Put Options on HBI on 12/1/2016

Hanesbrands Inc. (HBI) designs, manufactures, sources, and sells various basic apparels for men, women, and children in the United States.

The company operates through four segments: Innerwear, Activewear, Direct to Consumer, and International.

It sells bras, panties, shapewears, hosiery, men’s underwear, children’s underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores and other channels. The company licenses its Champion name for footwear and sports accessories.

It provides its products primarily under the Maidenform, Bali, Playtex, Hanes, JMS/Just My Size, Lilyette, Wonderbra, Donna Karan, DKNY, Champion, Polo Ralph Lauren, L'eggs, Hanes Beefy-T, Gear for Sports, Duofold, DIM, Nur Die/Nur Der, Lovable, Shock Absorber, Abanderado, Zorba, Rinbros, Kendall, Sol y Oro, Fila, Bellinda, Edoo, and Track N Field brand names.

The company markets its products through retailers, wholesalers, and third party embellishers, as well as directly to consumers. Shares are heading lower, and infact, are now at their 52-weeks low. We expect shares to continue to decline now that they have fallen below the $24 support level.

52-Weeks Trading Range: $23.21 - $31.36

Last Trade: $23.23

Trade Buy 1 January $24.00 Put at $1.20 For a net debit of $1.20 Profit/Loss Analysis Breakeven at $22.80 Maximum profit is unbounded Maximum loss is ($120.00) at strike of $24.00 Closing Summary Sold 1 January $24.00 Put at $2.20

Position closed on 12/22/2016 at price of $2.20 with a 83.33% gain in 21 days.

Updates

12/22/2016 9:45:30 AM

Taking Profits on HBI January $24 Put Options. Closed at $2.20.

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