I'm sorry but TWTR drop is just stupid. Great time to take advantage of short-term market thinking.
I see an Ask of $9 for the TWTR 2017 $33 puts but let's ask $8 for 10 more (selling) as that's more realistic in the LTP.
In the STP, we have 15 of the Jan $35 calls, now $2.95 and let's roll those to down to the Jan $30 calls at $5.40 for $2.45. 2017 hasn't come down enough for me to want to roll there. The other legs we'll leave alone.
July 29th, 2015 at 9:36 am
I'm sorry but TWTR drop is just stupid. Great time to take advantage of short-term market thinking.