Put Options on JKS on 2/12/2018

JinkoSolar Holding Co., Ltd. (JKS) engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally.

It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials.

The company sells its products to distributors, project developers, and system integrators under the JinkoSolar brand, as well as on an original equipment manufacturer basis. 

Shares have formed a bearish "flag" after U.S. announced new sanctions against Chinese solar panels and parts. Lower share prices are expected for this stock.

52-Weeks Trading Range: $14.95 - $30.50

Last Trade: $17.47

Trade Buy 1 March $18.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $16.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $18.00 Closing Summary Sold 1 March $18.00 Put at $0.00

Position closed on 3/16/2018 at price of $0.00 with a -100.00% loss in 32 days.

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