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Snapchat Call Option Up Over 60% In The Last 3 Days


Over the last 12 months it has been pretty rough to be a long term shareholder of Snapchat (SNAP) as it has returned -64% during that period.


However, if you are a short term trader there has been opportunity to capture gains if your timing is right.


We put a spotlight on a potential opportunity in the Options market related to Snapchat last week for our Platinum members.


We purchased calls in Snapchat with May 19 expiration $8.00 strike price last week with an an average $0.39 premium. We were fortunate to time this technical opportunity just right to experience a 60% return over the last 3 days.


We exited out of the position and advised our members of our activity/realized gains. Of course, with options volatility and technical analysis is your friend.


This one was a great win so if you want to find out more of our potential trading ideas that we are executing please feel to subscribe to our Platinum plan for real time trading activity/thesis, market outlook on stocks, price targets and access to our proprietary stock ranking system of over 130 stocks.



Disclaimer

The information provided in this report is for general informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities.

The report is based on sources believed to be reliable, but we do not guarantee its accuracy or completeness. Investing in securities and derivatives involves risks, and past performance is not indicative of future results. The opinions expressed in the report are our own and are subject to change without notice. We may have a position in the securities mentioned in the report, and we may buy or sell such securities without notice.This report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. The recipient of this report is responsible for compliance with any applicable laws or regulations. Any investment decisions made based on the information in this report are solely the responsibility of the recipient. We do not accept any liability for any direct, indirect, or consequential loss arising from any use of this report or its contents. Please consult with your financial advisor before making any investment decisions.

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