An option trade in Twitter has been made. KDK Options has purchased the July $39.00 call options for $0.50. Reasons for the trade are below. The stock is currently trading at around $33.50. The goal price of the options will be $5.00.
- Both fundamental and technical research suggests a high probability that the stock price will move towards $45.00.
- A Fibonacci retracement from the recent downtrend suggests that a 38% retracement could move the stock past $45.00.
- Growing usage by all industries suggests a high level of media coverage.
- Possible build up for stock into earnings call; which is the scheduled for a week after the option expires.
- Stock has hit $30.00 twice and came off that level both times, suggesting a possible bottom.
Don't forget to check out the rest of the blog to see how other trades panned out.
If you would like to contact KDK Options, you can leave a comment, email at kdkoptions@gmail.com, twitter @kdkoptions, or find us on Stocktwits @kdkoptions.
** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. **
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