Put Options on ATUS on 11/20/2017

Altice USA, Inc. (ATUS) owns and operates cable systems and owns companies that provide regional news, local programming, and advertising sales services for the cable television industry and Ethernet-based data, Internet, voice and video transport, and managed services to the business market.

The company provides cable services to New York City and New Jesrsy. The company took over Cablevision and its assests and its IPO comprised of Cablevision and debt associated with its take over. Shares are now trading near all time lows. 

The decline in share prices are expected to continue as company struggles to pay off its debt.

52-Wees Trading Range: $18.73 - $35.29

Last Trade: $19.86

Trade Buy 1 December $20.00 Put at $0.70 For a net debit of $0.70 Profit/Loss Analysis Breakeven at $19.30 Maximum profit is unbounded Maximum loss is ($70.00) at strike of $20.00 Closing Summary Sold 1 December $20.00 Put at $1.70

Position closed on 11/27/2017 at price of $1.70 with a 142.86% gain in 7 days.

Updates

11/27/2017 10:04:48 AM

We are taking profits on ATUS $20 put options

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