FIT Put Possibilities
Updated
TRADE TIMELINE 12/10 - 12/14
12/08 - POSSIBLE OPTION PLAY heavy watch
FIT 12/14 4.50 PUT dip buy 0.02 (0.04)
IV 74.38% Volume 384 Open Interest 333
----->"Throw a couple bucks at it" purely gamble play
This optionable stock moves like dry grass wildfires....
Why this play?
NOTE - Everything below the green diagonal boxed line is profit.
MACD - This indicator is opening south after a prior rejection
NEWS - Of course, sell the news, buy the rumors...and this case may be no less different, it will be a gamble play
RSI - hovering but moving south, indicating to me that this stock is not done selling off
EFI - Very stale movement, almost horizontal; not where this indicator wants to be
EMA - These 10 and 20 day EMAs have been rejected in the past, hard! (Sept 19-21) This pattern from the past tells me that history will repeat itself, especially since FITBIT has been trying hard to stay relevent and has been unable to do so (technology, competition, other brands establishing their footing in this space).
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
12/08 - POSSIBLE OPTION PLAY heavy watch
FIT 12/14 4.50 PUT dip buy 0.02 (0.04)
IV 74.38% Volume 384 Open Interest 333
----->"Throw a couple bucks at it" purely gamble play
This optionable stock moves like dry grass wildfires....
Why this play?
NOTE - Everything below the green diagonal boxed line is profit.
MACD - This indicator is opening south after a prior rejection
NEWS - Of course, sell the news, buy the rumors...and this case may be no less different, it will be a gamble play
RSI - hovering but moving south, indicating to me that this stock is not done selling off
EFI - Very stale movement, almost horizontal; not where this indicator wants to be
EMA - These 10 and 20 day EMAs have been rejected in the past, hard! (Sept 19-21) This pattern from the past tells me that history will repeat itself, especially since FITBIT has been trying hard to stay relevent and has been unable to do so (technology, competition, other brands establishing their footing in this space).
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
Trade active
Just Queued for a dip buy, here we go...Trade closed manually
This trade would have only been profitable the very next day 12/10, the put would have worked to perfection, get in and get out. The dip buy price went to 0.03, i missed out on the 12/10 win.
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