Hello
This week, an October $12.00 call option was purchased. The price paid was $0.40 before commissions and fees. The expectation is for the option to reach $1.00 before expiration. Some reasons for the purchase include
- trend is positive
- 50 dma crossing over 200 dma
- cup part of "cup and handle" formation being made
- Merger discussions heating up for Twitter
- gap to 13 needing to be filled
**
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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