TWTR: Long SHARES into Earnings but sell ATM calls to be safe
TWTR has shown significant reversal technically and 1st target is 51.
It is after all a monopoly and monetization will be good, losing users from banning half of America is a short-term issue and is probably priced in. After all, most of the users on TWTR are leaning left.
Cheap compared to all other major social media names.
Charts don't lie, enough people want to own it and enough people are using it and enough cloud to be considered a monopoly for a long time to come.
Am inclined to sell ATM covered call to collect some premium just in case the user # is really bad and the street care, then they may not.
It is after all a monopoly and monetization will be good, losing users from banning half of America is a short-term issue and is probably priced in. After all, most of the users on TWTR are leaning left.
Cheap compared to all other major social media names.
Charts don't lie, enough people want to own it and enough people are using it and enough cloud to be considered a monopoly for a long time to come.
Am inclined to sell ATM covered call to collect some premium just in case the user # is really bad and the street care, then they may not.
Comment:
I should clarify that "banning half of America" I mean banning the voice of the half of America after a good 75 mil people did vote for the said ticket.
Comment:
Stay frosty and Peace.