10:40am (EST)
We have a Profit Alert for SNAP so let’s go check the tape.
Profit Alert!
Snap (SNAP, $9.71, down $0.74)
SNAP October 10 calls (SNAP231020C00010000, $0.60, down $0.40)
Entry Price: $0.55 (8/29/2023)
Exit Target: $1.50
Return: 9%
Stop Target: 80 cents (Stop Limit)
Action: The Stop Limit at 80 cents has not tripped on today’s weakness as the high has been 76 cents. Close the trade at current levels and we will revisit SNAP at a latter date.