Trade Alert - (TWTR) July 17, 2020 - EXPIRATION-TAKE PROFITS
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Tech Trade Alert - Twitter, Inc. (TWTR) – EXPIRATION
EXPIRATION of Twitter, Inc. (TWTR) July 2020 $26-$29 in-the-money vertical BULL CALL spread at $3.00
Closing Trade – NOT FOR NEW SUBSCRIBERS
7-17-2020
expiration date: July 17, 2020
Portfolio weighting: 10%
Number of Contracts = 37 contracts
Twitter sold off on data theft artist Mark Zuckerberg refusing to change his platform’s rules resulting in a broad-based ad boycott.
Twitter (TWTR) showed its worth by surging above $35.
This trade was a tap-in for most of the time the trade was open.
I wish every trade was as straightforward as this one.
The tech portfolio has one more position open and that is Cisco Systems.
It’s hard to bet against tech even at these elevated levels.
Here are the specific trades you need to execute this position:
Expiration of 37 July 2020 (TWTR) $26 call at………….………$9.60
Expiration of 37 July 2020 (TWTR) $29 call at…….........…….$6.60
Net Proceeds:……………………..…….……..................…..…….....$3.00
Profit: $3.00 - $2.66 = $0.34
(37 X 100 X $.34) = $1,258 or 12.58% in 16 days
