-SNAP 4HR | SNAP looks good to move higher this/next week. Eyeing the $60 4/30 Calls. Planning to swing this so a bit risky. Reason 1: Sympathy play with FBTWTRPINS reporting earnings Reason 2: Inverse head & shoulder on large time frame Resistance: $62.29, $63.64, and $65 level Support: $57.24, $55.75
What are your thoughts on this play now that a private offering has been announced and the AH drop? I also have a few of the $60 4/30 calls.
nataliegarces
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@fkhan2k248 hey! Yeah I had 1 $60 4/30 call I’m glad I never scaled in. News > TA — depending where we open I may need to cut the position. Offerings tend to be bearish and can send a stock flying down :-/ this couldn’t have come at a worse time!
fkhan2k248
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@nataliegarces, That's honestly so unfortunate. SNAP was supposed to have a good week going forward but I guess I'll have to sell my contracts at a loss tomorrow.