I was a little over exposed to TWTR coming into analyst day. It’s one of my largest stock positions, my largest Nov option position, and I bought December calls yesterday.
Let me take you back a few weeks to this post: http://ibankcoin.com/option_addict/2014/10/29/twitterpated-2/
In Vegas, we broke down this trade as one of my top conviction longs, based on sentiment. Conversely, while in Las Vegas I had the pleasure of watching CNBC – something I rarely do. One particular segment I caught was about TWTR, and “Where does it go from here?” This underlined the perception of this stock. People remember it being up huge, and down considerably in the past. My take was that at these prices, traders were averse to risk, and that the stock was vulnerable for a chase.
Today was nothing short of that.
For the November options I am targeting no less than $45, and $50 into December. Hope you caught this.
OA
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God bless you man. Am stuck at a client all day with limited access. All i could see were 3digit returns in my account
Thank you is an understatement.
Stein Eriksen. Trust me.
I just want to see you happy. Last month, happy was broken.
i think happy is coming back. 🙂
am gonna miss After hours as well. damn clients.
with you on the December
I did bit with several Jan 48s. Figure 53+ in Dec and maybe mid 60s+ after.
Sold WUBA call today, hit my target.