Call Options on AMBA on 8/8/2016

Ambarella, Inc. (AMBA) develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide.

The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market.

The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and logistics providers.

Shares of this company have formed a bullish "cup and handle" ahead of its earnings on August 15th. Higher share prices are expected for this stock.

We will be trading August 19th Call Options.

52-Weeks Trading Range: $33.39 to $119.99

Last Trade: $58.30

Trade Buy 1 August $57.50 Call at $2.20 For a net debit of $2.20 Profit/Loss Analysis Breakeven at $59.70 Maximum profit is unbounded Maximum loss is ($220.00) at strike of $57.00 Closing Summary Sold 1 August $57.50 Call at $4.50

Position closed on 8/9/2016 at price of $4.50 with a 104.55% gain in 1 days.

Updates

8/9/2016 10:49:25 AM

We are taking profits on AMBA Call Options at $4.50.

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