Trade of the Week: TWTR

Dividend Investing, Options, Technology Stocks
by Jay Soloff
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Market volatility is back and it has resulted in quite a bit of options action.  One options chain that has been very active lately is Twitter (TWTR).  The popular microblogging site has seen its stock drop substantially since the latest earnings release.  Just this week, current CEO Jack Dorsey announced he is stepping down to bring in new leadership.  This could be bullish for the stock as the company has struggled to monetize its product.  At least one strategist is using the opportunity to buy January covered calls.

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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