Put Options on TRIP on 6/19/2017

TripAdvisor (TRIP) is an online travel company.

The company enables travelers to plan and have the perfect trip. It offers advice from real travelers and various travel choices and planning features with seamless links to booking tools.

The company's travel research platform aggregates reviews and opinions of members about destinations; accommodations, such as hotels, bed and breakfasts, specialty lodging, and vacation rentals; restaurants; and other activities through its TripAdvisor brand. It operates TripAdvisor-branded Websites, which comprise tripadvisor.com in the United States; and localized versions of the Website in 30 countries, including China under the brand daodao.com.

In addition, it manages and operates Websites under 20 other travel media brands, providing travel planning resources across the travel sector; and engages in licensing its content to third-parties. TripAdvisor branded sites make up the travel community in the world, with approximately 260 million unique monthly visitors, and 100 million reviews and opinions covering approximately 2.7 million accommodations, restaurants, and attractions. 

Shares have fallen through their one year "support" and lower share prices are expected for this stock.

We will trade July 21 Put Options

52-Week Trading Range:  $36.10 - $71.69

Last Trade:  $36.20

Trade Buy 1 July $37.00 Put at $1.70 For a net debit of $1.70 Profit/Loss Analysis Breakeven at $35.30 Maximum profit is unbounded Maximum loss is ($170.00) at strike of $37.00 Closing Summary Sold 1 July $37.00 Put at $0.00

Position closed on 7/21/2017 at price of $0.00 with a -100.00% loss in 31 days.

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