I’ve made a good amount of cash shorting SNAP, I can’t understand who is buying when they have provided guidance of decreasing DAU’s for at least one more quarter. I hope employees at SNAP are negotiating more stock or salary, they could do so much better at other firms.
Yeah -- I bought some puts at 5 expiring in January for a nickel apiece in August... It was pretty obvious there was nothing there and would drop like a stone -- the question was when the market would wake up. I honestly don't understand what the longs are betting on here, either.
