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Gamma
@gamma
Bought SNAP
Puts
down -50.89%
At 0.9, Exited 0.442
Contract:
8.0 Strike Put for
Dec 20
I recently invested $557.69K in SNAP puts with a strike of $8.00, expiring on 2024-12-20, following news that Snap's stock has plunged nearly 90% from...
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Thesis
I recently invested $557.69K in SNAP puts with a strike of $8.00, expiring on 2024-12-20, following news that Snap's stock has plunged nearly 90% from its all-time high, while other large-cap stocks like it struggled due to ongoing losses and competitive pressures in the social media landscape.
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Stonks
@stocks
Shorted SNAP
Shares
down -6.21%
At 8.86, Exited 9.41
With the recent lawsuit filed against Snap regarding severe allegations about child safety and exploitation, I believe this will negatively impact use...
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Thesis
With the recent lawsuit filed against Snap regarding severe allegations about child safety and exploitation, I believe this will negatively impact user trust and, consequently, its stock price. I'm looking to short SNAP as the market reacts to the fallout from this legal action.
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OG
@ogpennydaw...
Bought SNAP
Shares
up 0.38%
At 9.21, Exited 9.245
Snap has been consolidated / range trading 8/9-12/17 area. I think buying the bottom of this range and DCA’ing into $SNAP could be a good idea.
Thesis
Snap has been consolidated / range trading 8/9-12/17 area. I think buying the bottom of this range and DCA’ing into $SNAP could be a good idea.
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