Call Options on PIR on 9/27/2017

This is an earnings play and a risky one too! However, insiders have been buying shares ahead of the earnings report tonight! Kirkland (KIRK), Pier 1's competitor reported strong results earlier this month!

Pier 1 Imports, Inc. (PIR) engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products.

It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

As of February 25, 2017, the Company operated 941 stores in the United States and 77 stores in Canada It also operates e-Commerce Website, pier1.com.

Estimates call for revenue of $406.8 million a loss per share of 6 cents per share. Shares are now sitting at their 50-day moving average shown in brown.

52-Weeks Trading Range: $3.96 - $9.68

Last Trade: $4.36

Trade Buy 1 October $4.00 Call at $0.60 For a net debit of $0.60 Profit/Loss Analysis Breakeven at $4.60 Maximum profit is unbounded Maximum loss is ($60.00) at strike of $4.00 Closing Summary Sold 1 October $4.00 Call at $0.20

Position closed on 10/16/2017 at price of $0.20 with a -66.67% loss in 19 days.

Updates

10/16/2017 10:39:08 AM

PIR call options sold for $0.20.

Back to Portfolio