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#Put Options Trending As Twitter Results Spook Investors -

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Jul, 27th 11:49


Twitter, Inc. reported its second quarter financial results after the closing bell on Tuesday (26/7). The company reported earnings of $0.13 per share on revenue of $602 million. The consensus estimate from Thomson Reuters called for $0.10 in EPS on $606.77 million in revenue. The mixed results prompted a massive sell-off as the company’s progress did not live up to investor expectations. On the H4 chart, RSI (14) edged down to the level of 54.0123, indicating that the bullish trend has faded away. The parabolic SAR continues to cast pressure over the price action, which means that the bearish trend is still in place. The stock is anticipated to stumble further.

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Buy Digital Put Option from 17.84 to 18.07 valid until 20:00 July 29, 2016

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