Put Options on FOSL on 2/24/2015

Fossil Group, Inc. (FOSL) is engaged in the design, development, marketing, and distribution of consumer fashion accessories worldwide.

It operates in four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer. The company provides men's and women's watches; and fashion accessories, including handbags, belts, small leather goods, jewelry, soft accessories, and sunglasses.

It also offers clothing, such as jeans, outerwear, and fashion tops and bottoms, as well as optical frames. The company offers its products under its proprietary brands, including FOSSIL, MICHELE, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands consisting of ADIDAS, ARMANI EXCHANGE, BURBERRY, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, MARC BY MARC JACOBS, and MICHAEL KORS.

Fossil Group, Inc. markets and sells its products through department stores, specialty retail stores, specialty watch and jewelry stores, mass market stores, cruise ships, airlines, company-owned retail stores, licensed and franchised fossil stores, retail concessions, and e-commerce sites. 

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

52-Weeks Trading Range: $79.85 - $120.79

Last Trade: $85.13

Trade Buy 1 March $85.00 Put at $1.85 For a net debit of $1.85 Profit/Loss Analysis Breakeven at $83.15 Maximum profit is unbounded Maximum loss is ($185.00) at strike of $85.00 Closing Summary Sold 1 March $85.00 Put at $3.95

Position closed on 3/6/2015 at price of $3.95 with a 113.51% gain in 10 days.

Updates

3/6/2015 12:20:06 PM

We are taking profits on FOSL $85 Put options. Closed at $3.95

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