Put Options on IRM on 1/31/2018

Iron Mountain Incorporated (IRM) provides storage and information management services in North America, Europe, Latin America, Asia Pacific, and Africa.

It operates through North American Records and Information Management Business, North American Data Management Business, Western European Business, and Other International Business segments. The company provides storage and information management services for physical records and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, including healthcare information services, vital records services, and service and courier operations, as well as the collection, handling, disposal of sensitive documents for corporate customers; and information destruction services, information governance and digital solutions, and fulfillment and technology escrow services.

It is also involved in the storage and rotation of backup computer media operations, including server and computer backup services; digital content repository systems to house, distribute, and archive key media assets; and storage, safeguarding, and electronic or physical delivery of physical media; and data center and fine art storage businesses.

In addition, the company undertakes recurring project works that comprise on-site removal of aged patient files and related computerized file indexing; provides healthcare information services, which consists of medical record copying and delivery, temporary staffing, contract coding, facilities management, and imaging; conducts records inventories, packing records into cartons or other containers, and creating computerized indices of files and individual documents; and manages active records programs.

It serves commercial, legal, financial, healthcare, insurance, life sciences, energy, business services, entertainment, and government organizations.

Shares have fallen through a support level and lower share prices are expected for this stock.

52-Weeks Trading Range: $32.53 - $41.53

Last Trade: $33.93

Trade Buy 1 February $35.00 Put at $1.30 For a net debit of $1.30 Profit/Loss Analysis Breakeven at $33.70 Maximum profit is unbounded Maximum loss is ($130.00) at strike of $35.00 Closing Summary Sold 1 February $35.00 Put at $2.80

Position closed on 2/6/2018 at price of $2.80 with a 115.38% gain in 6 days.

Updates

2/6/2018 9:42:59 AM

IRM put option closed at $2.80

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