TopOptionAlert
Oct 22, 7:45 PM
$TWLO NOV20 260C · still actionable
Zone:
$252.60 to
$256.20
Invalidation: close under
$248.00
Objectives:
$271.00, then
$286.00
The math: up 6.5% to the first objective and 12.4% to the second, against 2.5% risk on the invalidation, about 5 to 1 to the second
This is a swing idea built on a simple picture. Twilio has slid back to the same 248 to 250 ground that held on Monday and Tuesday, and today it is testing that ground again while the sellers do their loudest work. What that means for you is the risk is easy to see, because a close under that ground says the bounce idea is wrong, and the room above runs first to 271, where the stock topped out yesterday, and then toward 286. Earnings land on October 29, and that date is the spark that can move this one either way, so the plan respects it instead of pretending it is not there.
P.S. Watch the close today. Holding above 250 into the bell matters more than any green minute in the middle of the day.
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