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#SaxoStrats: Twitter's dive a chance to buy
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The share price of the social networking site, Twitter, has fallen almost 20% following disappointing earnings results which, to make matters worse, were leaked. Quarterly revenue was USD 436 million instead of the estimated USD 456 million.
But Saxo's Peter Garnry says he believes this plunge is a short-term overreaction. He's betting on a reversal in the share price.
Peter's buying a May 15 Call option - May 15 C42.5 at USD 2. He also discusses the risks and stresses that there is no guarantee the trade will go through.
You can read more about his Twitter #SaxoStrats here.