Options Playbook Radio 153: SNAP Backspread with Puts
SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with puts, which is on page 84 (calls) and page 87 (puts) of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.
In this episode, Brian reviews:
- The SNAP backspread with calls from last time
- What has SNAP done since last time?
- Where are the SNAP options now?
- What about implied volatility?
- When will earnings be announced?
- Taking a bearish view this week
- Setting up the trade
- What is the expected move on the May 19 contracts?
- What is the cost?
Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com.