Call Options on CC on 8/10/2016

bullish inverse head and shoulderThe Chemours Company (CC) provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

It operates in three segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions.

The Titanium Technologies segment produces and sells titanium dioxide (TiO2) under the Ti-Pure brand name to deliver whiteness, brightness, opacity, and protection in various applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, PVC window profiles, laminate papers, coated paper, and coated paperboard used for packaging.

The Fluoroproducts segment provides fluoroproducts, such as hydrofluorocarbon refrigerants, and fluoropolymer resins and downstream products and coatings under the Teflon brand name.

The Chemical Solutions segment offers industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries in North America. This segment provides cyanides; sulfur products; and performance chemicals and intermediates, such as clean and disinfect chemicals, aniline, methylamines, glycolic acid, Vazo free radical initiators, and reactive metals.

Shares have formed an inverse bullish "head and shoulder" following the company's latest quarterly report. We expect higher share prices for this stock.

We will be trading September 16th Options.

52-Weeks Trading Range: $3.06 - $11.23

Last Trade: $10.30

Trade

  • Buy 1 September $10.00 Call at $1.00
  • For a net debit of $1.00

Profit/Loss Analysis

  • Breakeven at $11.00
  • Maximum profit is unbounded
  • Maximum loss is ($100.00) at strike of $10.00

Closing Summary

  • Sold 1 September $10.00 Call at $3.10

Position closed on 8/29/2016 at price of $3.10 with a 210.00% gain in 19 days.

Updates

8/29/2016 2:26:39 PM

We are taking profits on CC September $10 Call Options.

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