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May 12, 2022
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Update on my TWTR Play:
TWTR closed today at $46.09, leaving upside of $8.11 or $811 per 100 shares.
500 shares @ $47.51 avg
10 $40p 5/20 @ $.16 (hedge) SOLD $.28
5 $35p 7/15 @ .98 (hedge)
Accumulated another 180 shares, bought a block during the dip today. DCA down to $47.51. Keeping gun powder ready for the next leg down or up. I will be buying calls on bullish days and selling covered calls on each block to hedge.
I still believe $46 will be the floor as we saw massive buying occur once price hit that demand. This leaves a potential upside of $8.20.
Accumulate 1,000 shares by end of May, sell CC against them until the deal closes.
Lots of FUD and rumors spreading around the dropping price levels, which is GREAT. Let the paper hands and FUD lower the price, I have 500 more shares to buy baby! Let's get this to $40 so I can catapult with calls and shares to the fucking moon baby!
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