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Jim Strugger's Twitter Trade

He explained that the rumor about a possible takeover has been downplayed recently because there are simply no bids for the company. User growth and monetization are still ongoing issues, but despite the problems, Strugger still wants to have a long exposure.

He wants to buy the December 20 call and sell two December 25 calls. The total cost of the position is around $0.60 and it starts to make money above $20.60. Above $25, the profit starts to fade away and the trade starts to lose money above $29.40. The maximal profit for the trade is $4.40.

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