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Ups and downs for Twitter on earnings
CNBC's Mike Santoli takes a look at Twitter's share price action after reporting quarterly earnings.
Twitter shares jump after earnings beat
The company posted its second profitable quarter in a row.
Twitter reports earnings on April 25. The options market is implying a 14 percent move in either direction on the report, which Khouw says is "well above the 10 percent average."
Khouw noted that a large amount of volume was in the May 35 call options, with traders purchasing those at an average price of $1 per contract.
"So those would be bullish bets that Twitter could rise above $35 by that dollar, or above $36 by May expiration," Khouw explained Tuesday on CNBC's "Fast Money." This suggests Twitter shares could surge more than 10 percent from their current levels.According to "Options Action" trader Mike Khouw, the boost sent a surge of investors flocking to the stock. On Tuesday, Twitter saw nearly double the average call volume.
Twitter reports earnings on April 25. The options market is implying a 14 percent move in either direction on the report, which Khouw says is "well above the 10 percent average."
Khouw noted that a large amount of volume was in the May 35 call options, with traders purchasing those at an average price of $1 per contract.
"So th...Read More