Fitbit Getting Worked After Q1 Report

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Fitibit Inc (NYSE: FIT) share are trading lower by $2.55 or nearly 15 percent at $14.55 in Thursday's session. Despite an EPS beat of $0.08 and revenue beat of over $50M, the issue is under selling pressure. The reason being that investors are not convinced the earnings beat swill continue.After a lower open, it maangaed a brief pop to $15.20 before longs got run over. The ensuing decline took the issue all the way to $14.11 before staging a rebound. That low is just above its March 31 low at $13.82.The rebound rally came up short the $15 level, peaking at $14.89 and resuming its decline.

27% profits every 20 days?

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