Browse Stacks: Patterns: TWTR_Weekly_Feb042015.jpg

TWTR_Weekly_Feb042015.jpg

Going into TWTR's earning after the closing bell this afternoon, I give you the weekly Fib Grid/Voodoo line chart of TWTR. 

Notice how well the projections of the primary and secondary level fib lines serve as important support & resistance, following TWTR's low of 29.51. 

Based off that, I'm working on an Iron Condor for earnings, working to sell the $44-45 call spread, and $36-35 put spread (both weeklies), looking to take advantage of the high IV and IV Rank of 60. Goal is to collect greater than 50% of the spread width (i.e. more than 50c)

Comments

daButcherdaButcher
GMAK is that you?????????? 2/4/15
moneymiser21moneymiser21
who's gmak? 2/4/15
moneymiser21moneymiser21
UPDATE Thursday, Feb 5th. 
 
Yes I goofed. TWTR's earnings are today after the bell, not yesterday. 
 
#failme 
 
Overnight pop in TWTR after Google search tweet display deal makes the $44 level less appealing for the iron condor. 
 
Adjusting upper level to $46-47 call spread sale, and put spread part to $38-37. 
 
Still hoping for at least half-width, but so far only seeing 41-47c pricing 2/5/15
moneymiser21moneymiser21
Note, I never got filled on Iron Condor, glad I didn't. TWTR is a beast today. 2/6/15
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