Friday, June 8, 2018

Trade of the Month: TWTR

I bought this May 2.  I had about 1.5k in one of my accounts, so I ended up buying 4 calls of TWTR expiring June 15 at a strike of 28.  I ended up selling June 7.


For the entire month of May, TWTR was heading up.  If I hadn't bought so little, I probably would have given it more attention.  But since I bought only about $1.5k, I just tucked it away and didn't worry about it.  Then comes announcement of it joining the S&P 500 and other good news. Plus I see it jumping to nearly 200 % in my portfolio.




As it is nearing expiration, I decided to sell it yesterday and add a later expiration date.  But in the hubbub... I forgot to screenshot it.  So, here's my attempt to photoshop a screenshot with the totals. 



Update:

Does TWTR still have room to run?  Looking at the daily chart, I think it still does.


It's a little extended and in need of a rest soon, but these are not all time highs.  TWTR still has more room to go, back to the $50 ranger and even $70 and beyond.