What is the likely market reaction to the postponement and how should I position my trades accordingly?

Market reaction

The abrupt postponement of Snail’s Q2‑2025 earnings call is a classic “information‑gap” event that tends to trigger a short‑term negative bias. With a sentiment score of –15 and no guidance or earnings data to cushion the surprise, the market will likely interpret the delay as a signal that the company may have material issues it does not want to disclose immediately. In the first 30 minutes after the release we can expect a modest sell‑off—typically 2‑4 % on a thinly‑traded Nasdaq‑listed name—followed by heightened volatility as traders scramble for any follow‑up details.

Trade‑positioning

1. Short‑bias on the equity – Open a modest short position (e.g., 1–2 % of daily average volume) with a tight stop just above the recent high (≈ $0.10‑$0.12 above the current price) to protect against a quick rebound if the call is rescheduled with bullish guidance.
   
2. Option play – If you prefer defined risk, buy out‑of‑the‑money (OTM) puts 1–2 % OTM with an expiry 1–2 weeks out; the premium is cheap and the delta‑risk is limited while still capturing the expected downside.
   
3. Technical guardrails – Watch the 20‑day SMA and the 50‑day SMA. If the price breaks below the 20‑day SMA on volume, it confirms the downside bias and justifies scaling in the short. Conversely, a bounce back above the 20‑day SMA with strong buying volume would be a cue to tighten stops or flip to a neutral stance until the earnings call is finally held.

Bottom line – The postponement is a short‑term bearish catalyst. Take a controlled short or put‑option position, protect with tight stops around the 20‑day SMA/20‑day high, and stay ready to adjust as soon as the company announces a new call date or releases any forward‑looking guidance.