Below is a daily chart of Twitter, Inc. (TWTR).

 

Trade:  Consider shorting Jan (1/19) $24.5 naked Puts (7 DTE) for around current mid-point $.22/share.

Technical Setup:   Bullish Gap Breakout from multi-week consolidation daily, bullish weekly and monthly.

Option Strategy:   Short Puts (SP).

Stop Loss: None.

 

Happy trading!  If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com

All the best,

Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method

Dan Gibby
Chief Options Strategist

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