Snap Chat Short

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.

 

How do you know it is smart money?

 

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.

 

You better cover that short there smart money... SNAP is getting ready to pop as I type.
$37.58
Watch what happens.

 

That chart is gonna explode up.
Unless the tide pulls out in the next 1.5 hours.

 

Bam.
$38.51.
Told ya so.
You're welcome.

 

Thank you for getting me out at $80, you said it was a $45 stock in a DM.

 

DM?

 

He means direct mail.
SNAP's a great trading stock.

 

DM you sent him a physical letter.?