As you know, I have a large stake in this spread out over a multitude of expiry’s.
The weekly calls that I purchased last week at an average of $.17, sold for $2.15 just moments ago.
That’s +1165% return.
What’s great is that so many got to walk this one with me. I made sure you had a chance.
Next week is going to be awesome.
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Quiet period ends Monday. There’s going to be an assault on the #SNAPTARDS as upgrades, buy recommendations and lofty price targets lay waste to those that couldn’t quite grasp the unique opportunity this stock presented.
Again, I could care less about this company. I could care less about value. All I cared about was the inflection point that would change the minds of what value participants will be willing to pay. I fucking nailed that.
The story isn’t over. The stock has rallied 23% off the lows, and the experts are saying sell the rally and the sentiment has changed only slightly.
This is taking candy from children here. Literally. Know your opponent!
Sentiment won’t turn bullish til we take out the highs, then the #SNAPtards have to sit out a rocket launch opportunity, or chase higher.
Either way, win/win.
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For all the questions that will flow here about “where is this going?” and “What is your target?”…from here, I won’t really respond to these. I made my early calls about all this already, and I really don’t like managing the trades of others in this context. Therefore, from here…if you choose not to sit back and read what I am doing, just be…the…ball.
Ty: Danny. I’m going to give you a little advice.
There’s a force in the universe…that makes things happen.
All you have to do is get in touch with it.
Stop thinking. Let things happen…and be…the ball.
Ty: Where’s the wedge?
Find your center.
Hear nothing. Feel nothing.
Danny: That was kind of incredible, sir.
Ty: You try it, Danny.
Danny: Pardon me?
Ty: You try it.
Just relax. Find your center.
Picture the shot. Picture it.
Turn off all the sound.
Just let it happen. Be the ball.
Be the ball, Danny.
You’re not being the ball, Danny.
Danny: It’s difficult with you talking like that.
Ty: I’m not talking. Stop talking.
I’m not talking now.
Be the ball.
$SNAP saw another early pop, then a slow fade.
Today, it will apply a little more pressure into the close. Not too much as to make them scatter, but enough to make them sweat a little.
This one is my favorite move. Set’s up a good Wednesday move.
Still 74% bearish and as you know is the stock with the most eyeballs locked in.
The stock is quietly being held here. Please, bears…double down on your downside bets.
The more action you take now, the more significant the chase from here.
This early move was enough to quiet the crowd, but the stall during the second half of the day was enough to leave bears engaged and not quit positions. Again, very twitter-esque.
The turn is a quiet process, not an event.
Bears get popcorned tomorrow.
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