Twilio, Inc. A Cert Deposito Arg Repr 0.0277777778 Sh
No trades
Trade ideas
TWLO on watchTWLO after hours above $33. $35 looks to be a point of interest so see if it gets there and turns back down or wants to head up. We may need to watch this for a few days to get the direction right if it doesn't make it to $35 tomorrow. If it heads down first, look for $32 as a support area.
TWLO ShortDaily has hidden bear divergence
4 hr has already set up normal bear divergence (higher price lower momentum)
Price seems to stop around a possible support turned resistance point at 30s area. would like to see TWLO retrace back higher to 31 though.
if TWLO drops from here, will wait for a retrace on that drop to grab longer term puts
Risk management, decision timeI am long 200 shares < 5% per rules and added this higher beta name to compensates for my lack of delta. It quickly turned south and I was left holding the bag (a fool and his $$$ were lucky enough to get together in the 1st place---BH) I did reduce basis by immediately selling calls and have reduced basis by 6.30. With earnings approaching 5/2 I need some upside momentum but is still pretty far off. I am considering a 1 by 2 call ratio spread for a .14 credit if set @ 33/35 (if placed today) This would give me the most options of rolling out short strikes and is fairly neutral....letting the risk ride with a "stock repair" options strategy to help me break even or little better. My other consideration is to sell the ATM straddle, which adds risk and if placed today @ 31 for a 4.28 credit is much more aggressive. With by break even price now @ 32. Publishing this post to try to get in the habit of posting ideas and learning to use functions on charts.
