Today’s What’s Trading episode was a discussion of a big put buyer in TWTR. A link to the video is below.

WT_041117_TWTR

 Click Here for Today's Video

The payoff diagram here shows the outcome of this trade if it is held until September expiration. The maximum loss is limited to the price paid for each put. Profits can be earned below the break-even point of 11.45.

TWTR WT Blog Diagram