Best Stock on the Market

Put Options on GIII on 3/28/2017

Broken Support on GIIIG-III Apparel Group, Ltd. (GIII) designs, manufactures, and markets men’s and women's apparel.

It operates through two segments: Wholesale Operations and Retail Operations.

The company's products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

It markets swimwear, resort wear, and related accessories under the Vilebrequin brand; footwear, apparel, and accessories under Bass and G.H. Bass brands; and apparel products under Andrew Marc, Marc New York, Jessica Howard, Eliza J and Black Rivet, Weejuns, and other private retail labels. G-III Apparel Group, Ltd. also licenses its products under the Calvin Klein, ck Calvin Klein, Karl Lagerfeld, Guess, Guess?, Kenneth Cole NY, Reaction Kenneth Cole, Cole Haan, Levi's, Vince Camuto, Tommy Hilfiger, Jessica Simpson, Ivanka Trump, Jones New York, Ellen Tracy, Kensie, Dockers, Wilsons, G-III Sports by Carl Banks, and G-III for Her brands, as well as have licenses with the National Football League, Major League Baseball, National Basketball Association, National Hockey League, Touch by Alyssa Milano, Hands High, Collegiate Licensing Company, Major League Soccer, and Starter.

The company offers its products to department, specialty, and mass merchant retail stores in the United States, Canada, Europe, and the Far East; and distributes products through its retail stores, as well as through G.H. Bass, Wilsons Leather, Vilebrequin, and Andrew Marc Websites. 

Shares have fallen through the $22 level which had acted as a support in the past. The sell-off came in after the firm reported quarterly loss of 42 cents per share vs. estimates of a profit of 16 cents. Lower share prices are expected for this stock.

 

52-weeks Trading Range: $19.10 - $51.81

Last Trade: $19.70

Trade

  • Buy 1 April $20.00 Put at $1.00
  • For a net debit of $1.00

Profit/Loss Analysis

  • Breakeven at $19.00
  • Maximum profit is unbounded
  • Maximum loss is ($100.00) at strike of $20.00

Closing Summary

  • Sold 1 April $20.00 Put at $0.00

Position closed on 4/21/2017 at price of $0.00 with a -100.00% loss in 24 days.

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