Some bullish options traders on Wall Street are betting Snap’s troubled stock might bounce back as early as next week.
There have been some big block buys in the options pit, according to trader Jon Najarian, co-founder of Najarian Family Office and a CNBC contributor. The unusual trading activity — “huge,” “massive” buying of August calls — signals that the stock might pop back above $15 sometime this month and maybe as early as next week, Najarian said on CNBC’s “Halftime Report” on Friday.
