Put Options on DSW on 10/13/2015

DSW Inc. (DSW) operates as a branded footwear and accessories retailer in the United States.

The company operates through two segments, DSW and Affiliated Business Group.

It offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. The company also provides handbags, hosiery, jewelry, and other accessories.

As of October 1, 2015, it operated 464 stores in 42 states; dsw.com, an ecommerce site; m.dsw.com, a mobile site; and an interactive mobile app, as well as supplied footwear to 373 locations in the United States. 

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

52-Weeks Trading Range: $24.40 - $39.58

Last Trade: $24.95

Buy a November 20th $25 Put Option

Trade Buy 1 November $25.00 Put at $0.90 For a net debit of $0.90 Profit/Loss Analysis Breakeven at $24.10 Maximum profit is unbounded Maximum loss is ($90.00) at strike of $25.00 Closing Summary Sold 1 November $25.00 Put at $1.35

Position closed on 11/2/2015 at price of $1.35 with a 50.00% gain in 19 days.

Updates

11/2/2015 10:33:27 AM

Taking profits on DSW $25 Put.

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