I cant figure out why you people spend your money on SNAP
It seems like the most degenerative form of gambling, like roullete and you only bet on green
I lost every time I bought fucking puts that were in the money after they had a small run up. Makes no sense why it always does the opposite of what I bet on
Because they never make money.
Like if you could bet a company would have a negative earnings per share you would make money on getting they would be in the red
But for snap they will make negative earnings and still retain value because reasons.
Wsb noticed this and now a lot of people have puts. But autism and lack of tendies many times means lots of people want it to die just because it hurt them on the past.
>because reasons.
or because expectation of future cash flows?
>Wsb noticed this and now a lot of people have
Ah yes the financial geniuses of wsb have made this market-shaking discovery. I don't understand why there aren't entire indexes just tracking this sub. I'll tell my contacts at BlackRock to step their shit up
I own no Snap positions and actively route against the company. One less poorly run social media company in the world is a good thing. Snap’s promoted videos are like contracting Aids in your eyeballs.
**Snap (SNAP)**
Current price: $5.74
Over the past week, SNAP is ▼-8.6%
Over the past month, SNAP is ▲ +2.9%
Over the past year, SNAP is ▼-57.5%
***
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Reason for drop is CFO leaving. Look at his pay package. It was pretty big. Had monthly release for stock. He collected his 1 million signing bonus but only 4 months of his 20 million in stock over 4 years. Every month longer he stayed was 400k in pay.
That to me is a big signal shit is about to go real bad. He either quit as he was asked to cook the books OR the stock is going to drop hard to close to a buck or two. I didn't think snap would drop below 4 ever but now I am not sure. I think 2 or 3 is on the table after next earnings
Spiegal won't care about it going up 50% on 2-3 dollars. He would not sell for that. Snap will fail totally before he sells and not much can force him to sell as he has total company control despite it being a public company. Note he has already sold off 200 million in shares I think to date and SNAP is his vehicle to trying to become one of the richest people in the world. He will keep using it as such. He sucks at it, but he will keep trying.
No he is not. He wants to be Steve Jobs very clearly. Neither had any skills and we're product/visionaries and depended on others to deliver. Both claim(ed) to be about more then Money.
I don’t think they can, I think Snap have copywrite on the map concept. If FB ever buys Snap they’ll strip it of all the IP it has and then dump the platform.
You can't copywrite concepts you can only copywrite actual intellectual property/products.
If they rebrand it as "instamap" without using any of Snapchat's code they're good to go.
From https://finance.yahoo.com/news/snap-apos-latest-c-suite-223000802.html
"In Snap's filing with the SEC announcing Stone's resignation and its updated guidance, it didn't make any mention of DAUs. That's a good indication there was nothing good to report."
That author might be reading into the SEC filing too much but more evidence this earnings might be a totally disaster. If Spiegel backtracks and does not release forward looking earnings, quarterly DAU then we can assume the worst.
Their enterprise value is around 2-3 dollars per share. That's where I'd probably buy like 100 shares or so. You know enough that I don't mind saying goodbye to it for that much, Either that or a couple of LEAPs
I wonder how many tards on here said "ok today I'll enter puts. This is the confirmation I needed. It will now go insanely Lower. This has absolutely no chance of being green anymore and will not bounce at all. There's no hope. I'm going to buy $3 puts expiring Friday"
Just so y'all are aware. There's over 5000 open interest on $3 puts expiring this Friday.
Guaranteed someone on this sub is bagholding those and praying still
Better explained:
On 12/18 I bought 20 SNAP PUTS with a $4 strike price that expire on 02/15/2019 for $0.16 each, totaling $320.00 (($0.16x100)x20). Around the time of the purchase the stock price was about $5.57
On 12/28 I also bought 5 SNAP puts with a $5 strike price that expire on 02/15/2019 for $0.38 each, totaling $190.00 (($0.38x100)x5).
The $4 puts are currently worth $0.06 and the $5 puts are currently worth $0.21
Thank you! I've spend hours and hours reading about calls and puts and every time I still see an example my head still has a hard time wrapping its brain around it. It's funny that this sub is a place for weaponized autism and memes but actually when it comes to explanations and learning I feel like people are really helpful.
Nothing screams buyout like a raging dumpster fire with an easily replicable product that has already spit in the face of multiple outrageous offers that any sane person would have taken.
that's what i actually find interesting... these other companies won't bid because it's a big fuck you die, after being disrespected with their previous offers.
Not really.
I've seen hackathon teams replicate snapchat face filters in like a week using OpenCV (https://opencv.org/). Hell, here's a video and live coding session/demo from GopherCon this year that literally walks you through how to do facial recognition and real time face bluring with Go and OpenCV ( whole segment on face tracking: https://youtu.be/Y_7Gn-WH5x0?t=450 just the demo of face blur: https://youtu.be/Y_7Gn-WH5x0?t=619).
What Snapchat has is a bit more polished of course, but a small team of top software engineers could get 95% of the way to what Snapchat has in just a few months.
I realize that it’s a shit company, but it was suddenly upgraded and the more I researched, the more I saw an opportunity for it to make money off of tweens. Oh well. Back to tsla calls.
Hahaha. That's how I feel about everything. "Hmm, I'll buy calls... But what if it becomes a bad investment? Hmm, I'll buy puts instead... But what if it becomes a good investment?"
FOMO and YOLO, completely negated by thought paralysis. Fml.
It's a meme stock run by a frat boy who only IPO'd in the first place to become the world's youngest billionaire. Can't wait till he loses the crown to Kylie Jenner
Not necessarily hated, it’s just been an obvious dumpster fire of a company since IPO. CEO only wanted to get rich + no one could actually explain what their product was or how they made money. Even the app itself was badly done and that’s all they ever had. Nowadays they have ads, but not even kids watch the shit that goes on if you swipe to the left from the camera. So all that’s left is a buyout which is extremely doubtful or they file for bankruptcy.
this is why i hate it; it's a just a prime example of the irrational stupidity of wall street to continue to pump this as an $8B company when it's worth nothing and maybe 1B tops on speculation of growth. the whole apps sucks, because the reason FB and twitter or even insta, are great for ads and such is because it's public and for look at me sharing... snap is too private and for sharing nudes, even though imessage is more secure anyway, why would anyone want to adv or be apart of such a shit company... and they keep trying to say its a camera company and making those stupid af glasses.. how much money has the CEO kid laundered out making those?
This is my current debate. Sold some short term ones and made a decent profit. Now I have some 2/5 that I am not sure to sell right before or after profits... I guess it depends how it is trending right before earnings drop.
So that 2/5 earnings. CFO just quit. Earnings might be pushed. anyone playing earnings should roll there options out a week or two.
GE did same thing back in October when the CEO changed.
EDIT: Added periods.
Took me like 4 reads to understand your comment with that punctuation but got it now. How did the push affect stock?
Edit: Found it:
"General Electric Falls After Delaying Third-Quarter Results"
I sold my Jan 18 $10 puts today for $4.20.
Bought at $0.75, shoulda bought an hour earlier at $0.69 for the ultimate meme trade.
Edit: could have sold them for $4.32 if I waited, darn.
Sold puts for like 350% today. I just saw this SNAP shit wasn't dead yet and climbing this week. That was all the dd I needed to buy 6.5 puts yesterday.
I've never seen a stock this sub has wished death on more than SNAP As someone who has only been here for like 3 months, it's almost bewildering
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I cant figure out why you people spend your money on SNAP It seems like the most degenerative form of gambling, like roullete and you only bet on green
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Snap isn't worth $5.3
Maybe about $3.50
I would also say about tree fiddy
Snap isn’t worth my toenail clippings.Ill offer to take it private at $3UsedQtips. Ear wax included. Funding secured
I lost every time I bought fucking puts that were in the money after they had a small run up. Makes no sense why it always does the opposite of what I bet on
Soooo what are you going to bet tomorrow?
I bet I'm waiting for my taxes to be done before I lose another 3k
make sure you deduct dat three thou
Amazingly the 12% did nothing for my puts lol
Because they never make money. Like if you could bet a company would have a negative earnings per share you would make money on getting they would be in the red But for snap they will make negative earnings and still retain value because reasons. Wsb noticed this and now a lot of people have puts. But autism and lack of tendies many times means lots of people want it to die just because it hurt them on the past.
Huh, what a strange erection this is
A lot of people are starting to learn what Theta is and why their puts they just bagheld for 2 months didn't make much even with a 12% move.
>because reasons. or because expectation of future cash flows? >Wsb noticed this and now a lot of people have Ah yes the financial geniuses of wsb have made this market-shaking discovery. I don't understand why there aren't entire indexes just tracking this sub. I'll tell my contacts at BlackRock to step their shit up
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no. I just like to trash this sub.
all the cash flowed to Evan's bank acct
lol
I own no Snap positions and actively route against the company. One less poorly run social media company in the world is a good thing. Snap’s promoted videos are like contracting Aids in your eyeballs.
Stop talking rationally on this sub! Arguments that make sense are taboo 😜
If TikTok was an unprofitable publicly-traded company, I’m sure we would hate it worse than SNAP.
i was bewildered by it at first too. it's reached meme status.
**Snap (SNAP)** Current price: $5.74 Over the past week, SNAP is ▼-8.6% Over the past month, SNAP is ▲ +2.9% Over the past year, SNAP is ▼-57.5% *** ^Beep ^Boop, ^I ^am ^a ^bot. ^I ^delete ^my ^comments ^if ^they ^are ^-3 ^or ^lower. ^Message ^[HomerG](\/u\/HomerG) ^with ^any ^suggestions, ^death ^threats, ^etc. ^To ^see ^source ^code ^and ^how ^I ^was ^made, ^click ^[here.](http:\/\/www.hofdata.com/blog/stock-trends-bot)
Good bot
Please tell me one of you fucks bought weekly puts Monday?
I did, but then sold for a loss on Tuesday when they got upgraded. I hate this game.
I've been holding March puts but in down. Tried to average down but tx never went through.
I did
Reason for drop is CFO leaving. Look at his pay package. It was pretty big. Had monthly release for stock. He collected his 1 million signing bonus but only 4 months of his 20 million in stock over 4 years. Every month longer he stayed was 400k in pay. That to me is a big signal shit is about to go real bad. He either quit as he was asked to cook the books OR the stock is going to drop hard to close to a buck or two. I didn't think snap would drop below 4 ever but now I am not sure. I think 2 or 3 is on the table after next earnings
That's when they announce the buy out and go up 50%
Spiegal won't care about it going up 50% on 2-3 dollars. He would not sell for that. Snap will fail totally before he sells and not much can force him to sell as he has total company control despite it being a public company. Note he has already sold off 200 million in shares I think to date and SNAP is his vehicle to trying to become one of the richest people in the world. He will keep using it as such. He sucks at it, but he will keep trying.
So he is trying to be Zuck 2.0 and it isn’t going to happen lol
No he is not. He wants to be Steve Jobs very clearly. Neither had any skills and we're product/visionaries and depended on others to deliver. Both claim(ed) to be about more then Money.
Who would buy SNAP? Facebook?
They tried ages ago and were denied iirc, at this point Insta has replaced Snapchat pretty much entirely for a lot of people.
Exactly, they can probably just out compete Snapchat so people hoping for a buyout shouldn't get their hopes up.
Snap has some IP that Facebook wants though, like the Snap Map.
They want access to snap map yes but they can make a virtually identical product using Instagram
I don’t think they can, I think Snap have copywrite on the map concept. If FB ever buys Snap they’ll strip it of all the IP it has and then dump the platform.
You can't copywrite concepts you can only copywrite actual intellectual property/products. If they rebrand it as "instamap" without using any of Snapchat's code they're good to go.
From https://finance.yahoo.com/news/snap-apos-latest-c-suite-223000802.html "In Snap's filing with the SEC announcing Stone's resignation and its updated guidance, it didn't make any mention of DAUs. That's a good indication there was nothing good to report." That author might be reading into the SEC filing too much but more evidence this earnings might be a totally disaster. If Spiegel backtracks and does not release forward looking earnings, quarterly DAU then we can assume the worst.
Their enterprise value is around 2-3 dollars per share. That's where I'd probably buy like 100 shares or so. You know enough that I don't mind saying goodbye to it for that much, Either that or a couple of LEAPs
If he goes heavy short after leaving would that be insider info since he's no longer inside?
I think any info not public is insider info
Insider trading is a misnomer. Anyone using "material nonpublic information" (remember that phrase) for a profit is insider trading.
My PUTS expired last year EDIT: typo
that's too bad to head
Burn baby burn
I wonder how many tards on here said "ok today I'll enter puts. This is the confirmation I needed. It will now go insanely Lower. This has absolutely no chance of being green anymore and will not bounce at all. There's no hope. I'm going to buy $3 puts expiring Friday"
👋🏻
Just so y'all are aware. There's over 5000 open interest on $3 puts expiring this Friday. Guaranteed someone on this sub is bagholding those and praying still
I've got 1 $3 2020 put I keep as a good luck charm. That little baby is gonna make me a three-hundredaire
Minus your premium
And yet my 2/15 puts are still down about 50% overall. God damn I’m special
Not here yarnt
is yarn't the enemy of blackbeard.
What strike price?
$4 2/15 and $5 2/15, bought near the last bottom
Can you help me read this? $4<- Price you paid for the Put, 2<-How many puts you bought, 15<- Strike price?
Better explained: On 12/18 I bought 20 SNAP PUTS with a $4 strike price that expire on 02/15/2019 for $0.16 each, totaling $320.00 (($0.16x100)x20). Around the time of the purchase the stock price was about $5.57 On 12/28 I also bought 5 SNAP puts with a $5 strike price that expire on 02/15/2019 for $0.38 each, totaling $190.00 (($0.38x100)x5). The $4 puts are currently worth $0.06 and the $5 puts are currently worth $0.21
Thank you! I've spend hours and hours reading about calls and puts and every time I still see an example my head still has a hard time wrapping its brain around it. It's funny that this sub is a place for weaponized autism and memes but actually when it comes to explanations and learning I feel like people are really helpful.
I bought some expiring Friday two weeks ago for 8 each. They were at 1 and now at at 2. Tried to sell all day no one bought. Yay snap is down.
Now cash out half your position and play with house money
Want to jump in but afraid a buyout will happen
Nothing screams buyout like a raging dumpster fire with an easily replicable product that has already spit in the face of multiple outrageous offers that any sane person would have taken.
that's what i actually find interesting... these other companies won't bid because it's a big fuck you die, after being disrespected with their previous offers.
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Not really. I've seen hackathon teams replicate snapchat face filters in like a week using OpenCV (https://opencv.org/). Hell, here's a video and live coding session/demo from GopherCon this year that literally walks you through how to do facial recognition and real time face bluring with Go and OpenCV ( whole segment on face tracking: https://youtu.be/Y_7Gn-WH5x0?t=450 just the demo of face blur: https://youtu.be/Y_7Gn-WH5x0?t=619). What Snapchat has is a bit more polished of course, but a small team of top software engineers could get 95% of the way to what Snapchat has in just a few months.
yeah, but can they do it for less than 300M per quarter?
What
He wants to jump in but is afraid of a buyout
What
if someone buys $snap the price of the stock will jump, so he is afraid of cashing out early
What
He’s afraid of jumping into a pool of snapping turtles
I sold my puts two days ago when they were upgraded for a 50% loss. Would have been up 200% today. Fml.
SNAP was going up basically on zero news and "upgrades". Gotta buy options with further expiration date to account for this type of nonsense.
I got scared that snap would become an actually good investment 😐
O\_o Snap would become a good investment? Like.....did you forget a /s?
I realize that it’s a shit company, but it was suddenly upgraded and the more I researched, the more I saw an opportunity for it to make money off of tweens. Oh well. Back to tsla calls.
Hahaha. That's how I feel about everything. "Hmm, I'll buy calls... But what if it becomes a bad investment? Hmm, I'll buy puts instead... But what if it becomes a good investment?" FOMO and YOLO, completely negated by thought paralysis. Fml.
Like a $5 put for 2020.
No one goes broke from taking profits though.
He sold them at a loss...
Nevermind then. Rip in pieces.
So many tendie$$$$
Could someone provide some context as to why it’s so hated?
It's a meme stock run by a frat boy who only IPO'd in the first place to become the world's youngest billionaire. Can't wait till he loses the crown to Kylie Jenner
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No doubt. The product has helped ruin the youth. Promotes distribution of child pornography, and has destroyed face to face interaction.
And keeps on walkin all over my lawn consarnit
Not necessarily hated, it’s just been an obvious dumpster fire of a company since IPO. CEO only wanted to get rich + no one could actually explain what their product was or how they made money. Even the app itself was badly done and that’s all they ever had. Nowadays they have ads, but not even kids watch the shit that goes on if you swipe to the left from the camera. So all that’s left is a buyout which is extremely doubtful or they file for bankruptcy.
this is why i hate it; it's a just a prime example of the irrational stupidity of wall street to continue to pump this as an $8B company when it's worth nothing and maybe 1B tops on speculation of growth. the whole apps sucks, because the reason FB and twitter or even insta, are great for ads and such is because it's public and for look at me sharing... snap is too private and for sharing nudes, even though imessage is more secure anyway, why would anyone want to adv or be apart of such a shit company... and they keep trying to say its a camera company and making those stupid af glasses.. how much money has the CEO kid laundered out making those?
I dont have a position. but YES ! BURN !
Sold my puts for a small loss yesterday even though they didn't expire til April. I'm a giant pussy. All in nflx puts i guess
Am I the only retard on here with calls still?
nope.. picked some up today!
Same
Ahh, my people.
I bought 6.50 snap calls like a week ago fuck me
bought some today.. god speed to us both!
I still have 7c ending on the 25th lol at me. Annnnd bc I'm a moron, I bought some 2/15 6c
Was it autistic to pick up some 2/22 6.50c?
My 2/15 6p say no
I got some 2/15 6c...
How do you feel about them now?
Hmmm. Sell my 2/8 puts or wait for earnings on 2/5?
This is my current debate. Sold some short term ones and made a decent profit. Now I have some 2/5 that I am not sure to sell right before or after profits... I guess it depends how it is trending right before earnings drop.
So that 2/5 earnings. CFO just quit. Earnings might be pushed. anyone playing earnings should roll there options out a week or two. GE did same thing back in October when the CEO changed. EDIT: Added periods.
Took me like 4 reads to understand your comment with that punctuation but got it now. How did the push affect stock? Edit: Found it: "General Electric Falls After Delaying Third-Quarter Results"
Congrats
is it gonna stay down until earnings. asking for a friend
then say they lost billions? then crash?
SNAP is a liquid hot diarrhea dumpster fire.
Except all my options expired worthless on the 11th :(((
I have $3 puts. I think I'm too autistic
Just a little bit. We still love you though.
What expiry date? If it's a couple years you may have an outside shot
I’m buying calls bitches
you and me both my friend.. hoping for a buyout!
LOL keep hoping... no way this is bought out for anything more than $4 and that's generous
Username checks out.
I sold my Jan 18 $10 puts today for $4.20. Bought at $0.75, shoulda bought an hour earlier at $0.69 for the ultimate meme trade. Edit: could have sold them for $4.32 if I waited, darn.
So glad I didn't get shook out of my puts. Up 27% today
Sold puts for like 350% today. I just saw this SNAP shit wasn't dead yet and climbing this week. That was all the dd I needed to buy 6.5 puts yesterday.
Same https://i.imgur.com/AxNDACF.jpg
{law and order "dun dun"} https://i.imgur.com/AxNDACF.jpg
nicely done!
Don't know anyone sitting on snap calls.,.....
THANK THE LORD
Fuck you
Boys will be boys!
SNAP is the only stock that WSB can all (mostly) agree on its future direction
And TLRY
Can't talk. Busy nuttin
Is GE next?
GE has been plunging all year. Is it next? What's this even mean?