Call Options on AOS on 1/22/2018

A. O. Smith Corporation (AOS) manufactures and markets residential and commercial gas, gas tankless, electric water heaters, and water treatment products in North America, China, Europe, and India.

The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. It also provides heat pump and solar units, as well as combi boilers; and air purification products.

The company distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms.

Shares have formed a bullish "cup and handle" ahead of its earnings report on January 30th. Higher share prices are expected for this stock.

52-Weeks Trading Range: $46.44 - $67.05

Last Trade: $67.04 

Trade Buy 1 February $65.00 Call at $2.30 For a net debit of $2.30 Profit/Loss Analysis Breakeven at $67.30 Maximum profit is unbounded Maximum loss is ($230.00) at strike of $65.00 Closing Summary Sold 1 February $65.00 Call at $0.70

Position closed on 2/16/2018 at price of $0.70 with a -69.57% loss in 25 days.

Updates

2/16/2018 10:32:38 AM

AOS $65 call sold for $0.70

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