Get started

Sstkstock

SSTK earnings in 5 days | $65 Strike Price PutsIf you haven`t sold the $96 right shoulder bearish chart pattern: then allow me to tell you about my experience with Shutterstock, Inc. (SSTK) as a contributor: I am a contributor on Shutterstock from the time they were publicly listed and in the last years they changed the tiers in order to keep more for themselves and give less and less to the contributors. The earnings for contributors are now at the 2015-2016 low, people that i know are not interested to post on Shutterstock anymore. The picture sales are decreasing massively for contributors and i think that will reflect in the April 26 earnings call. I will buy some $65 May 20 puts, now at $0.60. Other rival companies like Pond5 and Adobe Stock gained momentum and are starting to sell equal or better than Shutterstock recently. A lot of contributors that i know moved to those platforms. My opinion is that the stock will drop to the $66 level and do a dead cat bounce before going to $43, which is a realistic target considering the contributors conditions right now.
NYSE:SSTKShort
by TopgOptions