Put Options on M on 10/30/2017

Macy's, Inc. (M) operates stores, Websites, and mobile applications.

Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.

The company also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

As of August 21, 2017, it operated approximately 700 department stores under the Macy’s and Bloomingdale’s brands; 150 specialty stores under the Bloomingdale's, The Outlet, Bluemercury, and Macy's Backstage brands in the United States, the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.

In addition, it operates as a beauty products and spa retailer.

Shares are trading at a 52-weeks low and it is expected that the decline in shares could continue.

We will trade November 17th Put Options

Last Trade: $19.69

52-Weeks Trading Range: $19.32 - $45.41

Trade Buy 1 November $20.00 Put at $1.25 For a net debit of $1.25 Profit/Loss Analysis Breakeven at $18.75 Maximum profit is unbounded Maximum loss is ($125.00) at strike of $20.00 Closing Summary Sold 1 November $20.00 Put at $0.00

Position closed on 11/17/2017 at price of $0.00 with a -100.00% loss in 18 days.

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