Update 1: Arbitrage - TWTR looks juicy

Update on my TWTR Play: TWTR closed today at $46.09, leaving upside of $8.11 or $811 per 100 shares. Current Position: 500 shares @ $47.51 avg 10 $40p 5/20 @ $.16 (hedge) SOLD $.28 5 $35p 7/15 @ .98 (hedge) Update: 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. Goal: Accumulate 1,000 shares by end of May, sell CC against them until the deal closes. Thoughts: 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! News Updates: Elon raises $7bn in funding: https://www.cnn.com/2022/05/05/tech/elon-musk-7-billion-twitter-financing/index.html Elon secures most funding: https://www.forbes.com/sites/mattdurot/2022/05/04/elon-musk-may-be-less-than-3-billion-away-from-making-twitter-purchase-a-reality/?sh=30b80fa718ad Elon seeks additional investors: https://www.bloomberg.com/news/articles/2022-05-11/small-time-funds-offered-a-way-to-get-a-slice-of-musk-s-twitter

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Update 1: Arbitrage - TWTR looks juicy

May 12, 2022

bullish

general Analysis

[1 min Read]

Update on my TWTR Play:

TWTR closed today at $46.09, leaving upside of $8.11 or $811 per 100 shares.

Current Position:

500 shares @ $47.51 avg

10 $40p 5/20 @ $.16 (hedge) SOLD $.28

5 $35p 7/15 @ .98 (hedge)

Update:

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.

Goal:

Accumulate 1,000 shares by end of May, sell CC against them until the deal closes.

Thoughts:

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!

News Updates:
Elon raises $7bn in funding:
https://www.cnn.com/2022/05/05/tech/elon-musk-7-billion-twitter-financing/index.html
Elon secures most funding:
https://www.forbes.com/sites/mattdurot/2022/05/04/elon-musk-may-be-less-than-3-billion-away-from-making-twitter-purchase-a-reality/?sh=30b80fa718ad
Elon seeks additional investors:
https://www.bloomberg.com/news/articles/2022-05-11/small-time-funds-offered-a-way-to-get-a-slice-of-musk-s-twitter

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TWTR

Twitter, Inc.

38.29

0.06
0.16%

Return

-13.33%
Change % Since Posting
-5.89
Change Since Posting
44.18
Price When Posted

Metrics

48.00
Target Price
8/ 10
Confidence
1-2 Months
Timeframe
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