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SNAP Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: The upcoming earnings report on October 29, along with innovations in AR and partnerships, could significantly boost user engagement and ad revenue, driving prices higher.



Bearish Case: Persistent competition from larger platforms and regulatory scrutiny regarding data privacy may negatively impact user trust and revenues, potentially leading to stock declines.



Potential Outcomes:

1) 40%: Successful earnings report boosts stock.

2) 30%: Regulatory backlash leads to operational changes and stock dips.

3) 20%: Innovations enhance user engagement.

4) 10%: Major competitor gains unexpected traction, affecting market share.



Trading Oracle: Consider initiating a bullish debit spread, buying SNAP 11/01/2024 12.00 C and selling SNAP 11/01/2024 13.50 C, leveraging elevated implied volatility. This strategy targets the upcoming earnings surge, maximizing profit potential while limiting risk exposure with a favorable risk-reward ratio.


October 27, 2024


Snapchat Forecast

SNAP        Snapchat

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Correlated Assets

Assets that tend to move strongly with SNAP


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (0.76)


HLF Forecast + Options Trading Strategies   HLF  Herbalife Nutrition (0.76)


IPGP Forecast + Options Trading Strategies   IPGP  IPG Photonics (0.72)


ACLS Forecast + Options Trading Strategies   ACLS  Axcelis (0.69)


RMBS Forecast + Options Trading Strategies   RMBS  Rambus (0.69)



Uncorrelated Assets

Assets with little price relationship to SNAP


ACHC Forecast + Options Trading Strategies   ACHC  Acadia Healthcare (0.0)


IPI Forecast + Options Trading Strategies   IPI  Intrepid Potash (-0.0)


PCAR Forecast + Options Trading Strategies   PCAR  Paccar (-0.0)


AVXL Forecast + Options Trading Strategies   AVXL  Anavex Life Sciences (0.0)


CTAS Forecast + Options Trading Strategies   CTAS  Cintas (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SNAP


ABBV Forecast + Options Trading Strategies   ABBV  Abbvie (-0.71)


CTLT Forecast + Options Trading Strategies   CTLT  Catalent (-0.71)


CBOE Forecast + Options Trading Strategies   CBOE  Cboe Global Markets (-0.72)


AON Forecast + Options Trading Strategies   AON  Aon plc. - (-0.73)


LIN Forecast + Options Trading Strategies   LIN  Linde (-0.75)







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