Call Spread on TTS on 7/18/2016

Tile Shop Holdings, Inc. (TTS) operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States.

It offers approximately 4,000 products, including ceramic, porcelain, glass, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.

The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name.

As of June 29, 2016, it operated 118 stores in 31 states with an average size of 21,600 square feet. The company also sells its products through its Website, tileshop.com. 

We will be trading August 19th Call Options

52-weeks Trading Range: $11.32 - $21.05

Last Trade: $20.00

Trade Buy 1 August $17.50 Call at $2.90 Sell 1 August $22.50 Call at $0.50 For a net debit of $2.40 Profit/Loss Analysis Breakeven at $19.90 Maximum profit is $260.00 at strike of $23.00 Maximum loss is ($240.00) at strike of $17.00 Closing Summary Sold 1 August $17.50 Call at $0.00 Bought 1 August $22.50 Call at $0.00

Position closed on 8/20/2016 at price of $0.00 with a -100.00% loss in 33 days.

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