don't get it twisted, I absolutely hate this company and their product. But there is an opportunity setting up for longs at swing low around $7. Good risk/reward setup here with it being more than 40% below its 200DMA. Gun to my head I think it sees $10 before $5.
$SNAP at an all time low because it lost %01 of users makes no sense to me to me. I'll sit on this LONG to see that holiday bounce. Besides $AMZN just partnered with $SNAP to buy direct from the snapchat app.
Facebook lose 20% since the highs... Twitter and Snapchat clear have problems with making money... Facebook i still do not recommend a buy atm, maybe soon until than wait Twitter and Snapchat clear downtrend. When they stop?
risky move because no bottom but RSI on point.. bounced twice in the past.
Lets se if this news gives us enough volume to turn this trend around. Possible bull flag breakout scenario for tomorrow.
This company is burning cash and will continue burning for years. IF a recession hit USA the stock price of this market will be ZERO. It will not attract even a single ad buyer and burning cash will double
Snap continues on its down trend despite what looked like a second wind last week. Look for break of $8.90 resistance on hourly chart to send this further down. $9.56 will constitute a firm reversal.
The 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...
WK 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...
Snapchat waiting for better days... clear downside for now
We are expecting a test and possible break of a bearish trend line, this will see a bullish trend. The reason we are suggesting a bullish movement and break of trend line is because we are excited about Snapchats plans and recent earnings news. Entry, SL and TPs are reserved for our clients, please message us if you are interested in joining.
Snapchat'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...