Too late on TWTR... In premarket I read that 2 top executives were leaving the company, and immediately pictured myself as a buyer of OTM weekly puts .
Note to myself: drink more coffee, multitask you lazy f...
Well.... never mind, but again - LNKD ER's today AH. And I am bearish.
Lets see how similar companies price action after ER's was:
- TWTR down big 15%, and down today
- FB down 10% in AH
More internet companies
- GOOGL & BIDU no mover
- NFLX gigantic down move
- AMZN down
- YELP down
- YHOO up (mostly on BABA frenzy)
So 5 out of 8 down, 2 no-movers, only 1 up....
FB and TWTR both are bigger social media companies... So why would LNKD price go up? In fact it is going down right now.
I am thinking about DIRECTIONAL bearish play, like selling a call spread. Just a few bucks above current price half an hour before close, with risk / reward as close as possible to 1:1.
Note to myself: drink more coffee, multitask you lazy f...
Well.... never mind, but again - LNKD ER's today AH. And I am bearish.
Lets see how similar companies price action after ER's was:
- TWTR down big 15%, and down today
- FB down 10% in AH
More internet companies
- GOOGL & BIDU no mover
- NFLX gigantic down move
- AMZN down
- YELP down
- YHOO up (mostly on BABA frenzy)
So 5 out of 8 down, 2 no-movers, only 1 up....
FB and TWTR both are bigger social media companies... So why would LNKD price go up? In fact it is going down right now.
I am thinking about DIRECTIONAL bearish play, like selling a call spread. Just a few bucks above current price half an hour before close, with risk / reward as close as possible to 1:1.
Hope is dangerous in this game.