SNAP Options Ahead of Earnings

Oct 29, 2024

If you haven`t bought the dip on SNAP:

Now analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $1.01.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Nov 5, 2024

Trade closed: target reached

SNAP traded at $12.74 at expiration, and the Calls went up from $1.01 (when I wrote this article) to $1.74 at the close of the day (a lot higher intraday), for about 72% gain!