Call Options on DKS on 12/22/2015

Dick's Sporting Goods, Inc. (DKS) operates as a sporting goods retailer primarily in the eastern United States.

The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. It also owns and operates Golf Galaxy, Field & Stream, and True Runner specialty stores; and DICKS.com and golfgalaxy.com eCommerce Websites.

As of August 1, 2015, it operated approximately 619 DICK'S Sporting Goods stores in 46 states; 75 Golf Galaxy stores in 29 states; and 12 Field & Stream stores in 7 states.

Shares have moved lower after the company guided lower and received a downgrade. Shares are above the $35 support level and Nike earnings should give a boost to this stock.

We are trading January 15th Option

52-Weeks Trading Range: $33.42 - $60.33

Last Trade: $36.10

Trade Buy 1 January $35.00 Call at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $36.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $35.00 Closing Summary Sold 1 January $35.00 Call at $0.50

Position closed on 1/21/2016 at price of $0.50 with a -66.67% loss in 29 days.

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