Where’s TWTR Headed Now That Musk Has Pulled His Offer?

Social Media, Trading Strategies
by Jay Soloff
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Elon Musk pulling his offer for Twitter (TWTR) has been big news in the equities world. TWTR is now suing Musk for breach of contract (with the case set for October).  Options traders may believe TWTR still has some upside though over the next year. A large options block trade executed last week suggests the stock could move as much as 25% higher by next June (but no higher). 

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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