Apple jumps after strong third-quarter report ..prastutaniki standing at +4$...+13$ ayi unte.. 1 trillion mark datedi...

[Spartan]

@solman  FIT anta...

 

Digging into the stock's earnings history, FIT has closed lower the day after the company reports in three of the last four quarters, including a 12% decline in May and a 12.3% drop in February. Looking back eight quarters, the shares have moved 13.3% the day after earnings on average, regardless of direction. This time around, however, the options market is pricing in a whopping 21.5% move for Thursday's trading.

In the options pits, Fitbit stock's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) comes in at 7.06, ranking in the 82nd percentile of its annual range. This lofty ratio indicates that calls have been overwhelmingly preferred over puts during the past two weeks of trading.

Looking closer, much of this buy-to-open activity took place at the front-month August 7 and 8 calls, while traders with shorter time frames bought the weekly 8/3 6- and 6.50-strike calls. While this would seem to suggest many are speculating on a breakout for the equity, the heavy call buying could be connected to FIT's elevated short interest levels.

Specifically, short interest surged more than 30% during the past two reporting periods, and currently represents 18.2% of the stock's total available float. At Fitbit's average daily trading volume, it would take almost exactly two weeks for shorts to cover their bearish bets. As such, some shorts may be hedging with calls options.

[Avenger]

On 7/31/2018 at 4:06 PM, Spartan said:

 

 

[Spartan]

Just now, Avenger said:

@Spartanthis is a good idea. Read somewhere that a correction is bound to happen in the next few months.

naak raashi falallo kuda same suggested... 

 

stay away from stocks, gambling etc..

[Avenger]

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