not sure of the impact a lot of margin calls happen after expiration. noticed Tom OBrien and other sharp traders did not even mention it Now this money would come in this week. https://schrts.co/MpPJJWFP
SNAP is big but not that big, but fear factor or others companies following suit.....SNAP just announced earnings on 4/21 and they weren't good...then a big AH warning tonight.....overall markets tanked for now as I type.
See where we are at 9:30am. Very reason I don't hold overnight long or short.
one thing is certain SNAP miss was more important then the repo news caused the market to dump hard ATH now bouncing bear market surprises make any long position scary overnight market hypersensitive to bad news