SNAP Earnings Today ! $26.50 Strike Price Puts loading

On 2022-02-14, SNAP largest shareholder, PRICE T ROWE ASSOCIATES INC, reported the selling of 17,607,412 shares.
MORGAN STANLEY also sold 4,061,262 shares and BlackRock Inc. 519,482.

I am thinking to buy the 26.50 strike price puts expiring April 29 for $1.61 premium.

Looking forward to read your opinion about it.

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