Best Stock on the Market

Put Spread on ANGI on 10/17/2013

Bearish Flag on ANGIAngie’s List (ANGI) operates a consumer-driven solution for its members to research, hire, rate, and review local professionals for home, health care, and automotive service needs.

It offers member services comprising member-generated ratings and reviews that provide reviews from both members and non-members in 550 categories; and service provider services for members looking for reputable providers of high cost of failure services.

As of December 31, 2012, it had approximately 1.7 million paid memberships in 219 local markets in the United States. 

Shares have formed a bearish "flag" after WSJ reported that firm is reducing its membership fees to attract new members. Lower share prices are expected for this stock.

52-Week Trading Range: $8.95 - $28.32

Last Trade: $15.15

Trade

  • Buy 1 November $15.00 Put at $1.65
  • Sell 1 November $12.50 Put at $0.65
  • For a net debit of $1.00

Profit/Loss Analysis

  • Breakeven at $14.00
  • Maximum profit is $150.00 at strike of $12.00
  • Maximum loss is ($100.00) at strike of $15.00

Closing Summary

  • Sold 1 November $15.00 Put at $1.80
  • Bought 1 November $12.50 Put at $0.30

Position closed on 10/25/2013 at price of $1.50 with a 50.00% gain in 8 days.

Updates

10/25/2013 12:13:46 PM

We are taking profits on ANGI "put spread" trade.

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