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Re: MacFly post# 10609

Saturday, 10/01/2016 3:50:02 PM

Saturday, October 01, 2016 3:50:02 PM

Post# of 20425
You won't see any movement on a normal price increase till TWTR is at $34. The time factor (111) days till expiration and 12 points OTM are some of the reasons. Deltas and Gammas are very low here.

However you are (imo) sitting in a very good position for the rise into earnings. Any pop from that and a short cover.
Another thing. Even with just a rise in PPS you'll be a winner by January.

I'm holding Jan 50 calls. I'm not worried. Relax and watch the show.

You need to start planning your exit strategy now.

I have found with options like yours on any big pop will spike and then fade to a way lessor price. Maybe never to come back to that higher price. You need to think about what you would do if that happens.

glty

"TRADE THE BOTS. NOT THE STOCKS."