Short SNAP/ BUY 12/6/23 13.50 PUT
SNAP is up a market leading 7 trading days in a row, as the dog of 2023 Social Media has come back with a vengeance. Today the dumb money is capitualting to be long this stock after a Wall Street upgrade from Jefferies Investment Bank. I love Burn Notices that result after a long run and an upgrade from Wall Street who usually issues these recommendations to get out of their own longs… There’s huge resistance selling at 14. 2 Stars Trade last hour.
