Snap short sellers take winnings off table as stock sinks

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Bullish Options Activity in Snap (SNAP) Targets Upside Exposure Into Earnings Report on 8/10 -Susquehanna

August 4, 2017 1:46 PM EDT

Susquehanna options strategist Alison Edwards notes bullish activity in Snap (NYSE: SNAP) ahead of the company's earnings and lockup period release, as opening investors purchased 20,000 Aug12 15 Calls, 9,000 Aug 15.5 Calls and ~4500 Aug 14 Calls.

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