Put Options on SRCL on 5/4/2016

Stericycle, Inc. (SRCL) provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally.

The company collects and processes regulated and specialized waste for disposal services, as well as collects personal and confidential information for secure destruction. It offers regulated solutions for medical waste disposal, pharmaceutical waste disposal, and hazardous waste management; sustainability solutions for expired or unused inventory; and secures information destruction of documents and e-media.

The company’s compliance solutions comprise Steri-Safe and clinical services programs for training and consulting; inbound/outbound communications; data reporting; and other regulatory compliance services. It also provides reusable sharps disposal management services, integrated waste stream solutions program, and regulated recall and returns management services for expired or recalled products.

The company serves healthcare businesses, including hospitals, physician and dental practices, outpatient clinics, and long-term care facilities; retailers and manufacturers; financial and professional service providers; governmental entities; and other businesses. 

Shares are in the process of forming a bearish "flag" following the company's poor quarterlly results. 

We will be trading May 20th Options.

52-Weeks Trading Range: $91.05 - $151.57

Last Trade: $94.83

Trade Buy 1 May $95.00 Put at $2.20 For a net debit of $2.20 Profit/Loss Analysis Breakeven at $92.80 Maximum profit is unbounded Maximum loss is ($220.00) at strike of $95.00 Closing Summary Sold 1 May $95.00 Put at $0.00

Position closed on 5/20/2016 at price of $0.00 with a -100.00% loss in 16 days.

Updates

5/20/2016 10:29:44 AM

SRCL put options closed.

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