The Nasdaq has seen a couple of buy programs push it into the green, but the rallies have been short-lived Monday as equities sell off ahead of Big Tech earnings.
We have yet to see a flight to safety — gold and silver are both down along with consumer staples, so there hasn’t been anywhere to hide outside the few names seeing positive news.
Twitter got another bump Monday from Tesla CEO and world’s wealthiest human being, Elon Musk.
The “will they, won’t they” situation took its latest turn after Musk announced he’s secured financing for the estimated $43 billion takeover bid that’s sent prices screaming higher for shares and options alike over the past couple of weeks.
Shares of the social media company spiked again more than 6.5% during Monday’s session with reports that Twitter’s board was about to accept the deal.
The takeover news made for a fantastic move for shareholders, but the skies aren’t so blue for traders holding onto Twitter call options…
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