Put Options on FRAN on 6/7/2017

Francesca's Holdings Corporation (FRAN) operates a chain of retail boutiques.

It offers fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35.

The company’s apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings. Its accessories consist of handbags, clutches, wallets, shoes, belts, hats, scarves, sunglasses, watches, and hair accessories; and gifts include fragrances, candles, bath and body, home accessories, books, wall art, nail polish, and miscellaneous items.

As of December 9, 2016, the company operated 621 boutiques in 47 states and the District of Columbia. The company also sells its products through its Website at francescas.com.

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

 Will Be Trading July 21 Put Options

52-Weeks Trading Range: $9.75 - $22.39

Last Trade: $11.21

Trade Buy 1 July $11.00 Put at $0.50 For a net debit of $0.50 Profit/Loss Analysis Breakeven at $10.50 Maximum profit is unbounded Maximum loss is ($50.00) at strike of $11.00 Closing Summary Sold 1 July $11.00 Put at $0.80

Position closed on 7/10/2017 at price of $0.80 with a 60.00% gain in 32 days.

Updates

7/10/2017 9:45:05 AM

FRAN $11 Put option closed at $0.80.

Back to Portfolio