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Home › Forums › Closed Trades › [CLOSED +255%] IPO Breakout in TWLO
Setup: IPO Breakout
Price: 44
Description: Earnings already out of the way, 45.50 is going to act as a magnet, and then 50.
Now this is going to be a low odds, high-reward bet. The range that the stock has been in is 38-44, which is 6 points. That means the measured move is up to $50. I expect thatt this will get hit by Sep opex.
IWO Premium Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTO | TWLO | Sep | 50 | Call |
Total Debit: | 1 |
This is a FULL RISK Trade – meaning no stops as the premium paid will act as a stop.
Sell half at a double.
Taking profits on half:
IWO Premium Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STC | TWLO | Sep | 50 | Call |
Total Debit: | 2.4 |
The stock is above its 3rd std dev bollinger band for two days in a row. Sure, it could go to 60 but i’m going to look for a pullback first.
I’m all out for now:
IWO Premium Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STC | TWLO | Sep | 50 | Call |
Total Credit: | 4.70 |