MomentumOptions.com Trade Alerts (SNAP) for 12/3/2024

9:00pm (EST)

We have an update on Snap (SNAP) after shares soared 6% today. This pushed the gains in our call option trades to 314%, 150%, 138% and 92%. We have raise the Stop Limits from our 10K Challenge while adding new ones to the trades we piggy-backed.

Video:

https://go.screenpal.com/watch/cZle08nnjRj

Trade Alerts!

Snap (SNAP, $12.86, up $0.75)

SNAP January 13 calls (SNAP250117C00013000, $0.95, up $0.30)

Entry Price: $0.40 (11/25/2024)
Exit Target: $0.80
Return: 138%
Stop Target: 60 cents (Stop Limit)

SNAP March 15 calls (SNAP250321C00015000, $1.25, up $0.40)

Entry Price: $0.65 (11/25/2024)
Exit Target: $1.30
Return: 92%
Stop Target: 80 cents (Stop Limit)

Action: Set a Stop Limit at 60 cents for the SNAP January 13 calls. Set a Stop Limit at 80 cents for the SNAP March 15 calls.

Shares traded up to $13.05 with key resistance at $13 getting cleared but holding. The close above the 200-day moving average was super bullish and gets our near-term target of $13.75 in play. Our 2025 Price Target is at $17. Fresh support is at $12.50-$12.25 and the 200-day moving average.

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