Put Options on DKS on 3/14/2017

Dick's Sporting Goods, Inc. (DKS) operates as a sporting goods retailer primarily in the eastern United States.

It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories.

The company also owns and operates Golf Galaxy, Field & Stream, Chelsea Collective, and True Runner specialty concept stores; and e-commerce Websites, such as DICKS.com, golfgalaxy.com, fieldandstreamshop.com, and caliastudio.com.

As of January 28, 2017, it operated approximately 675 Dick's Sporting Goods stores, 73 Golf Galaxy stores, and 25 Field & Stream stores. 

Shares have formed a bearish "flag" following the company's latest quarterly report. Lower share prices from this formation are expected.

52-Weeks Trading Range: $37.96 to $62.88

Last Trade: $47.30

Trade Buy 1 April $48.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $46.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $48.00 Closing Summary Sold 1 April $48.00 Put at $2.50

Position closed on 3/28/2017 at price of $2.50 with a 25.00% gain in 14 days.

Updates

3/28/2017 10:38:22 AM

DKS $48 April put options closed at $2.50

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