$SNAP falling wedge continuation
Updated
Looks like a good risk/reward play.
Long term support has held in a falling wedge after a run up from its March lows.
I will start scaling in to long term calls.
Long term support has held in a falling wedge after a run up from its March lows.
I will start scaling in to long term calls.
Trade active
I am using a PMCC strategy where I sell shorter dated calls against my far dated one. Will re-evaluate the position if the support range breaks.Trade closed: target reached
Was a great hold as its earnings blew it out the water.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.