Best Stock on the Market

Put Options on TDS on 9/23/2019

head and shoulder, $TDSTelephone and Data Systems, Inc. (TDS) provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States.

It operates through three segments: U.S. Cellular, Wireline, and Cable.

The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

It also provides wireless devices comprising handsets, tablets, mobile hotspots, home phones, and routers; accessories that include wireless essentials, which comprise cases, screen protectors, chargers, and memory cards, as well as various consumer electronics, such as headphones, smart speakers, wearables, and home automation products. In addition, the company offers telecommunications services to residential and commercial customers, as well as wholesale customers and wireless carriers; broadband and digital television (TV) video services; voice services comprising local and long-distance telephone, voice over Internet protocol (VoIP), find me follow me, collaboration, instant messaging, and other services; and network access services.

Further, it provides business services, including data networking, Ethernet, broadband access, and VoIP services to small- and medium-sized businesses, as well as operates retail stores and kiosks.

Shares have formed a bearish "head and shoulder" following the company's latest quarterly report. On August 1, Telephone and Data Systems (TDS) reported 2nd Quarter June 2019 earnings of $0.28 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.32 per share on revenue of $1.3 billion. Revenue grew 0.5% on a year-over-year basis. Lower share prices are expected.

 

Last Trade: $25.68

Trading Range: $24.11 - $37.29

Trade

  • Buy 1 October $25.00 Put at $0.85
  • For a net debit of $0.85

Profit/Loss Analysis

  • Breakeven at $24.15
  • Maximum profit is unbounded
  • Maximum loss is ($85.00) at strike of $25.00

Closing Summary

  • Sold 1 October $25.00 Put at $0.00

Position closed on 10/18/2019 at price of $0.00 with a -100.00% loss in 25 days.

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