Put Options on SUN on 11/14/2016

Sunoco LP (SUN) engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii.

The company operates through two segments, Wholesale and Retail.

It serves convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers. The company also distributes other petroleum products, such as propane and lubricating oils; and leases or subleases real estate properties used in the retail distribution of motor fuels.

As of December 31, 2014, it operated 900 convenience stores and fuel outlets offering merchandise, food service, motor fuel, and other services in 8 states. Sunoco GP LLC serves as the general partner of the company.

Shares have fallen through the $25 support level and we expect shares to hit their 52-weeks low again.

52-Weeks Trading Range: $22.86 - $40.06

Last Trade: $24.53

Trade Buy 1 December $25.00 Put at $1.00 For a net debit of $1.00 Profit/Loss Analysis Breakeven at $24.00 Maximum profit is unbounded Maximum loss is ($100.00) at strike of $25.00 Closing Summary Sold 1 December $25.00 Put at $2.50

Position closed on 11/21/2016 at price of $2.50 with a 150.00% gain in 7 days.

Updates

11/21/2016 10:50:50 AM

SUN Dec $25 Put options closed at $2.50.

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