🎯 $Snap Inc.(SNAP) Options Strategy: Short Iron Condor
- Underlying: SNAP
- View: Neutral / Range-Bound Consolidation between $5.53 and $6.03.
- Strategy Type: Credit Spread / Volatility Selling
- Option Contract Portfolio:
- Sell 1 SNAP 2026-05-29 $5.50 Put @ $0.155 (Mid)
- Buy 1 SNAP 2026-05-29 $5.00 Put @ $0.045 (Mid)
- Sell 1 SNAP 2026-05-29 $6.00 Call @ $0.115 (Mid)
- Buy 1 SNAP 2026-05-29 $6.50 Call @ $0.045 (Mid)
- Max Gain & Loss: Max Gain = Net Credit Received (~$0.18). Max Loss = Width of Spread ($0.50) - Net Credit = ~$0.32.
- Initial Cost/Credit: Initial Net Credit of ~$0.18 per spread.
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