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$FIT Iron Fly

By DefineRisk
Updated
FIT Iron Fly

Buy: 11/22 3p for .13
Sell: 11/22 4p for .55
Sell: 11/22 4c for .44
Buy: 11/22 5c for .19

Net Credit: $0.67 (Max profit if pinned at $4)
BP Reduction: $0.33
Trade active
So... Google rumors happened. Still time left though. Defined risk strategy so will not do much management. Will give it time to come back to earth if a) the deal falls through or b) the buyout price is in profit zone.
Trade closed manually
Taking the L.
Beyond Technical AnalysisChart PatternsFITfitbitironflyneutraloptionsstrategyTrend Analysis
DefineRisk
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