[Flash Alert]: New Hot Money Trade!

February 4, 2022

Our Hot Money scanner spotted a new bullish alert in SNAP Inc. (SNAP).

Shares have rocketed higher after beating expectations. I'm seeing massive amounts of money purchase call options right now.

With Facebook losing ground, we likely see a rotation into shares of SNAP.

Here's what I'm doing…

Buy-to-open the SNAP Feb. 11, 2022, $43/50 call spread

At last glance, this is trading around $0.67 per spread.

That means with a max profit opportunity of $6.33 per spread if we soar to $50 per share in the coming days.

As always, I'm averaging into this position and managing risk before entry.

I’ll keep you updated every step of the way.





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%