8 year old twins, Devin Kalel and Ashay Jorel, discuss the 2nd trading day of 2016 focusing on $FIT and an accouncement at CES by CEO James Park of its first smart fitness watch, the Fitbit Blaze. This is its answer to the $AAPL Watch.
Investors punished the stock as $FIT was down 18% and some traders made 40x their money trading the weekly January 8th 25 puts. With a heavy short interest, $FIT could see futher downside tomorrow. It traded 5x its normal volume as the selling pressure intensified later in the day.