Buying TWLO put contracts.
TWLO is a $46 billion market cap company with no earnings. This kind of stock is particularly vulnerable in today’s market. Rising interest rates make future profits less valuable today, and weakness in speculative tech stocks is gaining momentum.
Shares are expensive and have established a bearish trend. The recent post-Fed pop is rolling over giving us a good opportunity to profit from further downside.
- Buy (to open) 4 TWLO January 21st $290 Puts
- Limit $37.50 or less
- The new position will represent roughly 9.7% of our Spec Model capital
- 14:31 Executed
- Bot 4 TWLO Jan 21st $290 Puts @ $36.80