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SNAP Forecast



Price Forecast:


Bearish   <->   Bullish



Bullish Case: SNAP's strategic partnerships in AR and AI show promise, with historical price movements suggesting a viable upward trend. High user engagement could boost ad revenue, potentially exceeding $15 in the coming months.



Bearish Case: Regulatory scrutiny and privacy concerns could hinder user growth, as reflected in current market conditions. If user engagement declines, prices may fall below $10, driven by deteriorating sentiment in the options market.



Potential Outcomes:
  • Successful AR feature adoption leading to 50% price increase (40% chance)
  • Regulatory fines leading to a 25% price drop (30% chance)
  • Increased user engagement resulting in stable revenue growth (25% chance)
  • Significant platform controversies causing 40% drop (20% chance)



Trading Oracle: Given the elevated implied volatility peaking at 500%, consider a bullish debit spread—buy SNAP 01/17/2025 15.00 C, sell SNAP 01/17/2025 16.00 C. This leverages potential upward movements after the upcoming earnings report. Target a price recovery towards $15, capitalizing on market volatility.


November 23, 2024


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CAR Forecast + Options Trading Strategies   CAR  Avis Budget (0.71)


FLNG Forecast + Options Trading Strategies   FLNG  Flex Lng (0.7)


RIO Forecast + Options Trading Strategies   RIO  Rio Tinto (0.66)



Uncorrelated Assets

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TGB Forecast + Options Trading Strategies   TGB  Taseko Mines (-0.0)


HDB Forecast + Options Trading Strategies   HDB  HDFC (0.0)


CWH Forecast + Options Trading Strategies   CWH  Camping World (0.0)


CTLP Forecast + Options Trading Strategies   CTLP  Cantaloupe (-0.0)


GLBE Forecast + Options Trading Strategies   GLBE  Global E Online (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SNAP


SHW Forecast + Options Trading Strategies   SHW  Sherwin-Williams (-0.67)


ITB Forecast + Options Trading Strategies   ITB  BTC iShares U.S. Home Construction (-0.68)


RACE Forecast + Options Trading Strategies   RACE  Ferrari (-0.68)


MHK Forecast + Options Trading Strategies   MHK  Mohawk Industries (-0.71)


VRNS Forecast + Options Trading Strategies   VRNS  Varonis Systems (-0.71)







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