Put Options on TRMB on 3/26/2018

Trimble Inc.  (TRMB) provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.

The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software. This segment serves architects, engineers, contractors, owners, and operators.

The Geospatial segment provides surveying and geospatial products and services to the construction, engineering, mining, oil and gas, energy and utilities, government, and land management sectors; and geographic information systems.

The Resources and Utilities segment offers precision agriculture products and services that consist of guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions primarily to customers working in agriculture, forestry, and utilities.

The Transportation segment offers solutions under the Trimble, PeopleNet, GEOTrac, TMW, and ALK Technologies brands to customers working in transportation, including transportation and logistics, automotive, rail, and field service management.

Shares have sold off along with the rest of teechnology stocks. Shares are expected to find support around $30-$32 level. Put options on the stock are relatively inexpensive.

We will be trading April $35 Put options.

Last Trade: $34.64

52-Weeks Trade Range: $30.45 - $45.70

Trade Buy 1 April $35.00 Put at $1.05 For a net debit of $1.05 Profit/Loss Analysis Breakeven at $33.95 Maximum profit is unbounded Maximum loss is ($105.00) at strike of $35.00 Closing Summary Sold 1 April $35.00 Put at $0.25

Position closed on 4/13/2018 at price of $0.25 with a -76.19% loss in 18 days.

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