Best Stock on the Market

Put Options on ADSK on 8/31/2015

Bearish Flag on ADSKAutodesk, Inc. (ADSK) operates as a design software and services company worldwide.

The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and management.

Its Platform Solutions and Emerging Business segment offers AutoCAD software, a computer-aided design application for professional design, drafting, detailing, and visualization; and AutoCAD LT, a professional drafting and detailing software.

The company’s Manufacturing segment provides Autodesk Product Design Suites for digital prototyping; Autodesk Inventor that allows manufacturers to go beyond 3D design to digital prototyping; AutoCAD Mechanical software to accelerate the mechanical design process; and Autodesk Moldflow family of injection molding simulation software. Its Media and Entertainment segment provides Autodesk Maya and Autodesk 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and Autodesk Flame, Autodesk Smoke, and Autodesk Lustre software applications that offer editing, finishing, and visual effects design and color grading solutions.

Shares have formed a bearish "flag" following the company's latest quarterly results. The company forecast an adjusted profit of 60-72 cents per share for the year ending Jan. 31, well below the average analyst forecast of $1.04. Lower share prices are expected for this stock.

52-Weeks Trading Range: $46.26 - $65.00

Last Trade: $47.52

 

Position closed at $1.00 on 9/17/2015

Trade

  • Buy 1 September $47.50 Put at $1.65
  • For a net debit of $1.65

Profit/Loss Analysis

  • Breakeven at $45.85
  • Maximum profit is unbounded
  • Maximum loss is ($165.00) at strike of $48.00

Closing Summary

  • Sold 1 September $47.50 Put at $2.25

Position closed on 9/17/2015 at price of $2.25 with a 36.36% gain in 17 days.

Updates

9/17/2015 12:10:07 PM

ADSK Sept $47.50 closed at $2.25.

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