Put Options on Z on 9/24/2018

Zillow Group, Inc. (Z) operates real estate and home-related information marketplaces on mobile and the Web in the United States.

The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals.

Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing. The company's portfolio of consumer brands comprise real estate and rental marketplaces, such as Zillow, Trulia, StreetEasy, HotPads, Naked Apartments, RealEstate.com, and OutEast.com.

It also provides a suite of marketing software and technology solutions; and owns and operates various business brands for real estate, rental, and mortgage professionals comprising Mortech, dotloop, Bridge Interactive, and New Home Feed. In addition, the company offers advertising services.

Shares have formed a bearish flag  and lower share prices are expected for this stock.

We will be trading October 20th Put options

Entry Point: $42.81

Trading Range: $38.25 - $65.70

Trade Buy 1 October $45.00 Put at $3.00 For a net debit of $3.00 Profit/Loss Analysis Breakeven at $42.00 Maximum profit is unbounded Maximum loss is ($300.00) at strike of $45.00 Closing Summary Sold 1 October $45.00 Put at $6.00

Position closed on 10/11/2018 at price of $6.00 with a 100.00% gain in 17 days.

Updates

10/11/2018 9:59:32 AM

Z $45 Put closed at $6.00

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