Call Options on COH on 8/8/2017

Coach, Inc. (COH) provides luxury accessories and lifestyle brands.

It offers handbags, money pieces, wristlets and cosmetic cases, key rings, and charms for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, time management, electronic accessories, and ready-to-wear for men.

The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelry consisting of bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions.

In addition, it offers weekend and travel accessories, travel bags, and other lifestyle products. Further, the company holds licensing rights to market and distribute footwear, eyewear, watches, and fragrances under the Coach brand name. 

Shares are heading higher in an upward trading channel. The formation is supported by the stock's 50-day moving average, showing in brown. The firm reports earnings on August 15th.

We will be trading September 15th Call options.

52-Weeks Trading Range: $34.07 - $48.85

Last Trade: $47.57

Trade Buy 1 September $48.00 Call at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $49.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $48.00 Closing Summary Sold 1 September $48.00 Call at $0.00

Position closed on 9/15/2017 at price of $0.00 with a -100.00% loss in 38 days.

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