Why I’m Banking on a SNAP Triple, and a RDDT Bust for Earnings
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#Snapchat’s chart is a trainwreck, but I’m seeing big upside potential thanks to major gaps in its price history. Could we be looking at a 30% move post-earnings? I’ll walk you through the setup.
Meanwhile, #Reddit’s market performance isn’t looking as hot, and we’ve seen bearish options flow piling in — but is there a contrarian play hiding in plain sight?
I’ll break down the numbers and explain where I see real opportunities to profit! #SNAP #RDDT
But I see potential for a big gap fill — possibly up to $13 or more — which would be a significant move. With call buyers stacking up ahead of earnings, we could be looking at a great short-term play, especially with Snap's history of massive post-earnings gaps.
On the flip side, Reddit's options flow has shown some heavy put buying…
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