As volatile as the markets have been recently, people who have been hiding in trades like X, with the takeover rumors, have avoided a lot of the pain recently. I did the same last year by being in the Twitter takeout during the worst of the market dump. There are other similar opportunities and one emerged this week and there was a flurry of unusual options activity backing it. I highlighted it 2 days ago in the recap and the next day it was up another 3%. When a small name like this sees this much action, you have to pay attention, yesterday alone there were countless more trades on it. I’m going to go over all the data I’ve seen, the news flow, and the best way to play it because I think it’s going to be a great place to sit out market volatility for a while.
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