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Call Spread on SSYS on 12/24/2013

Bullish Cup & Handle on SSYSStratasys Ltd. (SSYS) provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts.

Its AM systems utilize its patented fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content. The company offers desktop 3D printers for idea and design development, a range of systems for rapid prototyping, and production systems for direct digital manufacturing under the uPrint, Mojo, Objet, Dimension, Fortus, and Solidscape brands. It also provides a range of approximately 130 3D printing materials, including approximately 120 proprietary inkjet-based PolyJet photopolymer materials and 10 proprietary FDM-based thermoplastic materials.

In addition, the company leases or rents 3D printers and 3D production systems; and produces prototypes and end-use parts for customers from a customer-provided CAD file, as well as provides support services and warranty. Its solutions are used in the aerospace, apparel, architecture, automotive, business machines products, consumer, defense, dental, electronics, educational institutions, heavy equipment, jewelry, medical, and toys industries.

Shares have formed a bullish "cup and handle" adn higher share prices are expected for this stock. We are using this morning's weakness to establish a new position.

52-Week Trading Range: $60.20 - $134.00

Last Trade:  $126.17

Trade

  • Buy 1 January $125.00 Call at $6.50
  • Sell 1 January $130.00 Call at $4.20
  • For a net debit of $2.30

Profit/Loss Analysis

  • Breakeven at $127.30
  • Maximum profit is $270.00 at strike of $130.00
  • Maximum loss is ($230.00) at strike of $125.00

Closing Summary

  • Sold 1 January $125.00 Call at $8.60
  • Bought 1 January $130.00 Call at $5.60

Position closed on 12/26/2013 at price of $3.00 with a 30.43% gain in 2 days.

Updates

12/26/2013 12:18:37 PM

We are taking profits on SSYS call spread.

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