Put Options on DKS on 7/25/2017

Dick's Sporting Goods, Inc. (DKS) operates as a sporting goods retailer primarily in the eastern United States.

It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories.

The company also owns and operates Golf Galaxy, Field & Stream, Chelsea Collective, and True Runner specialty concept stores; and e-commerce Websites, such as DICKS.com, golfgalaxy.com, fieldandstreamshop.com, and caliastudio.com.

It operates approximately 675 Dick's Sporting Goods stores, 73 Golf Galaxy stores, and 25 Field & Stream stores. 

Shares have formed a bearish "flag" as company's sales have been under pressure and yesterday's new on Hibbett Sporting Goods. Lower share prices are expected for this stock.

52-Weeks Trading Range: $34.551 to $62.88

Last Trade: $35.12

Trade Buy 1 August $35.00 Put at $1.60 For a net debit of $1.60 Profit/Loss Analysis Breakeven at $33.40 Maximum profit is unbounded Maximum loss is ($160.00) at strike of $35.00 Closing Summary Sold 1 August $35.00 Put at $2.60

Position closed on 8/10/2017 at price of $2.60 with a 62.50% gain in 16 days.

Updates

8/10/2017 9:34:25 AM

DKS August $35 Put options sold for $2.60

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