Reddit Posts
Be careful of those who are giving advice in a bull market
META and Pedophilia Child S*X Trafficking Discussion, Why Do Advertisers Not Care
Which companies’ products do you use so much that you bought their stock?
Fuck $SNAP, fuck this clown world and fuck this clown market
SNAP is a shit stock but it’s in a technical breakout and you should get on board
ExxonMobil passed Tesla as the most shorted stock last month. Here are the 10 names investors are betting against the most.
1.5 year follow-up on buying the dip on pandemic stocks
Most Important Stock Market Earnings from Today - (10/24/2023)
YOLO Alert - What to do for Snapchat's earnings?
Los Angeles Rams, Snapchat & Princess Cruises launch augmented reality experience at SoFi Stadium
Am I crazy thinking Bumble ($BMBL) is completely under-valued right now? Part 2
Snap outperforming Exxon with no net income. Wish I worked at SNAP seems like fun.
Should I cut my losses, drop the bag, and move on to something else?
I already took 4 loans out to finance my options plays. Here’s my journey
350% Account Gain 2 Weeks -> shill me your worst stonks to buy for growth
IT'S THE BIG ONE - What to do for META's earnings tonight!
How do any of make money doing this ?
Options in play!!! Tomorrow will be LIT
Are you playing SNAP earnings today? Here's why PUTS will be a winner.
Puts on SNAP ahead of earnings tomorrow?
UP 160% on YOLO Account Week 1 - Week Puts $COIN $SNAP $SPY $PTON
30% port into $SNAP Earnings / 2024 Puts - I havn't used this app since I was like 15
$SNAP to the moon🚀 (asking for a friend)
“It’s definitely possible” SNAP My AI is my only friend
Snapchat’s My AI giving me non-biased investment advice for SNAP. Is $35 definitely possible ?
SNAP My AI giving me investment advice that isn’t biased
What's going on with SNAP lot of calls going on? BULLISH? what are your thoughts?
What is Happening to SNAP today? $SNAP taking out a new high 12c 8/18 banging. $1.5M in $SNAP 12c 8/18 traded yesterday, now $1M today.
COEP unusual premarket high volume
FSLR puts, debt ceiling spending cuts will fuck them
Confused about the debt ceiling? Here’s what you need to know
SNAP Stock Question ? Potential Growth, Bearish or Bullish ?
What to do for Pfizer's Earnings tomorrow morning
This is why I'm getting SNAP puts for tonight's Earnings
$SNAP earnings on 4/27. Somehow they are still worth $17B. Here are insider trades... thoughts?
2023-04-13 Wrinkle Brain Plays - In the style of Cookie Monster
2023-04-10 Wrinkle Brain Plays - In the style of Edna Mode
Social Media Companies (META, SNAP, PINS, etc.) and advertising
2023-04-06 Wrinkle Brain Plays - In the style of Buzz Lightyear
Helping the WSB gain counter with $72,684 gain in March
Goldman Sachs: U.S. consumer sentiment is deteriorating rapidly
Goldman Sachs: U.S. consumer sentiment is deteriorating rapidly
2023-03-29 Wrinkle Brain Plays - In the style of Wednesday Addams
$META and $SNAP watching the TikTok CEO getting roasted by Congress and eventually banned
$META and $SNAP watching the TikTok CEO getting roasted by Congress and eventually banned
SNAP participants from all 53 local agencies will finally be able to receive refunds for stolen benefits
Mentions
>People use it in Costco all the time, and I personally know many of them. You don't know what you're talking about. You got me. I did discount people who are committing felonies but go uncaught. Have a couple children with your girlfriend / boyfriend, put different addresses on your tax returns, and the one who claims the children will be eligible for SNAP while being able to afford $500-700 food bills at Costco or BJs.
That's a lot of people. A quick search on the internet shows that Costco captures 6% of SNAP spending (total $100 billion), and Costco's US revenue is $250 billion. That's 2.4% You can only buy cold food with SNAP. Cold food + hot food + sundries only make up about half of Costco's total revenue. That means cold food is only a fraction of half, and SNAP users likely make up several times more than 2.4% of Costco's overall membership. Let's say it's 3x or 7.2%. Costco has 132 million US members. That means about 9.5 million SNAP users shop at Costco. There are 40 million SNAP users in the US. 9.5 million means almost 1 out of 4 shop at Costco. And that's just Costco, not including other warehouse clubs like BJ's and Sam's. The previous poster had absolutely no idea what they were talking about. Many SNAP users shop at warehouse clubs.
Estimates are that SNAP spending makes up maybe 1% of Costco’s annual revenue.
I think SNAP is fucked because of the shitdown lol
CAG stock is trending down, sells lots of processed foods that SNAP buys. Good dividend. Buy the dip.
LOL. If this was real I'd accept it. I did get banbet'd on SNAP. So, there's that.
Nope. But thanks to the government shutdown people might not even get SNAP next month.
$SNAP covering $BYND? Hmmm
Does SNAP cover beyond burgers? Asking for a friend
Between SNAP being cut, 50501/NoKings calling for boycotts, and people running out of money and credit, the stock market is gonna have a hell of time keeping up it's numbers.
I lost a banbet betting on SNAP. This is just one level cooler than meat bag holders hodling.
GIS is what I just bought. Good earnings, suffering from the SNAP drama. CG a contender. I think COST is also down because of snap
These food company stocks are going to rebound hard once the gov turns back on. It's ridiculous to think somehow we'd permanently just stop SNAP benefits with no notice. Neither side would agree to do that. Buy the fear!!! Not sexy, but...$
Please jpow make my SNAP calls print i really want to buy a vision pro
SNAP benefits ending would probably greatly negatively affect the lives of millions, but do you really think MMs give the slightest fuck about it?
Everyone is aware right that this is gonna crash at the end of the day? It’s because there is economic problems looming next week with the uncertainty of SNAP benefits for 42 million Americans ending on Oct 31st. It’s gonna likely crash hard and merciless
Want to know how I know you don't know SNAP eligibility requirements?
A lot of people use SNAP in warehouse clubs. Not everyone on SNAP lives paycheck to paycheck. There's a whole spectrum from poor to totally broke.
I think it’s a combination. The government shutdown essentially adds 3 million people that aren’t being paid. The entire agriculture industry is at risk of collapse due to tariffs. The inflation “figures” don’t match the reality that most are seeing at the grocery store or gas station. People are now deciding to forego health insurance next year due to premium increases. SNAP says it will be insolvent next month.
Can you buy cake with SNAP benefits? Not for long!
SNAP news, might snatch some 0dte calls at open
Looks like SNAP and TSLA are the only red non metals
I mean the people who use SNAP will still have to buy food and essential goods with or without the government assistance… not sure shorting the grocery stores is going to be a great play. I would think they would reduce spending in other areas (maybe skip buying the newest iPhone) in order to keep food on the table.
I will literally lol if the ending of SNAP benefits is what finally kills grocery inflation.
I don't like some of the Republican cuts while at the same time I think it is foolish to continue Covid emergency medical spending forever on a system that is not sustainable. It is possible to dislike both parties here. SNAP, yes, Republicans do want to cut that some. But, there is some irony that the budget still has a lot of SNAP funding in it and the Democrats won't let that pass. Definitely dislike both parties.
The didn't like some of the previous cuts and they want the Covid funding to continue past its original expiration date. I don't like many aspects of the budget but no budget is worse. SNAP could go to 0 November 1st. I wish they would allow some of the budget to pass.
The budget that all the Democrats are voting against has SNAP benefits ;) I say this as someone who dislikes both parties tremondously.
How regarded am I for buying SNAP shares at 8.27? Rate out of 1-10
If the SNAP recipients could just think about Barron Trump's net worth, they would chill out. /s
Bols will starve once funding for SNAP ends next week.
Colorado will hopefully pass two ballot measures that fully fund free school meals for all + SNAP by lowering itemized deductions for people making over $300k.
Most states have a work requirement to receive SNAP. Almost everyone on SNAP is working, retired, or disabled.
Same people investing in SNAP like it's 2012
speaking of SNAP , maybe short some candy chocolate company since they can’t be used for these food …soon?
Agree most people (not all) on SNAP should be looking for something called a job
Just because they qualify for SNAP doesn't mean they have no money.
OPEN stock is going to suffer when people have to spend their money on food when their SNAP benefits run out
Bers might starve since SNAP funding will run out in a week.
| Retailer | SNAP dollars (of $100B) | % of retailer revenue | | ---------------------- | ----------------------: | ----------------------------: | | Walmart (consolidated) | $25.5B | 3.74% ([Supermarket News][1]) | | Sam’s Club (segment) | $4.3B | 4.65% ([Supermarket News][1]) | | Costco (consolidated) | $6.0B | 2.18% ([Supermarket News][1]) | | Kroger | $8.4B | 5.71% ([Supermarket News][1]) | | Albertsons | $5.9B | 7.45% ([Supermarket News][1]) | | Target | $1.8B | 1.69% ([Supermarket News][1]) | | Amazon (consolidated) | $1.3B | 0.20% ([Supermarket News][1]) | | Publix | $2.7B | 4.52% ([Supermarket News][1]) | | Dollar General | $2.3B | 5.67% ([Supermarket News][1]) | | Dollar Tree* | $1.6B | 5.08% ([Supermarket News][1]) | [1]: https://www.supermarketnews.com/foodservice-retail/walmart-dominates-the-retail-field-in-snap-grocery-market-share?utm_source=chatgpt.com "Walmart dominates the retail field in SNAP grocery market ..."
ok, but if they didn't have the money to pay for it before, and now they don't have SNAP benefits, who is paying for it? Are they going to steal it?
I followed you into the SNAP play too and got a nice short term gain and locked in profit, now holding the rest of my 2027 calls 30 $7 calls
Anything agriculture. Food stores will not be the big ones. Even though SNAP losses will impact food stores the general dispersion of these impacts will not be heavy hitting to anyone in particular.
as for SNAP shutting down, you get what you bloody vote for
Do you know what their profit margins are on SNAP items. When I worked in the grocery industry a long time ago, we made 1-2% on the items you buy in the aisle. Our big profit items came from the outer departments like Meat, Cheese, Bakery, Deli, Seafood, Etc. If this was more like WIC, where you know what items they are going to buy, it would be easier to calculate. This is going to be very unpopular on reddit..........I always thought a program like WIC provided a lot better results. The majority of SNAP users make terrible decisions when it comes to the items they purchase. I think the average American would feel the same way if they saw what the people running the registers saw. I'll never forget the time that we had a store coupon for an item that the person picked up. Even before I saw that they had SNAP, I offered them the coupon. Their response "I'm not poor, keep your coupon".
>The BJ's wholesale club is another example of an exposed company. There is no way you can be on SNAP and afford to shop at BJs.
Economy is not the stock market. Crime will rise because of this SNAP nonsense, people will get hurt, like babies won't develop as well and shit but as far as the stock market is concerned, those people don't buy shares.
And SNAP benefits ending !.... Happy Holidays, amirite?.. ugh. I'm about to sign up to donate $500 monthly to Oregon Food Bank,. just because I feel awful at how this is going to wreck people. Also in my 10story apartment building there's a 1st floor mailroom + lounge etc that there's a big table, that's kind of commonly used as the "free table" (people leave things on it to give away). I've started leaving a box of groceries on it every Sat morning after I finish my own grocery walk. It's infuriating that so many of us at the bottom have to start trying to make up for all the grifting and stealing being done at the top.
No SNAP benefits in the busiest grocery month of the year is not great for the economy.
The average American doesn't even understand what inflation, never mind austerity is. People only riot when doing nothing is more uncomfortable for them than doing something. They pretty much need to be starving. Even with SNAP getting cut in the "shutdown" people will find ways to eat as long as there is food nearby.
To answer your question accurately you have to find out what percentage of total sales is to low income people. For example, Dollar General and Dollar Tree sell groceries and a very high percentage of their customers are lower income, and thus they are exposed of SNAP benefits go away. The BJ's wholesale club is another example of an exposed company. There are lots of local grocery stores that will be hurt, but you probably don't care about them since they don't have publicly traded stocks. I think the really big grocery chains including Walmart won't be hurt as bad as the smaller ones because they are more diversified in their products and customer base.
Afaik KO hasn't addressed the proposed in-state SNAP soda waivers to US revenue in any of the conference calls. I'm surprised someone hasn't asked about it yet. The snap waivers on "junk" food are a more long-term issue for consumer staples imo than a one-time SNAP interruption that I also think probably won't actually happen. The comparatively ok staples have plenty of international business.
Yes. Ignorant take you have there. When people cannot feed themselves, it gets very, very bad. side note, SNAP benefits are not going out in November.
Will consumer staples take a hit next quarter if USDA isn’t issuing SNAP/EBT for November due to govt shutdown?
SNAP is cancelled for next month and the President is paying himself $230m. Keep that SPY p/e up retail
Share count is going up almost constantly. Yes, slower now than before, but still increasing a lot given the overall company fundamentals and valuation. [https://www.macrotrends.net/stocks/charts/SNAP/snap/shares-outstanding](https://www.macrotrends.net/stocks/charts/SNAP/snap/shares-outstanding)
SNAP close to 52 week lows will likely double within the year. Low entry point $7-$8. They are an advertising, AI and wearables play.
No SNAP next month , how the fuck do I open puts on Chinese supermarkets , most of their customers uses SNAP
When you're hungry grab a Snickers, unless you only have EBT SNAP benefits and they run out in another week. No person is angrier than a hungry person. Get readdddyyy for the bs to continue.
they can just get SNAP, oh wait, nvm
This is one of those times where the whole tech industry is going to drop once SNAP reports their shitty earnings. Rip my calls
One of my friends is on SNAP program; she is stocking up canned foods in preparation for the coming food stamp shortage. 😞
Buy at < 2.00$. SNAP is the next
Next one is SNAP - get ready guys!
I guess the market realized SNAP doesn’t include fake meat
Bols double checking if SNAP food benefits are actually turned off in 2 weeks.
Buying food stocks during the government shutdown without SNAP. Impressive.
So now that the economy is on shaky legs, how’s the middle class doing? Oh that’s right, prices have increased exponentially, hundreds of thousands of jobs LOST for the first time in years, millions of Americans furloughed/laid off, healthcare costs skyrocketing, SNAP running out of funds, etc etc. All while Donnie Diddler builds a $250million ballroom, sends $40billion to Argentina, $400million for a Qatari jet, $45million for a birthday parade, $21billion to Israel, and the list goes on. The economy WAS good under Biden and just because you didn’t or couldn’t take advantage of it doesn’t mean it wasn’t. I’m as average Joe as they get. Bought a house, refinanced said house, got two promotions, and my stocks/crypto soared under Biden. Now, in 2035, that’s literally impossible 😂 Democrats barely lost 2024 for one simple reason. 20% of 2020 Biden voters sat out in protest over Kamala being wildly unpopular & chosen for us AND the Palestine war. Full stop. Democrats have since won almost every election since November 2024 except Florida, even turning +35 Trump Florida districts into +4 and +5 in just 10months. Republicans won’t be winning another major election for a long time and they know it, that’s why they’re scrambling to gerrymander every red state 😂
>Food stamp/SNAP benefits won't be issued for November due to government shutdown Hmm
How do you calculate which strike/date to roll to, lose half the amount of contracts but closer to the money further expiration? Try to keep the amount of contacts but go further out the money? I started a position on the 8th, currently down, but I agree with your reasoning. $SNAP 2026 lets gooooo https://preview.redd.it/dued15fz1lwf1.png?width=1198&format=png&auto=webp&s=e9c25bedd938a070a76c0794f5d914eb531fafc0
There'll be cuts, but it won't be because they're necessary or that they're even good. Inflation continues to grow out of target and unemployment numbers get worse with every (legitimate) report. Rate cuts are inflationary, so this is bound to spiral. The problem is that our statistical authority has been hijacked by Trump, so the numbers can't really be trusted. The Fed is basically flying blind and doing what it can to keep the administration from launching political investigations against its members. With SNAP being cut off because of the shut down, you're gonna also see another fucked up signal as grocery sales drop. At the same time, prices will continue to rise. We live in fucked up times. Eventually it's going to crash and none of this will matter. Every passing day, though, is guaranteeing a more brutal level of pain when it does happen.
Have a feeling tech earnings are going to be a bloodbath this quarter. Praying for my SNAP calls
SNAP sitting in a particular chair, perhaps?
Everyone partying but my boy SNAP sitting in the corner doing everyone’s homework
$100B in spend at WMT come from SNAP. That's 25% of all SNAP benefits.
I might be wrong, but I thought I saw SNAP was being paid still
SNAP benefits about to stop being paid due to the shutdown, US about to turn into 1790's France and Donnie gonna be like, "let them eat Argentinian beef". Shit about to get crazy.
Happens. My other plays have worked out splendidly. OPEN has been my only 6 figure loss with options. I have significantly more winners tho (GAP, UNH, NVO, ORCL, MU, SNAP, LDI) - all of which resulted in 5-6 figure gains, some of which were almost a million in gains. Goodluck!
Thought SNAP was going lower today. Wrong so far.
Im wondering when people will realize the government ain't opening for a while. Keep seeing people say it'll be over by friday.... every week. Next month millions aren't gonna get their SNAP food stamps. Which means money that couldve went to rent, bills, debt payments, and luxuries is gonna go into food.
This is what I’m going to do. For example, I want to get into SNAP but I’d rather buy 10 calls than 1K shares since the potential is way bigger and a deep ITM LEAP is 2K vs. 7K and both ways the risk is less
I’m still down on my $FLY and $SNAP…. but fine I’ll put my mortgage on this one
Still in the red with SNAP boss.
The AWS problem today showed how resilient different services were. If an AWS issue can take out your company, you are showing weaknesses in your architecture. For instance, SNAP was down for 12 hours today.
Full porting puts on $SNAP and $AMZN
Should’ve put that in AMD, PATH and SNAP
People are so fucking stupid. Country is literally on its way to burning down and they think im gay. Active military at food banks and no one is gonna have SNAP for November in Thanksgiving. Snap is not only for the lazy unemployed. Tons of employed full time workers meet the criteria including Walmart employees. We gonna be fucked bruh. Im buying puts. Downvote me. Im narcissistic so I like downvotes.
All eyes on SNAP. Miranda will bring new energy to Evan and then we all will fly. Let that shit rise! I need my money back! I need positive impression! I need the line above $10. Come on Miranda - DO IT!
Wait til their SNAP vanishes in a couple weeks
I think we will CRASH hard by end of November. Lots of people getting notified they are cut off of WIC/ and SNAP. Insurance rates doubling. For all this to happen right before Thanksgiving and Christmas is too much. There's gonna be riots and mass theft if the government doesnt reopen. Book it. Set a reminder for this comment.
They pay Google (and AWS) about half of their revenue to host dick and tits pics. They also spend about a quarter on stock-based compensation — possibly the most egregious of any company. Spiegel has sunk almost $2 billion into a god awful looking spectacles "project", but the worst problem facing SNAP is that they've been stuck around 100 million (dropped to 99 million) North American users, their bread and butter when it comes to ARPU and there's nothing to indicate a reversal since social media is in general decline. People compare it to Meta and say it's undervalued but Meta has scale and pricing power, Snap doesn't, it is a dead company and a dead stock until they can grow their NA base again and get their expenses in order, unlikely to happen anytime soon.
I like doing vertical spreads with at least 60-75 DTE or more so there's wiggle room for days like this past week. I like to start them ATM with at least 1.5 to 2 R or more and will close them around 70-80% profit. If they lose 20% I get out too. This is just the average setup but depending on how quickly things move or how the play feels I'll close quickly or let them ride for higher profit levels. I try to trade momentum stocks or find oversold ones. Some wins include SNAP, AMD, OKLO, MSFT, SOFI. Losers include DIS and MSTR. The biggest factor I've found in all of this is trade management, not over committing size to one play and closing losers quickly, so wins outsize losses overall.
There were over 40 million recipients of SNAP benefits in FY 2024 (over 12% of the U.S. population). It is one of the primary methods for providing assistance to those living at the margins. (\~42M people) x ($188 avg per month) x (12 months) = approx. **$94B** before admin/misc/other costs [https://usafacts.org/answers/how-much-does-the-federal-government-spend-on-snap-every-year/country/united-states/](https://usafacts.org/answers/how-much-does-the-federal-government-spend-on-snap-every-year/country/united-states/)
I bought SNAP coz it can only fall $7.67 to go to zero.. but you cucks are buying NVidia which can fall $180 to go to zero… Full ported 100K snap shares at 8.27