Dan Nathan's Bullish Options Strategy In Twitter Inc

Speaking on

, Dan Nathan said that he bought

on Thursday as a bet that it will be a takeover target. Nathan thinks that a takeover is the only strategy that can work in

because it is not clear what could an activist do for the company. He named Google Inc

as a possible buyer because

is now increasingly used as a real time search engine. Nathan recommended a risk reversal strategy for traders who want to follow his trade. Specifically, he would sell the March 35 put for $1.80 and buy the March 40 call for $2.10. The set up would cost him $0.30 and if the stock trades above $45.30 he would make money.