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Options Surge Signals Potential Snap Comeback | Markets & Money News
Snap Inc. shares surged nearly twenty percent in October, breaking free from a slump below ten dollars. Traders are excited, especially following a record day of options trading where almost 140,000 options were exchanged, predominantly call options. The top contract, an eight-strike call expiring December 18, traded 26,000 times. Analysts suggest investing in augmented reality glasses could push Snap’s value to $12-$14. As optimism grows, all eyes are on Snap’s potential market shift.
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