Shares of Twitter, Inc. (NYSE: TWTR) are up 6.87% after it was reported that activist investor Elliott Management has taken a stake in the company and is pushing for changes.

Our Hot Money signal was right again and our TWTR Mar. 6, 2020, $36.50 call prices have spiked higher.

However, after last week’s plunge lower, we’re still underwater on this position after this spike.

Since these expire on Friday, it’s ideal to cut bait and move onto the next trade.

• sell-to-close Twitter, Inc. (NYSE: TWTR) Mar. 6, 2020, $36.00 call at the market.

Here’s what to do…

Action to Take:

• In your brokerage account, locate the TWTR Mar. 6, 2020, $36.00 call:
• The symbol is TWTR200306C00036000.
• Locate the options in your portfolio with the ticker: TWTR.
• Select how many contracts to sell.
• Once you have the right contract, click "sell to close."
• Choose the "market."
• Then click "sell" to transmit the order.

You can also call your broker and say, "sell to close TWTR Mar. 6, 2020, $36.00 call at the market."

Losing can be frustrating, but we’ll continue to follow the system and get them on the next one.