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$FIT Iron Fly

DefineRisk Updated   
NYSE:FIT   None
Trend Analysis Chart Patterns Beyond Technical Analysis FIT fitbit ironfly neutral options strategy
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trendanalysis chartpattern beyondta fit fitbit ironfly neutral options strategy
$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.
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