I rather like the long set up in TWTR, thank you. My hourly chart showing key trend lines, support, quantitative trend at this time frame, and the key prior pivots is attached. There is excellent double (or even triple) bottom structure in place. Note that the historical earlier lows now being approached are right on a major 61.8% retrace level. I like a break of both the trend line I’ve drawn and the next overhead pivot level as a buy trigger. For this trade I’m expecting some significant upward movement. I like a selling a little more aggressive bull put spread for Jan at 31/29. For 5 of these we get a target max profit of just under $600, achieved at a price of only $31. With this set up and trigger price has no reason to ever undercut the recent lows, so those can be a stop level, about 28.6. The initial loss level at 28.6 is only about $87 + costs (but will increase over time). So that would be my loss limit through the whole trade at 5 spreads: I hit -$87 and I bail. Played this way I think the EV here is excellent.
© 2026 Market Scholars LLC. All rights reserved.