$SNAP winding tight going into earnings.
SNAP is getting wound tight going into earnings. The current price is sitting just above swing low anchored VWAP. Price is also at a convergence of 20/50/200 SMAs.
04/28 Expiry IV is 119.20% with +/- 1.83, meaning the options are priced for a move as high as $12.60, or as low as $8.
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