We can take a long position in TWTR here, we're long and looking to ride the upcoming uptrend leg.
Check out related ideas for the previous trade opportunity in TWTR .
It's a very strongly accumulated stock, this is just the beginning of the uptrend in it.
I added to the trade here using the same stop. If we progress favorably after FOMC; we can expect a huge rally here.
Bought protective puts for one month.
Close half the position and close the protective put. Profit: -60 per put, +300 per 100 share batch.
If TWTR is acquired it'll probably go even higher.
Trade closed manually:
Closed TWTR @ 23.38
I bought back and already added on yesterday's dip. Now in nice profit.
(sent to my signals clients naturally)
Price gapped under my stop so I bouoght puts at the money for 1 month to hedge my risk.
I then doubled my position and shorted the December 16, $23 calls.
I'm looking to exit my puts if we get a smaller range day tomorrow, or we start to move up.