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Jim Strugger's Bullish Snap Trade

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Jim Strugger of MKM Holdings suggested on Bloomberg Markets that traders should consider a bullish options strategy in Snap Inc (NYSE: SNAP).

He explained that the internet stocks bottomed a week after the lock-up expiration and he believes that could be a case for Snap, too. To make a bullish bet, Strugger wants to buy the September 15 call and sell the September 11/9 put spread to partially finance the purchase of the call.

 

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Posted-In: Bloomberg Markets Jim StruggerOptions Markets Media