Put Options on SFIX on 3/19/2018

Stitch Fix, Inc. (SFIX) sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States.

It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men and women under the Stitch Fix brand.

The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc. in October 2011. 

In a research note to investors, JPMorgan analyst Doug Anmuth estimated that about 31M Stitch Fix shares will be released from lock-up before the market open on Wednesday, March 14, which could create near-term weakness. Lower share prices are expected for this stock.

52-Weeks Trading Range: $14.48 to $30.07

Entry Point: $20.40

Trade Buy 1 April $20.00 Put at $1.75 For a net debit of $1.75 Profit/Loss Analysis Breakeven at $18.25 Maximum profit is unbounded Maximum loss is ($175.00) at strike of $20.00 Closing Summary Sold 1 April $20.00 Put at $0.00

Position closed on 4/13/2018 at price of $0.00 with a -100.00% loss in 25 days.

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