Put Options on CTRP on 4/19/2017

Ctrip.com International (CTRP) provides travel service for hotel accommodations, airline tickets, packaged tours, and corporate travel management in the People’s Republic of China.

It also offers independent leisure travelers bundled packaged-tour products, including group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving. In addition, the company provides integrated transportation and accommodation services; various value-added services consisting of car rental, insurance, Visa services, tour guides, transportation at destinations, and tickets; and supplier management and customer relationship management services.

Further, it offers Internet-related advertising, aviation casualty insurance, and air-ticket delivery services; and sells Property Management System, a hotel information software, as well as provides related maintenance services. 

Shares have formed a bearish"double top" and lower share prices are expected for this stock.

52-Week Trading Range:  $37.36 to $50.77

Last Trade: $47.17

Trade Buy 1 May $47.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $45.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $47.00 Closing Summary Sold 1 May $47.00 Put at $0.00

Position closed on 5/19/2017 at price of $0.00 with a -100.00% loss in 29 days.

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