Today a nice report came out on Snap (SNAP). Credit Suisse raised the price target to $20 and some analyst feel Snap is taking appropriate steps to bolster it’s technology offering to make it easy for advertisers to work with the social media formate. I’m looking to sell a $15 Call but I think it will take a day or 2 to get the premium I want. I would love for the stock to hit $14.90 today to get a Call sold expiring this Friday, but I think I’ll get a decent premium tomorrow or Friday for a Call expiring next week. Let’s see how the NASDAQ does today.
Buy 1000 Shares SNAP @ $14.75
Steve
The Options Coach