Call Spread on BWLD on 12/20/2013

Buffalo Wild Wings (BWLD) engages in the ownership, operation, and franchise of restaurants primarily in the United States.

It offers chicken and various food and beverage items, as well as serves bottled beers, wines, and liquor. As of December 16, 2013, the company owned and operated, and franchised approximately 975 Buffalo Wild Wings Grill & Bar restaurants in the United States, as well as Canada and Mexico. 

Shares have formed a bullish "flag" following the company's strong quarterly results and issuing upside guidance for the year. Higher share prices are expected for this stock.

52-Week Trading Range: $69.80 - $152.53

Last Trade: $144.15

Here is the trade: 

Trade Buy 1 January $145.00 Call at $4.00 Sell 1 January $150.00 Call at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $147.00 Maximum profit is $300.00 at strike of $150.00 Maximum loss is ($200.00) at strike of $145.00 Closing Summary Sold 1 January $145.00 Call at $5.50 Bought 1 January $150.00 Call at $2.50

Position closed on 12/31/2013 at price of $3.00 with a 50.00% gain in 10 days.

Updates

12/31/2013 10:11:13 AM

We are taking profit on BWLD call spread.

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