Twitter all over again. TWTR fell quite a bit, even before the lockup expiration that represented 82% of their total equity. 40+% loss in the months leading up to the lockup expiration. Sounds like a good time for a long put Sept expiry maybe. TWTR 2013-11 - 2014-06
A rather hilarious picture to describe SNAP's predicament of cash and no profits. Why aren't investors heading for the door sooner? Shares will start hitting the market by the end of July. It seems like people are foolishly optimistic about the stock. Lockup expiry beginning in 07/31 - 08/31 Earnings Report 08/05 - what earnings? Final nail in the coffin 08/31 Run toward put SNAP Oct 21 '17 @18