This Options Expert Calls Twitter A 'Plug Your Nose And Buy' Stock

Options Expert Nic Chahine was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Ahead of Twitter Inc TWTR reporting Q4 financial results on Thursday, Nic Chahine said that he took a long position on the stock using a long-dated debit call spread and he’s “not looking back.”

Chahine felt that, similar to Alibaba, Twitter is a “long-term, plug your nose and buy it” kind of stock.

Addressing Twitter’s future and its monetization opportunities, “Somebody will figure it out,” according to Chahine. “It’s too valuable of a way of [communicating], delivering information instantaneously...so simply.”

Chahine concluded that Twitter should stop “trying to change themselves to suit the market” because someone, be it Twitter's leadership, Apple, Google, or another group, will eventually figure out how to make the platform work profitably.

Check out the full interview below: