May 27 TWTR idea #coveredbackratio
I goofed on that last message that went out, I had a lock on pricing and needed to change the % below:

Found a good trade here on TWTR, the return on risk is annualized at over 210% (selling 14DTE calls) vs holding shares (CC) @ 57%. Evaluating these trades based on ROR makes them compelling.

1. Sep Backratio: +12 30 calls/ -8 33 calls, @9.15, for 400 equivalent shares, max risk = $3660 vs $13,452 holding 400 shares. The BackRatio deltas are 391 on a 400-share stock replacement.

2. Then sell 14DTE calls, the June 8 34 call @ .74 (x4). $296/$3660= 8% per every other week, *26 weeks = 210% return.

TWTR just joined IBD big cap 20