Call Options on BJ on 7/16/2018

BJ’s Wholesale Club  (BJ) is a leading warehouse club operator on the East Coast of the United States. BJ delivers significant value to its members, consistently offering 25% or more savings on a representative basket of manufacturer-branded groceries compared to traditional supermarket competitors. BJ provides a curated assortment focused on perishable products, continuously refreshed general merchandise, gas and other ancillary services to deliver a differentiated shopping experience that is further enhanced by our omnichannel capabilities.

The Company was taken private seven years ago. The PE firm that owns majority of the shares has brought the company public once again. They sold 35% of shares but kept majority control of the company by retaining 65 percentage of the company. Shares went public at $17.50, shot up to $23 to settle around $22-$25 range. Shares broke out on Friday to $27.45. A modest pullback is expected before shares heading to the $30 level.

We will be trading August 17th Calls.

Last trade: $27.05

Trading Range: $20.56 - $27.46

Trade Buy 1 August $25.00 Call at $2.60 For a net debit of $2.60 Profit/Loss Analysis Breakeven at $27.60 Maximum profit is unbounded Maximum loss is ($260.00) at strike of $25.00 Closing Summary Sold 1 August $25.00 Call at $0.60

Position closed on 8/17/2018 at price of $0.60 with a -76.92% loss in 32 days.

Updates

8/17/2018 11:41:19 AM

BJ call Options sold for $0.60

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