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.
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