Put Options on EEFT on 12/5/2016

Euronet Worldwide, Inc. (EEFT) provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide.

The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

The EFT Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services. This segment also offers ATM and POS dynamic currency conversion, advertising, customer relationship management, mobile top-up, bill payment, fraud management, and foreign remittance payout services; and integrated EFT software solutions for electronic payments and transaction delivery systems.

As of December 31, 2014, it operated a network of 20,364 ATMs; and approximately 69,000 POS terminals. The epay segment engages in the electronic distribution and processing of prepaid mobile airtime and other electronic payment products; and provision of collection services for payment products, cards, and services, as well as vouchers and physical gift fulfillment, and gift card distribution and processing services. This segment operated a network of approximately 681,000 POS terminals.

The Money Transfer segment provides consumer-to-consumer, and account-to-account money transfer services; customers bill payment services; payment alternatives, such as money orders and prepaid debit cards; check cashing services for various issued checks; foreign currency exchange and mobile top-up services; and cash management and foreign currency risk management services. 

Shares have formed a bearish "flag" and lower share prices are expected for this stock. 

52-Weeks Trading Range: $52.00 to $84.81

Last Trade: $70.59

Trade Buy 1 January $70.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $68.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $70.00 Closing Summary Sold 1 January $70.00 Put at $0.00

Position closed on 1/16/2017 at price of $0.00 with a -100.00% loss in 41 days.

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