Snap Chat Short

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heart&vax

This stock is still overvalued at $37.50.
Look at the ratio of puts and calls.
Smart money is betting it will fall below $28 again.
 
heart&vax said:
This stock is still overvalued at $37.50.
Look at the ratio of puts and calls.
Smart money is betting it will fall below $28 again.
More...
Where were you when it was $70 smart money?

Fwiw... SNAP always has always had a P/C open interest greater than 1. (at least for the last 18 months) I've watched this stock from day one.
So we're gonna need a better thesis than that.
But welcome to ET anyway.
 
heart&vax said:
This stock is still overvalued at $37.50.
Look at the ratio of puts and calls.
Smart money is betting it will fall below $28 again.
More...

You better cover that short there smart money... SNAP is getting ready to pop as I type.
$37.58
Watch what happens.
 
vanzandt said:
Where were you when it was $70 smart money?

Fwiw... SNAP always has always had a P/C open interest greater than 1. (at least for the last 18 months) I've watched this stock from day one.
So we're gonna need a better thesis than that.
But welcome to ET anyway.
More...
Thank you for getting me out at $80, you said it was a $45 stock in a DM.
 
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