OA BUY: TWLO

Per our discussion last night in After Hours with Option Addict, here’s the set-up I laid out for a day trade.

A few months ago, this stock went on a string of 7 or 8 consecutive Friday rallies. It would show strength early, give it all back on a move to days lows, then rally all the way back and take out days highs into the close.

Here’s the charts on a lower time frame.

This is my third trade in this stock this week. I bought December calls right at the open on Tuesday, then I bought calls expiring next week near the low yesterday. Caught a nice gap up and a fade to take out days lows – in which I put on this day trade.

Let’s see if I’m right about a rally from here.

OA