Put Options on UL on 1/23/2017

Unilever PLC (UL) operates in the fast-moving consumer goods market in the Africa, Americas, Asia Pacific, Europe, and Middle East.

The company operates through Personal Care, Foods, Refreshment, and Home Care segments.

The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Dove, Lux, Zendium, Dermalogica, Murad, Kate Somerville, and REN brand names.

The Foods segment provides soups, bouillons, sauces, snacks, salad dressings, and spreads under the brand names of Knorr and Hellmann’s.

The Home Care segment provides home care products, such as powders, liquids and capsules, soap bars, and various cleaning products. This segment markets its products under the Omo, Comfort, and Cif’s brand names.

The Refreshment segment offers ice cream under the Magnum, Cornetto, Breyer’s, Talenti, Grom, and Ben & Jerry’s brand names; and tea-based beverages under the Lipton and PG Tips brand names.

Shares have moved higher recently, after their collapse following Brexit, and now have come to an overhead resistance. We expect shares to move lower from this level and retest their recent lows. 

52-Weeks Trading Range: $38.58 - $48.97

Last Trade: $42.10

Trade Buy 1 February $42.50 Put at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $41.00 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $43.00 Closing Summary Sold 1 February $42.50 Put at $2.50

Position closed on 1/26/2017 at price of $2.50 with a 66.67% gain in 3 days.

Updates

1/26/2017 9:51:14 AM

We are taking profits on UL $42.50 Put Options.

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