jay_beckner

I play poker and trade options, seeking edges from study, reflection and analytics.

#003 FIT Calls Closed Profit

Trade Details: Sold to close 10 Sep 2nd Fitbit Inc. (NYSE:FIT) 14.5 calls for $0.84 (in at $0.55 for 1 day), $829.60 total proceeds. The trade executed at 09:40:18 when the stock was approximately $15.35.

Return: 48.0% after commissions

Note: The market for FIT stock moved up quickly this morning. I was working with a $1.05 limit order but made a quick exit when trade briefly looked skittish. The doji (see chart below) gave way to temporarily higher prices after my exit, but the subsequent pullback would have prompted a trade regardless. It's tough to hit the top perfectly in a very short-term trade when profits are there to be had!

Optionshouse 3-min chart showing the trade's entry and exit.

Optionshouse 3-min chart showing the trade's entry and exit.

Status: Account $1,319.30 | Q1 Return 163.8% | Q1 Goal 60%

#004 FIT Calls

#003 FIT Calls