The August 4 setup on Snowflake Inc (SNOW) closed exactly as anticipated.
After a textbook failed breakout on August 1 — complete with heavy selling and a decisive close back under the 50-day SMA — the stock never regained its footing. Buyers trapped above prior highs stayed underwater, and every attempt to push higher was met with supply.
This trade didn’t need another sharp drop. All it had to do was let theta do the work while price hovered below resistance. And that’s exactly what happened — clean, controlled, no drama into expiration.
Trade Recap
Structure: Bear Call Spread
Expiration: Aug 8, 2025
Short Call: 222.5C (10 delta)
Long Call: 227.5C
Contracts: 14
Credit Received: $0.37
Broker Fees: –$33.31
Net P/L: +$485
👉 View on OptionStrat
👉 View in Trade Log
Post-mortem
This was as clean as it gets. The signal was clear, the structure was positioned above a wall of resistance, and price respected the setup from day one. No bullish follow-through, no squeeze risk into expiry — just a steady decay into a full win.
❤️ Support the Project
This Substack is free to read.
If you find value in the posts and want to support consistency,
you can do so 👉 by donating here 👈
Thanks for reading. Let’s build better trades.
Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.