Quote:
Originally Posted by DoubleK
I don't own any tech outside of index ETFs, but a good friend has made a ton of cash playing options before earnings.
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That's over my head I'd be very poor if I tried it.
Quote:
Originally Posted by bizaro86
The majority of Twitter shares are in the hands of merger arbs right now, many of whom are sitting on huge profits. These are funds that try and earn low volatility, low correlation-to-the-market returns. In a year where the averages are down big one big win has the potential to make your year, and make fund raising next year easy. Locking that in just in case Elon does something insane in the next couple of days makes sense for that constituency.
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The insane thing was buying Twitter don't think anything crazy will happen now. I made ~35% can't complain.