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.
Here’s what to do…
Action to Take:
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.