OIP Intraday Update- SNAP

By Dan Darrow

October 31st, 2022

Intraday Update: SNAP

Indices are opening the week lower following a strong finish Friday, but SNAP is bucking the trend. SNAP is green early and trading into the 10.25 technical stop range for the Nov25 $10 put, so the position needs to be closed. Resetting 10 is an important development, so we don't want to press a bear strategy if the stock has reclaimed key monthly support.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication

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