$SNAP winding tight going into earnings.

SNAP is getting wound tight going into earnings.

The current price is sitting just above swing low anchored VWAP. Price is also at a convergence of 20/50/200 SMAs.

04/28 Expiry IV is 119.20% with +/- 1.83, meaning the options are priced for a move as high as $12.60, or as low as $8.