Call Options on CONN on 1/8/2018

Conn's, Inc. (CONN) operates as a specialty retailer of durable consumer goods and related services in the United States.

It operates through two segments, Retail and Credit.

The company's stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories. Its stores also offer consumer electronics, such as LED, OLED, Ultra HD, and Internet-ready televisions; and Blu-ray players, and home theater and portable audio equipment.

The company also provides short- and medium-term financing to its retail customers, as well as offers product support services, such as product repair services, repair service agreements, and various credit insurance products. As of January 31, 2017, it operated 113 retail locations in Alabama, Arizona, Colorado, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

We will be trading January 19th Call Options

52-Weeks Trading Range: $7.75 - $37.80

Last Trade: $34.90

Trade Buy 1 January $34.00 Call at $1.80 For a net debit of $1.80 Profit/Loss Analysis Breakeven at $35.80 Maximum profit is unbounded Maximum loss is ($180.00) at strike of $34.00 Closing Summary Sold 1 January $34.00 Call at $1.55

Position closed on 1/19/2018 at price of $1.55 with a -13.89% loss in 11 days.

Updates

1/19/2018 9:44:26 AM

CONN call options closed at $1.55

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