Call Spread on DDD on 10/2/2013

3D Systems Corporation (DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.

The Company is a provider of three-dimensional (3D) content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers.

It also provides creative content development and design productivity tools. Its principal print engines include stereolithography (SLA), printers, selective laser sintering (SLS), printers, multi-jet modeling (MJM), printers, film transfer imaging (FTI) printers, selective laser melting (SLM) printers, and plastic jet printers (PJP). 

Shares heading higher in a bullish "cup & handle".

52-Week Trading Range: $22.34 - $56.23

Last Trade: $54.85

Here is the trade: 

Trade Buy 1 November $55.00 Call at $3.80 Sell 1 November $60.00 Call at $1.95 For a net debit of $1.85 Profit/Loss Analysis Breakeven at $56.85 Maximum profit is $315.00 at strike of $60.00 Maximum loss is ($185.00) at strike of $55.00 Closing Summary Sold 1 November $55.00 Call at $4.50 Bought 1 November $60.00 Call at $2.15

Position closed on 10/17/2013 at price of $2.35 with a 27.03% gain in 15 days.

Updates

10/17/2013 12:28:18 PM

We are taking profits on DDD call spread option trade.

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