SNAP Options Ahead of Earnings

Feb 3, 2024

If you haven`t sold SNAP here:

nor bought the dip before the previous earnings:

Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 15usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $2.62.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Feb 10, 2024

Trade closed: target reached

SNAP traded at $10.93 after earnings, and the Puts went up from $2.62 (when I wrote this article) to $4.95 at the close today (a lot higher intraday), for about 90% gain!