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Traders bet Snap could soar 12% after earnings

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Traders bet Snap could soar 12% after earnings $SNAP (via OptionsAction)

in 2019, with Snap up a whopping 162%, Facebook tacking on a 55% gain and Twitter climbing more than 30%.

Snap shares saw four times the amount of calls — trades that bet on the stock going higher — as puts, or more bearish bets, with the options market implying a 14% move for the stock by the end of the week.

 

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OptionsAction SNAP still around?

OptionsAction you permabull charlatans are an utter disgrace - stop spivving retail investors into stocks on a short term basis - you are a disgrace - the earnings are a lottery and SNAP can easily lose 10% in a day

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Snap shares jump on upgrade ahead of earnings after the bellShares of Snap, parent company of Snapchat, rose on Tuesday following an upgrade from Stifel ahead of the company's earnings release after the bell.
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