SNAP

[vanzandt]

$23 puts at $1 are a good buy.
It should see $21.50 at some point this week.

 

[beerntrading]

$23 puts at $1 are a good buy.
It should see $21.50 at some point this week.

Oh, lucky me...I got a fill.
I agree with that assessment.

 

[beerntrading]

...that or I just got taken for a ride with vanzandt as the counter party.

 

[vanzandt]

...that or I just got taken for a ride with vanzandt as the counter party.

Geez. Was that you that bought a 100?
I got like 10 lol.

 

[Michael J. Fletcher]

As it turned out, it was a good IPO.

 

[beerntrading]

Geez. Was that you that bought a 100?
I got like 10 lol.

I did a half sized position on this one (of my standard position size)...I literally cannot keep market exposure this week because my winners are closing faster than I can open new positions.

This was a quick fire off in about 2 mins. So this was an easy choice.

 

[vanzandt]

I did a half sized position on this one (of my standard position size)...I literally cannot keep market exposure this week because my winners are closing faster than I can open new positions.

This was a quick fire off in about 2 mins. So this was an easy choice.

Beerbong....
It might be smart to grab a quick profit at the open tomorrow on this trade. Just fyi.

 

[beerntrading]

I like it for $21 before Friday....but I'll jump ship if we see $21.50 beforehand

 

[vanzandt]

I like it for $21 before Friday....but I'll jump ship if we see $21.50 beforehand

PG 6/16 $85 Calls for $2.90 are a damn near guaranteed double.

 

[beerntrading]

Look at 'er go! I thought $22 was going to put up more of a fight...