Put Options on UAA on 2/3/2017

Under Armour, Inc. (UAA) develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.

The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

It provides various footwear products, including football, baseball, lacrosse, softball and soccer cleats, slides, performance training, running, basketball, and outdoor footwear.

The company also offers accessories, which include headwear, bags, and gloves; and digital fitness platform licenses and subscriptions, as well as digital advertising, as well as licenses its brands. It primarily provides its products under the UA Logo, UNDER ARMOUR, UA, ARMOUR, HEATGEAR, COLDGEAR, ALLSEASONGEAR, PROTECT THIS HOUSE, and I WILL, as well as ARMOURBITE, ARMOURSTORM, ARMOUR FLEECE, and ARMOUR BRA trademarks.

The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of brand and factory house stores, and Website.

Shares have formed a "bearish flag" after it reported disappointing sales and going forward, the firm guided lower. Lower share prices are expeccted for this stock.

52-Weeks Trading Range: $20.50 - $47.95

Last Trade: $20.51

Trade Buy 1 March $20.00 Put at $0.75 For a net debit of $0.75 Profit/Loss Analysis Breakeven at $19.25 Maximum profit is unbounded Maximum loss is ($75.00) at strike of $20.00 Closing Summary Sold 1 March $20.00 Put at $0.00

Position closed on 3/17/2017 at price of $0.00 with a -100.00% loss in 42 days.

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