I already have $FIT in our portfolio, So maybe after ER, I'lll decide to sell far month call.
Possibly, FEB17 13 strike @ $2.55 and close it @ 1.77 which 5% ROI . so you can cover your losses here.
- Fundamental are not good for new entry.
- Technically it is going up, around 14.85/14.95, so possible drop, if it closes within the channel.
- Option contracts are good with far month contracts.
DISCLAIMER: I don't provide investment advice, I'm entering the market with my own account.I don't try to accurate in entry, because most of the time I or my client own this stock , so we only look approximate change in trend. It is not necessary you have to do the same.
Sold FEB17 10 @ $6:10
and exiting at $4.25
Still holding the stock.