Put Options on CBI on 10/5/2017

Chicago Bridge & Iron Company N.V. (CBI) provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide.

It operates in four segments: Engineering & Construction, Fabrication Services, Technology, and Capital Services.

The Engineering & Construction segment provides engineering, procurement, and construction services for energy infrastructure facilities, such as upstream and downstream process facilities for the oil and gas industry, as well as liquefied natural gas liquefaction and regasification terminals, and fossil electric generating plants for the power generation industry.

The Fabrication Services segment is involved in the fabrication and erection of steel plate structures; fabrication of piping systems and process modules; and manufacture and distribution of pipes and fittings, and engineered products for the oil and gas, petrochemical, power generation, water and wastewater, mining and mineral processing industries.

The Technology segment provides process technology licenses and associated engineering services and catalysts for use in petrochemical and refining industries; and offers process planning, project development, and aftermarket support services.

The Capital Services segment offers integrated maintenance, environmental engineering and remediation, construction, program management, and disaster response and recovery services for private-sector customers and governments.

Shares are heading lower in a downward trading channel after the company warned of lower earnings. Lower share prices are expected for this stock.

 We will be trading CBI November 17th Put Options

52-Weeks Trading Range: $9.55 - $36.56

Last Trade: $16.22 

Trade Buy 1 November $17.50 Put at $2.50 For a net debit of $2.50 Profit/Loss Analysis Breakeven at $15.00 Maximum profit is unbounded Maximum loss is ($250.00) at strike of $18.00 Closing Summary Sold 1 November $17.50 Put at $1.75

Position closed on 11/15/2017 at price of $1.75 with a -30.00% loss in 41 days.

Updates

11/15/2017 9:34:39 AM

CBI put option closed at $1.75

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