Selling our SHOP and TWLO put contracts as a bear market rally appears imminent.
The overall market is extremely oversold and due for a sharp rebound. Meanwhile, we’ve locked in strong profits on both SHOP & TWLO before rolling to lower strike prices.
Today, we’ll close out these bearish plays, leaving our speculative model in a bullish position to profit from a bear market rally. We will keep both names on the watch list and possibly re-enter if we get a good setup.