Call Options on TEAM on 8/2/2016

Atlassian Corporation Plc (TEAM) designs, develops, licenses, and maintains software, as well as provides software hosting services worldwide.

The company offers JIRA, a team planning and project management platform; Confluence, a team content creation and sharing solution; HipChat, a team messaging and communications tool; and Bitbucket, a team code sharing and management software, as well as JIRA Service Desk for team services and support applications. Its products enable teams to organize, discuss and complete shared work.

Shares of this recent IPO have formed a bullish "cup and handle" ahead of its upcoming quarterly results later on this week. We expect a strong report from the company.

52-Weeks Trading Range: $16.92 - $31.46

Last Trade: $29.70

Trade Buy 1 August $30.00 Call at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $31.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $30.00 Closing Summary Sold 1 August $30.00 Call at $0.00

Position closed on 8/20/2016 at price of $0.00 with a -100.00% loss in 18 days.

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