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No. of Recommendations: 1
I sold my SNAP PUTS today. I think its still way overvalued, but they were to expire in July

Interesting the IV dropped from 61% when I bought them to 50% today. Was hoping it would go up as the weakness in their business model, ability to compete and lack of execution became apparent.

I'm hoping they bounce back over the next month or so, I will be buying more PUTS. They are still way over valued at $13.7B

Tom
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