Put Options on WAGE on 3/6/2018

WageWorks, Inc. (WAGE) engages in administering consumer-directed benefits (CDBs), which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States.

It administers CDBs, including pre-tax spending accounts, such as health savings accounts (HSAs), health and dependent care flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs), as well as offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits.

As of September 13, 2017, it had approximately 6.5 million employee participants from approximately 100,000 employer clients. 

Shares have formed a bearish "flag" after the company delayed its 10-K filling. Several class action lawsuits . Lower share prices are expected for this stock. The firm reports this week.

52-Weeks Trading Range: $38.40 - $80.50

Last Trade: $45.60

Trade Buy 1 March $45.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $43.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $45.00 Closing Summary Sold 1 March $45.00 Put at $0.00

Position closed on 3/16/2018 at price of $0.00 with a -100.00% loss in 10 days.

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