#earnings
FIT
I know that again I am going against the basic tenets here but…
FIT announces earnings after the close today. I bought a Feb. 26 6 put for .38, the stock is just under 6. FIT has done nothing but go down, and go down after earnings, except once. The smallest negative earnings move has been -8%. The average negative move is 19%. The only positive move was 8%. The wearable device field is crowded and the big boys are involved, like Apple. All of this means nothing and it could rocket higher. A directional, long, sacrilegious roll of the dice…