Call Spread on AYI on 4/19/2016

Acuity Brands, Inc. (AYI) designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally.

The company offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down lighting; decorative lighting; emergency and exit lighting; track lighting; daylighting; special-use lighting; street and roadway lighting; parking garage lighting; underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It also provides modular wiring products, LED drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

The company markets its products under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Healthcare Lighting, Hydrel, American Electric Lighting, Carandini, Antique Street Lamps, Sunoptics, RELOC Wiring Solutions, eldoLED, Distech Controls, and Acuity Controls brand names. It serves electrical distributors, retail home improvement centers, electric utilities, utility distributors, national accounts, U.S. government and municipalities, lighting showrooms, original equipment manufacturers, and energy service companies.

The company sells through independent sales agents, electrical wholesalers, and sales representatives, as well as through a network of distribution centers, regional warehouses, and commercial warehouses.

Shares have formed a bullish "flag" following its recent quarterly results. The company reported adjusted earnings of $1.80 per diluted share, topping analysts' estimates of $1.51 per share. Revenue for the quarter was $777.8 million, surpassing analysts' expectations of $752.3 million. We expect higher share prices for this stock.

52-Weeks Trading Range: $164.38 - $260.48

Last Trade: $258.00

Trade Buy 1 May $260.00 Call at $6.50 Sell 1 May $270.00 Call at $2.50 For a net debit of $4.00 Profit/Loss Analysis Breakeven at $264.00 Maximum profit is $600.00 at strike of $270.00 Maximum loss is ($400.00) at strike of $260.00 Closing Summary Sold 1 May $260.00 Call at $0.00 Bought 1 May $270.00 Call at $0.00

Position closed on 5/20/2016 at price of $0.00 with a -100.00% loss in 31 days.

Updates

5/20/2016 10:07:42 AM

AYI call spread closed

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