Browse Symbol Stacks: TWTR: 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)
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