Both plays are FDs, expiring tomorrow.

https://preview.redd.it/ng8h9q6n9rx91.png?width=1167&format=png&auto=webp&s=1d6e604eea71745b9ae0d686263e596c58d49118

I averaged down nicely on my initial TWLO position.
The spreads are wide, so it is taking me a while to get my fills.

Depending on what happens near EOD, I’ll either add more calls to DKNG or open a very large short sell position on TWLO to offset IV crush and theta (if the stock goes down that is).

LUMN got killed on their earnings and I’m familiar with TWLO since I’ve traded them to a 6 figure loss at the peak of the pandemic.

Full disclosure, I am down 780K on the 1 year chart.
Follow me for more FD plays and financial/investing advice.

https://preview.redd.it/6yxa7v4tarx91.png?width=2525&format=png&auto=webp&s=953ad8a7a7a24ed8cad1bcf5617d5e8b2ea39489

EDIT 3:44PM EST.
I closed out my DKNG play.
Now I’m short -2,787 shares of TWLO, about \~184K

[Never have I been so bearish about a stock. I’m even more bearish than when I made my META\/ABNB play.](https://preview.redd.it/6pbipx9zhsx91.png?width=1164&format=png&auto=webp&s=dd662918f4d5ece0324eba951f66b8f9cf19474f)

I expect TWLO to drop 20% at a minimum, they’re a garbage company.
Iron hands ftw.

​

EDIT 2 6:34PM EST.
I bought back my 2787 short shares.
Average sell = \~66.11
Average buy = \~54.25

This is approximately an \~18% gain, about 33K in profits.
I’ll post a separate gain for my puts.

​

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