We have a new Hot Money sure bet alert that has triggered.
This is a familiar name in which we took profits two weeks ago.
We’re seeing the same activity that we want to get into right now.
With prices rebounding from this morning lows, I don’t want to miss this if it pops.
- Buy-to-open the Snap Inc (NYSE: SNAP) May 29, 2020, $18.50 call (SNAP200515C00018500) up to $0.28 per contract or better, for the day.
If shares of Snap Inc (NYSE: SNAP) soar higher in the coming days, our call would quickly increase into a double or triple-digit gain!
Here's what we're doing...
ACTION TO TAKE:
- In your brokerage account, locate the SNAP May 29, 2020, $18.50 call:
- The symbol is SNAP200515C00018500.
- Search for options under the stock ticker: SNAP.
- Make sure you choose the right options expiration (expiring on May 29, 2020).
- Choose the $18.50 strike price.
- Select "call" options. Select how many contracts to buy.
- Once you have the right contract, click "buy to open."
- Choose "limit order." (This sets the max price you'll pay per contract).
- Use a limit of $0.28 per contract.
- Click "Day" for TIF (Time In Force).
- Then click "buy" to transmit the order.
You can also call your broker and say, "I want to buy to open SNAP May 29, 2020, $18.50 call with a $0.28 limit or better; for the day."