Put Options on DDR on 5/1/2017

DDR Corp. (DDR) is an equity real estate investment trust.

It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.

As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA). As of December 31, 2016, the portfolio properties included 319 shopping centers (including 152 centers owned through joint ventures). As of December 31, 2016, the portfolio properties also included over 650 acres of undeveloped land, including parcels located adjacent to certain of the shopping centers. As of December 31, 2016, the portfolio properties aggregated to 75.8 million square feet of Company-owned GLA located in 35 states, plus Puerto Rico. 

It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio. The Company last reported revenues of $231 million in the reported quarter. The prior-year quarter’s revenue figure was $246.2 million. Going forward, the company withdrew its guidance. Shares have formed a bearish flag on the news. Lower share prices from this formation is expected.

Last Trade: $10.80

52-Weeks Trading Range: $10.79 - $19.92

Trade Buy 1 May $10.00 Put at $0.10 For a net debit of $0.10 Profit/Loss Analysis Breakeven at $9.90 Maximum profit is unbounded Maximum loss is ($10.00) at strike of $10.00 Closing Summary Sold 1 May $10.00 Put at $0.70

Position closed on 5/8/2017 at price of $0.70 with a 600.00% gain in 7 days.

Updates

5/8/2017 12:04:30 PM

DDR $10 Put options closed at $0.70

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