TopgOptions

TWTR Musk Walks Out On $44 Billion Buyout

Long
TopgOptions Updated   
NYSE:TWTR   Twitter Inc
What i really believe is happening is Elon Musk wants a better price for Twitter, in the $44-45 area instead of the initial $54.50.
And he will get it. The earnings won`t be strong, we could even see revisions.
My buy area is between $31 and $34 and the buyout price $44.
i think you can win both ways if you play an option strangle with 6 months expiration date.

Looking forward to read your opinion about it.
Trade closed: target reached:
Option Strangle played perfectly!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.