Call Options on ROST on 12/15/2016

Ross Stores, Inc. (ROST) operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States.

It primarily offers apparel, accessories, footwear, and home fashions.

The company’s Ross Dress for Less stores sell its products at savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and dd’s DISCOUNTS stores sell its products at savings of 20% to 70% off moderate department and discount store regular prices to customers from households with moderate income.

As of October 10, 2016, it operated 1,342 Ross Dress for Less stores in 36 states, the District of Columbia, and Guam; and 193 dd's DISCOUNTS stores in 15 states. 

Shares have formed a bullish "flag" after having rebounded from their 50-day moving average (shown in green). We expect shares to move higher from these levels. 

52-Weeks Trading Range: $50.42 - $69.81

Last Trade: $67.35

Trade Buy 1 January $67.50 Call at $1.70 For a net debit of $1.70 Profit/Loss Analysis Breakeven at $69.20 Maximum profit is unbounded Maximum loss is ($170.00) at strike of $67.00 Closing Summary Sold 1 January $67.50 Call at $0.00

Position closed on 1/16/2017 at price of $0.00 with a -100.00% loss in 31 days.

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