SNAP pullback from gigantic 1 day gain, possible 1.618 Fibonacci

22 oct. 2020

I won't be surprised if SNAP has a pullback the next 2 days after it's gigantic $8.05 (28.3%) 1 day gain on massive volume 254M shares vs average 44M shares or 500% volume pop. A reasonable scenario would be for SNAP to get to the 1.618 Fibonacci retracement on the monthly chart. Also, because tomorrow is weekly options expiry, I suspect peeps taking huge profit gains today to lock it in before tomorrow's uncertain price action.

22 oct. 2020

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Got a 10/30 $38 straddle @ 9:51am with so much movement, you can't lose. I was wrong about today's pullback so far. Oops

23 oct. 2020

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So far this has been a losing thesis to say the least. Haha. Thank goodness I picked up some calls yesterday when signals just kept pointing up. lol

23 oct. 2020

Trade fermée manuellement

Calls won enough to profit. Whew. Close one. Modest total gain. Option strategy liquidated. 🖖

23 oct. 2020

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SNAP now has a P/E of 4,375. lol

26 oct. 2020

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SNAP is finally going down today. lol. Pullback to -$38???

26 oct. 2020

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3:59pm executed 10/30 $40.5-44 bearish strangle for $126 each. Leaning 2x capital on put end $85, and 1x capital on call side $41.

26 oct. 2020

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SNAP closed today at a P/E = 4,128

27 oct. 2020

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SNAP trading interest lags this week with the BIG 4, MSFT, AAPL, GOOG & AMZN sucking all the air out the room...

28 oct. 2020

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Checkout my price and volume indicators:

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