Best Stock on the Market

Call Options on SQ on 7/11/2017

Bullish Cup & Handle on SQSquare, Inc. (SQ) develops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide.

It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud-based reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs.

The company also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal. In addition, it provides online/card not present payments services through the Square Point of Sale mobile apps or Square Virtual Terminals; Square Invoices and Square Online Store for processing payments; Square Cash, a peer-to-peer payments service; Square Capital that facilitates loans to pre-qualified sellers based on real-time payment and POS data; and Caviar, a courier order management app that provides food delivery services for restaurants.

Further, the company offers gift cards, square appointments, instant deposit, customer engagement, employee management, and other subscription and services-based products.

Its customers include retail, services, and food-related industries of various sizes ranging from a single vendor at a farmers' market to multi-location businesses. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

We will be trading August 18th Call Options

52-Weeks Trading Range: $9.10 - $24.97

Last Trade: $23.94

 

Trade

  • Buy 1 August $24.00 Call at $1.55
  • For a net debit of $1.55

Profit/Loss Analysis

  • Breakeven at $25.55
  • Maximum profit is unbounded
  • Maximum loss is ($155.00) at strike of $24.00

Closing Summary

  • Sold 1 August $24.00 Call at $1.00

Position closed on 8/18/2017 at price of $1.00 with a -35.48% loss in 38 days.

Updates

8/18/2017 11:42:36 AM

SQ calls sold for $1.00

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