Those January $37 2019 calls being bought hand over fist in September 2017 aren't looking like such a bad move, especially after today's pre-market rocket. $TWTR was up 6% yesterday and is busy tacking on another 30% this morning.
Those $37 Jan 2019 calls are looking to add to their already 1,000% gains:
$TWTR has already broken out of its downtrend:
And if this market can find its footing, we may be talking about $TWTR $50 in the coming months.
Those 125k+ contracts of $.25 - $.30 Jan $37 2019 calls may end up being worth over $13 each. That's almost like being long bitcoin since 2012.
Shares of Twitter Inc. (TWTR) have soared 22% in premarket trading Thursday after the company delivered better-than-expected financial results (http://www.marketwatch.com/story/twitter-stock-rockets-on-revenue-earnings-beats-2018-02-08) and reported its first-ever quarter of GAAP profitability. "This quarter was a major step in the right direction that shows the monetization and ad growth machine at Twitter is finally heading in the right direction after years of a 'one step forward two steps back' strategy," GBH Insights analyst Daniel Ives wrote. "Overall, 4Q was a breath of fresh air for investors that have patiently awaited for this turnaround story to manifest after years of pain and it looks like the Twitter growth train is back on track." Ives believes that Twitter can benefit in the immediate term from changes that Facebook Inc. (FB) is making to its news feed, as these tweaks might be prompting publishers and advertisers to more seriously consider Twitter's platform. While he's more upbeat following the results, Ives kept his neutral rating on shares and noted that "clear execution/competitive challenges remain" for the company. Shares are up 44% in the past 12 months, compared with a 17% gain for the S&P 500 Index .