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Put Options on CHS on 5/30/2017

Bearish Flag on CHSChico's FAS, Inc. (CHS) operates as an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, and complementary accessories.

The company's portfolio of brands consists of the Chico’s, White House Black Market (WHBM), and Soma.

The Chico's brand primarily sells private branded clothing focusing on women 45 and older. The WHBM brand sells private branded clothing and accessories, such as shoes, belts, scarves, handbags, and jewelry focusing on women who are 35 years and older.

The Soma brand sells designed private branded lingerie, sleepwear, loungewear, activewear, and beauty products focusing on women who are 35 and older. As of January 28, 2017, it operated 1,501 retail stores in the United States and Canada.

The company also sells through its Websites and catalogs. Shares have formed a bearish "flag" following the company's latest quarterly results. Lower share prices are expected for this stock.

We will be trading June 16th Put options

 

52-Weeks Tradiing Range: $8.91 to $16.85

Last Trade: $9:41

 

Trade

  • Buy 1 June $10.00 Put at $0.75
  • For a net debit of $0.75

Profit/Loss Analysis

  • Breakeven at $9.25
  • Maximum profit is unbounded
  • Maximum loss is ($75.00) at strike of $10.00

Closing Summary

  • Sold 1 June $10.00 Put at $1.05

Position closed on 6/9/2017 at price of $1.05 with a 40.00% gain in 10 days.

Updates

6/9/2017 10:37:51 AM

CHS $10 Put closed at $1.05

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