Traders bet Snap could soar 12% after earnings

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Traders bet Snap could soar 12% after earnings
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Traders bet Snap could soar 12% after earnings $SNAP (via OptionsAction)

in 2019, with Snap up a whopping 162%, Facebook tacking on a 55% gain and Twitter climbing more than 30%.

Snap shares saw four times the amount of calls — trades that bet on the stock going higher — as puts, or more bearish bets, with the options market implying a 14% move for the stock by the end of the week.

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