Well, 21.85 seems to be doing what I expected at $22
SNAP
- Thread starter m22au
- Start date
...there it goes.
Take the 20% ....
You think? I'm on board to hold this till tomorrow morning at least. I'm thinking we'll see a gap down.
You bought $10,000 dollars of these things. To pass up $2000 is nuts. The bitch will head north as it channels prior to earnings... one overnight is enough (risk) to hold. Yesterday/last night was obvious... tomorrow not so much.... trust me on this. If you didn't close...well.... I'm cheering for ya either way. Take the break even if you can get it. jmho
BnT....
This is obviously a huge short. It has 1.7B shares outstanding... but only 4.7M shares in the float.... that with a company forecast to lose $2.33/share. That being said, you have to know how these things work. Its $22.16 as I type.
Its being played right now. Every time it can be moved up today, with relatively low amounts of volume, it does. Its forcing shorts to cover one step at a time. If I were you, I'd close my position. For now.
jmho
Well, a good call on both the entry and exits. No bonus points for guessing exit price or position size (which obviously wasn't 100 contracts).
And yeah, I have a long call position for January on it--though, I'm not at all confident in it (though, all my biggest winners have been presaged by buyers remorse)
It just dropped about $.20 on just over 100K shares in 18 minutes. They are fishing for retail buyers. It ain't happening. This f'r is the biggest pig of all time.
The IPO of $17 was insane.
Someone will be left holding the bag, even moreso than fitbit.