Put Options on KIM on 9/3/2013

Kimco Realty Corporation (KIM) is an independent real estate investment trust.

The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The firm also provides property management services relating to the management, leasing, operation, and maintenance of real estate properties. 

Shares have formed a bearish "flag" following the company's quarterly results. Lower share prices are expected for this stock.

52-Week Trading Range: $18.11 - $25.09

Last Trade:  $19.78

Here is the trade: 

Buy One October $20 Put Option for less than $0.90

The pay off chart is shown.

Trade Buy 1 October $20.00 Put at $0.90 For a net debit of $0.90 Profit/Loss Analysis Breakeven at $19.10 Maximum profit is unbounded Maximum loss is ($90.00) at strike of $20.00 Closing Summary Sold 1 October $20.00 Put at $0.00

Position closed on 10/18/2013 at price of $0.00 with a -100.00% loss in 45 days.

Back to Portfolio