Call Spread on TJX on 1/13/2014

The TJX Companies (TJX) operates as an off-price apparel and home fashions retailer in the United States and internationally.

The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe.

Its apparel and home fashions chains sell family apparel, including footwear and accessories; fine jewelry and accessories; and home fashions comprising home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware, as well as other merchandise.

The company operates its stores under the T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post trademarks.

The TJX Companies, Inc. also sells its products through tjmaxx.com and SierraTradingPost.com in the United States, as well as through tkmaxx.com in Europe. As of November 2, 2013, it operated 1,075 T.J. Maxx, 941 Marshalls, 448 HomeGoods, and 4 Sierra Trading Post stores in the United States; 227 Winners, 91 HomeSense, and 27 Marshalls stores in Canada; and 371 T.K. Maxx and 28 HomeSense stores in Europe. 

Shares have formed a bullish "cup and handle" and are about to break out of this formation.

52-Week Trading Range: $43.43 - $64.33

Last Trade: $64.05

Trade Buy 1 February $65.00 Call at $1.05 Sell 1 February $67.50 Call at $0.30 For a net debit of $0.75 Profit/Loss Analysis Breakeven at $65.75 Maximum profit is $175.00 at strike of $68.00 Maximum loss is ($75.00) at strike of $65.00 Closing Summary Sold 1 February $65.00 Call at $0.00 Bought 1 February $67.50 Call at $0.00

Position closed on 2/23/2014 at price of $0.00 with a -100.00% loss in 41 days.

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