Looking to long 
SNOW into the 350-360 range off of this falling wedge/inverse head and shoulder combo.
Notable order flow supporting this idea is:
**all 2/19/21 expiration**
$400C $585k sweep
$335C $1.6M sweep
$330C $1.4M Sweep
*1/29/21 expiration**
$355C $104k block
$380C $270k block
Safer play would be selling puts on this. Possibly 2/12/21 $285P for ~$1800 in premium. 6% cash on collateral return for 1 month hold. Breakeven at $267 a share
SNOW into the 350-360 range off of this falling wedge/inverse head and shoulder combo.Notable order flow supporting this idea is:
**all 2/19/21 expiration**
$400C $585k sweep
$335C $1.6M sweep
$330C $1.4M Sweep
*1/29/21 expiration**
$355C $104k block
$380C $270k block
Safer play would be selling puts on this. Possibly 2/12/21 $285P for ~$1800 in premium. 6% cash on collateral return for 1 month hold. Breakeven at $267 a share
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.