Notable Near-Term Call Buying in Snap (SNAP) Continues -Susquehanna
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Susquehanna options strategist Alison Edwards notes near-term call buying in Snap (NYSE: SNAP), as investors purchased over 14,000 Nov10 16 Calls in small lots for $0.78, in addition to opening buying of Nov10 17.5 Calls, coupled with buying of 6k Dec 16 Calls for up to $1.70. The shares maintain a 24% short-interest, so flow could be hedging activities.
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