I won't be surprised if SNAP has a pullback the next 2 days after it's gigantic $8.05 (28.3%) 1 day gain on massive volume 254M shares vs average 44M shares or 500% volume pop. A reasonable scenario would be for SNAP to get to the 1.618 Fibonacci retracement on the monthly chart. Also, because tomorrow is weekly options expiry, I suspect peeps taking huge profit gains today to lock it in before tomorrow's uncertain price action.
Nota
Got a 10/30 $38 straddle @ 9:51am with so much movement, you can't lose. I was wrong about today's pullback so far. OopsNota
So far this has been a losing thesis to say the least. Haha. Thank goodness I picked up some calls yesterday when signals just kept pointing up. lolDagangan ditutup secara manual
Calls won enough to profit. Whew. Close one. Modest total gain. Option strategy liquidated. 🖖Nota
SNAP now has a P/E of 4,375. lolNota
SNAP is finally going down today. lol. Pullback to -$38???Nota
3:59pm executed 10/30 $40.5-44 bearish strangle for $126 each. Leaning 2x capital on put end $85, and 1x capital on call side $41.Nota
SNAP closed today at a P/E = 4,128Nota
SNAP trading interest lags this week with the BIG 4, MSFT, AAPL, GOOG & AMZN sucking all the air out the room...Nota
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Penafian
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Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.