Today, at one point the market was down almost a full 1%. With inaugeration, data, and earnings coming up, it appears that the market might finally be ready to take a breather. Unless one looked at volatitliy. Which even on the lows did little to nothing:
My general rule trading TWTR is don’t get long without puts. After learning the hard way on the 2015 trip from mid 30 to the low 14s in 2016 the only thing that kept it from being a disaster was rolling my put protection down. The near takeout in Oct/Nov gave me an exit which I took. Now here we sit around 17.09 with Jan IV in the 30 handle. Noone cares for the Dirty Bird anymore.