Put Options on EQT on 10/24/2016

EQT Corporation (EQT) operates as an integrated energy company in the United States.

It operates through two segments, EQT Production and EQT Midstream.

The EQT Production segment explores for, develops, and produces natural gas, natural gas liquids (NGLs), and crude oil primarily in the Appalachian Basin. As of December 31, 2015, it had 10.0 trillion cubic feet of proved natural gas, NGL, and crude oil reserves across approximately 3.4 million gross acres, including approximately 630,000 gross acres in the Marcellus play.

The EQT Midstream segment provides natural gas gathering, transmission, and storage services for the company’s produced gas, as well as for independent third parties in the Appalachian Basin. This segment owns or operates approximately 8,250 miles of gathering lines and 177 compressor units with approximately 255,000 horsepower of installed capacity.

Shares have formed a bearish "flag" ahead of its earnings on October 26th. Lower share prices are expected for this stock.

We will be trading November 18th Options

52-Weeks Trading Range: $47.10 - $80.61

Last Trade: $64.35

Trade Buy 1 November $65.00 Put at $2.35 For a net debit of $2.35 Profit/Loss Analysis Breakeven at $62.65 Maximum profit is unbounded Maximum loss is ($235.00) at strike of $65.00 Closing Summary Sold 1 November $65.00 Put at $0.00

Position closed on 11/18/2016 at price of $0.00 with a -100.00% loss in 25 days.

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