SNAP Options Ahead of Earnings

If you haven`t sold SNAP here:

SNAP Inc. a company with Debt and Negative free cash outflow

or ahead of the previous earnings:

Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Trade closed: target reached

SNAP traded at $12 at expiration. The calls went up about 70%, even higher during the week, when it was trading at $12.42.

TopgOptions

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SNAP Inc. a company with Debt and Negative free cash outflow

by TopgOptions