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Put Options on NTRI on 1/29/2018

Broken Support on NTRINutrisystem, Inc. (NTRI) provides weight management products and services for women and men in the United States.

The company offers Nutrisystem program that consists of approximately 150 portion-controlled items, which serve as the foundation of a low glycemic index diet. Its programs comprise Nutrisystem D, a program designed for people with type 2 diabetes or at risk for type 2 diabetes who want to lose weight and manage their diabetes; Turbo10 program, a program that deliver up to a 10-pound weight loss and a reduction of 5 inches overall in the first month of dieting; The Lean13, a program designed to deliver weight loss of up to 13 pounds and 7 inches in the first month; South Beach Diet, a structured meal delivery weight-loss program; and 5-day kit, a kit for individuals with or at risk of type 2 diabetes, as well as SmartCarb and PowerFuel products, including blueberry muffins, cinnamon buns, vanilla shakes, chocolate shakes, and chocolate chip cookie packs.

The company also provides My Daily 3, a physical activity program, which provides information on diet, nutrition, and physical activity; and NuMi, an interactive and personalized weight loss tracking tool.

It offers monthly food packages of frozen and ready-to-go food containing four-week meal plan of breakfasts, lunches, dinners, and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables, lean proteins, and low-fat dairy.

The company sells its pre-packaged foods to weight loss program participants directly through the Internet and telephone; a television shopping network; and retailers. 

Shares have fallen through a support level as shown on the chart. We expect lower share prices for this stock.

 

52-Weeks Trading Range: $31.60 - $67.95

Entry Point: $44.65

Trade

  • Buy 1 February $45.00 Put at $1.55
  • For a net debit of $1.55

Profit/Loss Analysis

  • Breakeven at $43.45
  • Maximum profit is unbounded
  • Maximum loss is ($155.00) at strike of $45.00

Closing Summary

  • Sold 1 February $45.00 Put at $3.00

Position closed on 2/6/2018 at price of $3.00 with a 93.55% gain in 8 days.

Updates

2/6/2018 9:40:21 AM

NTRI put option closed at $3.00

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