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TWTR

Facebook likely to drop down a rungI've been looking at Facebook since it lost 120B off it's top line. It's forming a really clear symmetrical wedge which is bad news in combination with its loss. There's a chance it could pull out of the wedge on the tops side, but it' much more likely it's going to pull FB down to $160 to $165 before rebounding back up. It will likely drag TWTR stock down with it, but Facebook is facing bigger issues then Twitter. Long term, Facebook will take a big hit for future growth as the company makes hard changes, Twitter on the other hand has its feet dug in the sand and is refusing big changes in order to avoid loss and intends to make gradual improvement. TWTR will be making better gains for now, but FB will eventually come back and over take it.
NASDAQ:METAShort
by WasabiEater
THE WEEK AHEAD: M EARNINGS, TWTR, X, EWZThe only volatility contraction earnings play I'm looking at for this coming week is in Macy's, which announces earnings on Wednesday before market open, since it has the implied volatility rank and 30-day metrics I'm looking for (76/56). Here are some Macy's preliminary setups, with the short strangles set up around the 20 delta strikes: August 17th 36/44 short strangle, 1.21 credit at the mid, break evens at 34.79/45.21. September 21st 35/46 short strangle, 1.60 credit at the mid, 33.40/47.60 break evens. (The reason why I'd go with this one over the August is that there isn't much time to manage the August setup if it goes awry). September 21st 40 short straddle, 5.42 credit at the mid, 34.58/45.42 break evens Other underlyings with earnings in the rear view/exchange-traded funds: TSLA (rank 61/30-day 66). I am unsure of whether I will touch this underlying any longer given private equity discussions. These can ruin an options trade if they go through, as well as ruin one if they don't. (See, RAD, like, more than once ... ). TWTR. The rank isn't great, but there is still some background implied to mine there (41.7%). The Sept 21st 29/36 short strangle is paying 1.06, which isn't shabby for a 32 clam underlying. X. With a 30-day at 41.4%, the September 21st 27/34's paying .87, the 30 short straddle, 3.06. EWZ. I've been short straddling this high implied exchange-traded fund, but the 30/38's paying .82 in the Sept cycle if you just can't stand the kind of skewing out the short straddle enjoys every other day with this one ... . Other Major Food Groups: TLT: Waiting for 122.50-ish for another bearish assumption setup.
NYSE:M
by NaughtyPines
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