TWTR - Twitter Long

Twitter, Inc.NYSE

Description

⋅ Aug 6, 2018 7:29 PM

Relative high IV here in TWTR....

-1 Sep21 $32 put for $1.35.

Risk: 2x cr received or continue to roll out.
Profit: 50% cr received.

Trade active

⋅ Aug 21, 2018 2:17 PM

Nice little up day today, so I am rolling out the $32 puts to Oct19 cycle for add'l $.59 cr.

Trade closed manually

⋅ Aug 27, 2018 5:59 PM

Closed this trade out today for quick % winner again, $1.05 db. I'm continue to monitor TWTR if it chops sideways more.

Trend Analysis Beyond Technical Analysis

Comments

NaughtyPines

⋅ Aug 6, 2018 10:06 PM

Went nondirectional IC in the kid's account: Sept 27/30/36/39 for .98, so a smidge short of 1/3rd ... . :)

Benji

⋅ Aug 7, 2018 12:33 PM

@NaughtyPines, I like that play as well. I think it's tough to play ICs on the volatile plays, but when you're talking wings w/ prices over 10% away, then you are typically good to go.