Best Stock on the Market

Put Options on FINL on 1/3/2017

Bearish Flag on FINLThe Finish Line, Inc. (FINL) operates as a specialty retailer of athletic shoes, apparel, and accessories in the United States.

It operates in two divisions, the Finish Line and JackRabbit.

The company’s Finish Line division engages in the in-store and online retail of athletic shoes for Macy’s Retail Holdings, Inc.; Macy’s Puerto Rico, Inc.; and Macys.com, Inc., as well as online at macys.com. This division offers men’s, women’s, and kids’ athletic shoes, as well as an assortment of accessories of Nike, Skechers, Converse, Puma, New Balance, Adidas, and other brands.  

Its JackRabbit division retails lifestyle products, such as running shoes, apparel, and accessories of Brooks, Asics, Nike, Saucony, New Balance, and other brands. It also operates the e-commerce sites jackrabbit.com and boulderrunningcompany.com. The company operated 72 JackRabbit stores in 17 states in the United States and the District of Columbia.

The company also offers products through its e-commerce site, finishline.com and mobile commerce site, m.finishline.com. 

Shares have formed a bearish "flag" following its poor same-store-sales and weak Holiday sales. Lower share prices are expected for this stock.

 

52-Weeks Trading Range: $15.74 - $24.52

Last Trade: $18.85

Trade

  • Buy 1 February $19.00 Put at $1.00
  • For a net debit of $1.00

Profit/Loss Analysis

  • Breakeven at $18.00
  • Maximum profit is unbounded
  • Maximum loss is ($100.00) at strike of $19.00

Closing Summary

  • Sold 1 February $19.00 Put at $2.40

Position closed on 1/23/2017 at price of $2.40 with a 140.00% gain in 20 days.

Updates

1/23/2017 12:06:02 PM

FINL closed at $2.40

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