Put Options on EBAY on 10/22/2018

eBay Inc. (EBAY) operates commerce platforms that connect various buyers and sellers worldwide.

Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually.

The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Its Classifieds platforms include a collection of brands, such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others, which offer online classifieds to enable people find whatever they are looking for in their local communities.

The company's platforms enable users to find, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.

Shares have fallen to a new low for the year after the company reported earnings that disappointed the market. We expect lower prices to continue for this stock.

We will be trading November 16th Put Options 

Last Trade:  $28.75

Trading Range:  $28.37 - $46.99

Trade Buy 1 November $29.00 Put at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $27.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $29.00 Closing Summary Sold 1 November $29.00 Put at $1.00

Position closed on 11/16/2018 at price of $1.00 with a -33.33% loss in 25 days.

Updates

11/16/2018 10:30:28 AM

EBAY $29 put sold for $1.00

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