Quick TWLO Update

Bought 5 x $100 Puts to protect from major downside

‪Update: very confident in $TWLO. I own 576 shares. But in the current volatile environment I want to protect from major downside and I’m willing to give up a little profit to the upside. ‬

‪So I bought 5 x $100 puts for $3.00 each.

this means if the stock pops $10, I make $7 per share. If it drops to below $97 I won’t lose anything.

I’m not concerned with a smaller drop or small disappointment in earnings and would continue happily holding my shares if that happened.