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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
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- Spain's ex-transport minister sentenced to 24 years for corruption
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Investors Increase Downside Protection in Snap (SNAP) Ahead of 1st Earnings Report Tomorrow AMC -Susquehanna
May 9, 2017 2:25 PM EDTSusquehanna options strategist Alison Edwards notes continued downside protection in Snap (NYSE: SNAP) ahead of the company's first earnings report tomorrow after the close, as an investor bought 10,000 May12 21.5 Puts, on the heels of regular May expiry 21.5 Put buyers yesterday.
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