You think its going to flatline here for the rest of the week? I didn't buy the straddle btw, just thinking out loud... but I think its going to move $1 one way or the other by Friday. But yeah, that straddle is no grand-slam play 2b sure. Forget I said it.
I'm not confident enough either (and I'd never do a naked short--except to purchase an investment on a downward slide). Shorts closing out their winners?
This is another $SHAK type stock (with a hint of '99). Everyone knows it's bullshit, but the only shorts who end up making money are those who are patient enough to wait out the initial beatdowns to the upside.
Very true. The question is how much upside. There's a fortune to be made both ways here. With the liquidity and volatility on both the stocks and the options, this is one to master. IMO its one of the best trading vehicles currently available for retail players.
If you go long this thing you should only be going long to take advantage of the market running over early shorts. It's a piece of shit in the long run, we all know that - but that doesn't mean it won't rake you through the coals if you try to be right about it.
$SNAP low 19's tomorrow, but if this could recover from that ER im sure in the short it will recover a bit again