Put Options on MXL on 5/25/2018

MaxLinear, Inc. (MXL) provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide.

The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

It also provides range of electronic devices, including cable DOCSIS broadband modems and gateways; wireline connectivity devices for in-home networking applications; RF transceivers and modems; fiber-optic modules; video set-top boxes and gateways; hybrid analog and digital televisions, and direct broadcast satellite outdoor and indoor units; and power management and interface products.

It sells its products to electronics distributors, module makers, original equipment manufacturers, and original design manufacturers through direct sales force, third party sales representatives, and a network of distributors. 

Shares have formed a bearish "flag" following the company's recent quarterly report. The company also guided lower. Lower share prices are expected for this stock.

Entry Point: $18.50

52-Weeks Trading Range: $17.54 - $32.47

Trade Buy 1 June $17.50 Put at $0.20 For a net debit of $0.20 Profit/Loss Analysis Breakeven at $17.30 Maximum profit is unbounded Maximum loss is ($20.00) at strike of $18.00 Closing Summary Sold 1 June $17.50 Put at $0.00

Position closed on 6/15/2018 at price of $0.00 with a -100.00% loss in 21 days.

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