Trade Of The Week: Snap Inc.

Options Portfolio Manager – Investors Alley • Oct 26, 2020 at 6:28 AM EDT

The biggest action in the options market this past week occurred in Snap. The social media/video sharing company has become the best-in-class in the industry after posting outstanding growth and earnings numbers this past week.

The biggest action in the options market this past week occurred in Snap (SNAP). The social media/video sharing company has become the best-in-class in the industry after posting outstanding growth and earnings numbers this past week.

The company is seeing big-time ad dollars coming in, as users became increasingly active over the pandemic period of less in-person communication. It looks like an investor recently bought a significant amount of SNAP shares while hedging the purchase with January 2022 puts.

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