Put Buying Continues in Snap (SNAP) Ahead of Today's Earnings Announcement -Susquehanna

Susquehanna options strategists Alison Edwards notes continued put buying in Snap (NYSE: SNAP) ahead of the company's earnings announcement after the market close today, as investors bought ~6000 May12 20 Puts, as well as ~5000 May12 20.5 & 21 strike Puts, while opening investors also bought 7,000 May 20.5 Puts.

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