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RE: $SNAP Bottom using JSNIP4 Reverse Indicator!
8/21/17: I spewed a SNAP put option trade at Greg Mannarino's as an "add to" on this short of the shares at 13.13. Actual price paid on the SNAP 9/8 expiry 13.50 puts was .49. I might add to this position if teh price of the puts comes down but SNAP "should" turn lower starting sometime today....new 52 wee low forthcoming methinks...still. :-)
10:30...ish AM update: SNAP tracking to $14 right now and the SNAP 13.50 puts won't double if it gets to 13.50 right now I don't think so I'll just set a limit to sell at .75 for teh day. I doubt any decent trades setup til late afternoon so I won't be monitoring things that closely until then. I got to go get the kiddie pool and the umbrella drinks ready for the solar eclipse. I know where I'll be. Still not anywhere close to being drunk enuff to trade. :O
8/21/17 update after the close. I see that the high for the 9/8 13.50 puts was .68. SNAP was still trading those puts at .63 market going into the close. About 15 minutes into teh close before they moved it higher. I would have banked that trade as I see they drove it to a low of 13.35 yet the high for the day on the 9/8 13.50's was .68. Since I wasn't watching teh trade I will contunue to hold for the next short term buy signal on SNAP.
Farking great joe.....my 5yo can trade better.....another 100% loss in making!